20 points gain in Tata Motors

News on tata motors


Tata Motors however disappointed by paying Rs 95 crore versus Rs 136 crore in advance tax payment for sept quarter ...

In a bid to retire debt on its balance sheet, Tata motors  is all set to raise almost Rs 3,700 crore by issue of shares with differential voting rights, reports CNBC-TV18’s Swati Khandelwal Jain.

This is a part of the company’s plan to raise USD 1 billion to retire debt which currently stands at over Rs 20,000 crore.

http://www.moneycontrol.com/news/cnbctv18comments/tatamotorslooksatraisingrs3700crviadvrissue_484789.html

the sales were down 6% at 85,114 units versus 90,646 units, MoM. August JLR global sales were at 16,220 units, reports CNBC-TV18.

Concern ......Performance is going down ...company paying  below than expected advance  tax for the quarter ...is going to raise money any how ...by any means ..so why they all are asking you to hold your Tatamotors shares ....????


Today's Crucial Levels 
953>><<964>><<989>><<<1001>>><<1016>><<1044>><<1064


Tata motors chart ...

Rakesh (9/15/2010 12:53:57 PM): Cover kitne par karna hai
dhanvarshagroup@ymail.com (9/15/2010 12:54:27 PM): 1055 ka short na
Rakesh (9/15/2010 12:54:53 PM): Ya
dhanvarshagroup@ymail.com (9/15/2010 12:55:49 PM): 1034 level hai 1035.10 laga do 
Rakesh (9/15/2010 12:57:21 PM): 1035.10 laga diya hai
dhanvarshagroup@ymail.com (9/15/2010 12:57:42 PM): ok
dhanvarshagroup@ymail.com (9/15/2010 1:52:45 PM): check traded kya
Rakesh (9/15/2010 1:55:15 PM): Cover ho gaya hai

Tata motors daily chart Bearish engulfing candle in highly overbought zone...fell more than 2.5 %with heavy volumes ..MACD  diverged  ..money flow index RSI ,w% R . GMMA pointing to south west and over and above the news ..

F& O Chart 

A bearish engulfing candle occurs after a significant uptrend. Again, the shadows need not be surrounded. Below you will find an illustration of a bearish engulfing candle:

The power of the engulfing candle is increased by two factors -- the size of the candle and the volume on the day it occurs. The bigger the engulfing candle, the more significant it is likely to be. A large bullish engulfing candle says the bulls have seized control of the market after a downtrend. Meanwhile, a large bearish engulfing says the bears have taken command after an uptrend. Also, if volume is above normal on the day when the signal is given, this increases the power of the message.

Candles belong to the category of leading, rather than lagging, indicators. For example, a moving average is a lagging indicator -- it shows trend change after it has already taken place. By contrast, a candlestick pattern leads the market. It warns in advance that a reversal may be happening. When that warning is subsequently confirmed by moving averages, it often provides a powerful trading signal.

You can ask me for free E- book on candle sticks and its patterns by sending mail to me.