April 22, 2010

TATA MOTORS triangle break out

TATA MOTORS TRIANGLE
  • TATAMOTORS triangle break out targetting at least 1000.
  • keep 816 as stop loss and go long.

NIFTY Technical analysis for 22 april 2010

NIFTY DAY LINE CHART
NIFTY DAY CHART - 2
  • NIFTY closed below 5300 and below 20 DAY Sma.
  • the upturn in line chart is still intact
  • 5200 support is still intact.
  • we have closed above 5260 which is a minor resistance point.

NIFTY Hour inverted Head and Shoulders

NIFTY HNS
  • NIFTY reacted from an inverted head and shoulders pattern
  • This price action can move till 5340 and higher.

TATAMOTORS reached target in one day

TATA MOTORS TODAY

TATA MOTORS YESTERDAY'S VIEW


  • TATA MOTORS if crosses 798 may give 815
  • if breaks the trend line can give 760.
TATA MOTORS exceeded the target and it has broken out of the daily triangle more upsides possible from here. A close above 816 will confirm the triangle break out today