Sunday, June 19, 2011

TATAMOTORS - A MultiBagger,Buy/Sell/Hold,Growth Pospects and Recomendation,News and Results,Target Price and Analysis,Views and Outlook

TATAMOTORS closes  at 980.95  with a fall   of -0.30%  on 17 June 2011 with formation of Long Black Candle  on Daily  Price Chart. Technically TATAMOTORS  is  looking extremely sliggish  on  Daily Charts. Major Momentum Indicators are Showing Weakness on Daily Price chart.W% R is Cooling-Off From its higher levels along with RSI, Buyer-Seller Force Index & PZO. Market Makers has Trapped here the Panic Traders at higher levels.
We Recommend to SELL  -  TATAMOTORS at  CMP
Target- 946.70/907
Stop-Loss – 1009
Time Frame- 5-10 Trading Days
Editor’s Note : This Article is written by Vina S Singh, Senior  Chartist at , which is a Technically Based quant Research Firm, M/S Durgapur Holdings in Durgapur, West Bengal, India that covers all Stocks, trades at NSE. We use Ami Broker Charting Software. You can reach the Chartist here .
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