My blog tries to Analyse the trend and patterns of stocks, Futures, Commodities and Forex Markets
August 10, 2015
Tata Motors trend update
Tata motors daily chart continues to stay below 50 Day SMA. Recent bounce was due to the Positive divergence shown in last chart. This divergence bounce will be effective only if price is able to move above 50 Day SMA. Till price stays below 50 SMA the effects of Death cross will remain intact.