December 3, 2013

TATA Motors chart analysis

  • Tata Motors daily chart shows a broadening pattern.
  • Weekly chart is trading near resistance line. Price yet to confirm any weakness and Weekly indicators yet to show a sell signal. So one has to wait to confirm weakness before going short.
  • stock trading above 405 - 410 zone on closing basis may negate the above bearish view.
  • GOLD Trend update