November 8, 2012

TATA Motors Weekly Triangle pattern


  • Tata motors weekly chart shows a triangle contraction. Sustaining outside the contraction lines should give bigger moves for the stock.
  • Last chart shows immediate levels which should be taken out on closing basis for a bigger move to happen.
  • 38.2% Fib level and 20 Week SMA are crucial for bears. For bulls its the 23.6% Fib level and 289 levels.
  • DOW JONES WEEKLY RISING WEDGE
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