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Friday, 24 January 2014

TATAMOTORS ANALYSIS

After the breakout above 370 - Tatamotors has rallied upto 389. Holding of 379.4 is required for the upmove.

If it is the iv wave it should not go below 379.35 - i.e i.5 .
If 379 is broken then it is likely that the C down has started.
378.5 - 50 DMA 

Breaking of 379 - would place Tatamotors below the neckline of the inv H& S pattern.
Respecting 380 -  the target for inv h&S pattern approximately is 390++

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