September 6, 2012

TATA MOTORS Death cross an update

 
  • Tata motors bulls need to sustain above the weekly cloud or Golden ratio. Breaking these levels will be negative for the stock.
  • Daily chart shows bulls trying to form an Inverted Head and shoulders pattern. But daily also has given  a death cross which will be effective if price breaks below 203. 
  • In short Tata Motors will be bullish above 252. Bearish below 203 and Neutral between these two levels.

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