Technicals Levels to trade:Reliance,Tata Coffee

By | September 6, 2011

It is emotion that creates movement in the market. Of course, few people really want to admit that most of their decisions are emotionally based and emotionally driven rather than rationally based and rationally driven.

TATA Coffee

TATA Coffee was trading in the range of 688-765 ,today it showed a breakout with volume.

Stock got resisted at 888 which is Laxman Rekha for the Stock.

888-894 is the zone of resistance above which it can see a breakout

Buy above 888 Tgt 898,916,947

Sell below 839 Tgt 820,807

 

 

Reliance

Today Showed its strength,One Stock moving the Index on Upside. RIL broke the Swing High of 813 and continued its upmove.

Looking at the above Daily chart RIL will now come to zone of Resistance between 830-838 levels.

Break of 838 will lead to Gap Filling at 860 odd levels. Pullbacks till 802-796 should be used to Buy in Stock for Short term Perceptive

Buy above 826 Tgt 833,838 and 847

Sell below 813 Tgt 807,792 and 796

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