February 26, 2011

TATA MOTORS Trend line touch

  • Tata motors touches the trend line in weekly chart.
  • Not only price touches the trend line it also touches the 200 day moving average.
  • We can see some action in the coming days. Price breaking below 200 dma will give good short trade.
  • For now 200 dma and the trend line has held. If price sustains above these important levels we may see good up move in the coming days.

No comments:

Post a Comment