Tuesday, December 31, 2013

Tata Motors going downhill ?

Tata Motors is giving a bearish Pole-flag formation, and also a triple top on daily chart near 378-378.5.

A short trade has a very good risk: reward ratio. First target for the short can be 367-368 cash, and a close below 365 can take the stock all the way to 325.

 

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