Saturday, September 4, 2010

Tata Motors ...some facts which could not be ignored

Tata Motors ...some facts which could not be ignored ...
- tata motors traded in range of 1010>><<< 1020  and closed at 1013 ....volume was less than 1 million which was 16 million 10 days back ...indicating that no one is interested in buying at this level ...meaning is clear that stock is overpriced ...it  was moved up Deliberately /intentionally /purposely by some so called tipsters for their own benefits...
-When the stock was  in highly overbought zone and all indicators were giving the signals to avoid fresh buying ..why buying calls were floating in market and channels and those intra day  buying calls generally  never achieved the targets and their stop loss was triggered ..booked loss na...???
-Now it is  completing elongated head and shoulder pattern and going to break 20 DMA ..probably on Monday ...if   done 20 DMA will act as very strong resistance ...for upside break out..
-MACD  fast already made death cross ...which is bearish one..
- MACD histogram is trading in red zone .
-RSI is falling which is bearish signal .
-momentum is decreasing
- Money flow index  fell down ..
-W%R is falling Which is bearish signal ..
so my request  to those so called gr8 tipsters is that please give technical reasons or fundamental reasons in support of your buy calls ...like I placed here ..or please spare the poor fellows .... why are u trapping them ...
 why are  you bringing down your upside targets..
or going defensive ...advising to hold them ...till 925 level ..... please think for those who bought it 1058.50 on your advise ..
are you willing to buy their stuff at only 1.5 point above it ...I mean to say at 1060.00 on Monday ?
I know You won't ..
- Friends my advise is  ..learn  and plan your trades   ..when and why to buy and when and why to sell ...?
or subscribe for professional advise ... he/ she will take care of your hard earned money ...
Fishing Can
To avail  gains on every trade  please subscribe for Dhanvarsha  Tips / advisory services( premium ) ..
Stocks ...Nifty ...futures / options...

solution is here ...
e mail      : kailash123p@yahoo.co.in

contact   : 9451659275,9452160309
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