August 1, 2012

TATA Motors chart analysis



  • Tata motors near daily resistance line.
  • Price also near 50 and 200 SMA which are ready for a bearish cross. 236  -  237 levels may act as strong resistance.
  • For Price to extend the up move it has to sustain above 50 Week SMA , 50% Fib level and the resistance zone of 236 - 237.


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