It is forming multi years top with Head & Shoulders pattern. Now it is making right shoulder in weekly chart. In daily chart it has given breakout by closing above 314 of 15 weeks Head & Shoulders - Bottom Pattern and 5 month Ascending triangle Pattern. Trade long with stop loss of 310 for target of 349-359.
Monday, August 26, 2013
Monday, August 19, 2013
ACC
It has been making Top with 14 months Head and Shoulders - Top pattern. And breakdown of 4 years trend line support. Neckline is at 1100. Pattern will be confirmed if it gives weekly closing below 1100. Target 850.
Sunday, August 11, 2013
Tata Motors
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