July 18, 2012

TATA Motors Chart analysis


  • Price has closed below 200 Day SMA.
  • MACD has given another sell signal in daily time frame.
  • Things will be worse for bulls of Tata motors if price starts to trade below 50 Week SMA and 217 level which are crucial support levels.
  • Below 217 stock may fall to 207 and 192 levels.
  • If 50 Week SMA and 217 level is held we may see an oversold bounce.
  • TATA MOTORS INTRADAY LIVE CHART


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