Tuesday, June 04, 2013

Tata Motors - Technical Update

  1. TML is forming a rising wedge.
  2. We can spot a HnS too, marked on the chart.
  3. We have broken out from the NL, and we are consolidating above it, this is a bullish sign.
  4. We have first target zone 338-345, but we need the broad markets to support it.

3 comments:

  1. i am going to buy this level ? is the stop loos.

    ReplyDelete
  2. Hi, i find your blog very interesting. I use Elliot Wave on Nifty and post it on elliottwaveindia.blogspot.com. Can you include my blog in your blog roll and ill include your's as well. You can get in touch with me on [email protected]

    ReplyDelete
    Replies
    1. Sure that's a good proposition. I am currently out of markets due to a personal emergency, I will do the needful once I return.

      Delete

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