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Tata Motors breaking support

 
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Author Tata Motors breaking support
sonshu101
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Joined: 24 Nov 2011
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Post: #1   PostPosted: Fri Jul 27, 2012 12:42 am    Post subject: Tata Motors breaking support Reply with quote

Hi,
As per charts TATA Motors has again broken support today. If not able to close above 210-211 levels then i think one can short for for positional target of 190-193 levels.
See charts attached.
Comments expected Smile

Thanks,
Sonshu



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sonshu101
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Post: #2   PostPosted: Fri Jul 27, 2012 1:04 am    Post subject: Reply with quote

Even Tatasteel just broken flag pattern for more lower targets. If some pullback comes then as far as its below tren line one can short positional.


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sonshu101
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Post: #3   PostPosted: Fri Jul 27, 2012 1:20 am    Post subject: Flag pattern in making for SBI Also :) Reply with quote

SBI Forming flag pattern. Will be interesting to watch which way it breaks. One can plan trade accordingly. wait for 5-7 more sessions for clear view.
Charts attached.

Thanks,
Vivek



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sonshu101
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Post: #4   PostPosted: Fri Jul 27, 2012 1:29 am    Post subject: ICICI Reply with quote

ICICI still trading above breakout. If this support holds then 1000 levels can be seen. Buy above this trend line Smile

THanks,
Sonshu



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jdpt
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Post: #5   PostPosted: Fri Jul 27, 2012 11:34 pm    Post subject: Reply with quote

Dear sonshu, good going keep it up. sheep



My Best Wishes with You. thumbup

JDPT batman
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sonshu101
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Post: #6   PostPosted: Sat Jul 28, 2012 3:32 pm    Post subject: Reply with quote

Thanks jdpt Smile.

Update on Tata steel.

Recovered a bit but still bearish below flag pattern. Good entry point.

Test of 385 again looking more likely Smile

Attached charts for reference.



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sonshu101
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Post: #7   PostPosted: Sat Jul 28, 2012 3:38 pm    Post subject: Reply with quote

SBIN update:

Support on lower end on flag pattern.
Buy around 1900-10 with sl below 1890.

If broken 1900 convincingly then next support around 1800.


Chats attached



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