May 31, 2012

TATA MOTORS High Volume breakdown


  • Tata Motors daily chart shows price breakdown with increasing volume.
  • 255 - 256 level was crucial support level. Having given a breakdown from this level it will act as resistance from now on.
  • Stock may continue to move down towards the golden ratio or 50 Week SMA shown in the last chart in the coming weeks.


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1 comment:

  1. nifty.senseMay 31, 2012 at 10:45 AM

    NICE CHART SIR....

    I HAVE UPLOADED TATA MOTOR CHART TOO...VISIT
    http://niftysense.blogspot.in/

    ReplyDelete

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