Technical Analysis:Tata Steel,Tata Motors and Tata Global

By | July 16, 2013

Tata Steel

Tata Steel

Tata Steel has been falling like 9 pins,stock has been a worst performer in Nifty 50. Stock is trading a crucial Fibo number of 254. Any close below it on closing basis can see stock pulling back to 233 odd levels,Holding 254 can see a bounceback till 288 odd levels.

Buy above 261 Tgt 264,268 and 273 SL 258

Sell below 251.8 Tgt 248,245 and 242 SL 253.5

Tata Motors

tata motors

Telco is unable to close above its downward falling trendline,consolidating near its 100 and 200 DMA, also formed an inside day pattern. So we can see a big move in coming 2 sessions.

Buy above 289 Tgt 291,294 and 296 SL 288

Sell below 285 Tgt 283,280 and 277 SL 288

 

Tata Global

Tata Global

Tata Global is on verge of giving a breakout, as seen in above daily chart.Positional traders needs to see a closing above 157, Unable to close above 157 will see stock pulling back till 144.Above 157 short term target of 178.

Buy above 155 Tgt 156.4,158 and 160 SL 154

Sell below 152 Tgt 150,148 and 146 SL 154

Stock Performance Sheet for the Month of June is Updated @http://tradingsystemperformance.blogspot.in/  Net Profit for the month of June is .68 Lakh

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