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TATA MOTORS inverce head and shoulder |
basbds2010
White Belt
Joined: 26 Feb 2010
Posts: 85
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basbds2010
White Belt
Joined: 26 Feb 2010
Posts: 85
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Post: #2  Posted: Wed Apr 07, 2010 3:14 pm Post subject: |
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| TATAMOTORS 820 CA enter @ 8.40
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fanatictrader
White Belt
Joined: 31 Aug 2009
Posts: 15
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| Post: #3 Posted: Thu Apr 08, 2010 10:55 am Post subject: |
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Well if I am correct, Inverse H&S pattern is more of a reversal pattern and is strong only after a downtrend. Tata Motors has been rising Mar 2009 and had been making higher tops and higher bottoms till Jan 2010. At this stage uptrend of stock is intact and breakout over 795 can take it to higher levels.
Happy Trading !!!
FT
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venkkatshiv
White Belt
Joined: 16 May 2008
Posts: 90
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| Post: #4 Posted: Thu Apr 08, 2010 10:57 am Post subject: |
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| basbds2010 wrote: | | TATAMOTORS 820 CA enter @ 8.40 |
DO U ADVISE TO BUY CA @ 8.40. OR SELL 820CA.@ 8.40. PL. ADVISE.
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basbds2010
White Belt
Joined: 26 Feb 2010
Posts: 85
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| Post: #5 Posted: Fri Apr 09, 2010 1:03 pm Post subject: |
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TATAMOTORS 820 CA made high 11.60 still i holding  )
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