October 15, 2011

TATA MOTORS Weekend Analysis

  • Immediate resistance levels for tata motors are 185 and the zone between 210 - 216 level.
  • Price is also closing in on month High EMA. A bigger rally is possible only once price manage to close above month high ema.
  • Weekly cloud and Month High EMA may act as resistance levels in the short term.

CRUDE OIL Hits the resistance line

  • Crude oil hits the resistance line in daily chart.
  • If price shows weakness here without breaking above the trend line crude oil will start to fall.
  • Breakout from trend line will find it hard to cross 89 - 90 levels.