Technical Analysis of Indian Equities by Nooresh

TCS can crack below 775 , Tata Motors can shoot up above 817.

TCS :

Technically the stock is losing momentum.

A sustaining move below 775-780 could see the stock going to 745/720 also in extreme short term.

TCSchart

TATA MOTORS :

A nice triangle pattern which gives a possible move of 5-8% in extreme short term.

Watchout for a move above 815-817 or below 760-765 for a confirmation.

TataMotors

Article by Nooresh Merani

Nooresh has written 2556 articles.

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{ 1 comment… add one }
  • mansukh April 23, 2010, 09:31

    i like your tip but i have not capable to buy stock becasue of i washed my all money 21k market if you help me.

    Reply

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