Thursday, May 15, 2014

Chart Analysis of TECH-M, RCOM and Tata Steel

Tech M - 1 Hr - Triangle:
Buy above 1852, T1 1928, T2 2051 SL at 1814
Sell below 1743, T1 1666.80, T2 1544 SL at 1781

Tech M - 1 Hr - IHNS
Buy above 1852, T1 1900, T2 1977, SL at 1827 (or last swing low - 1800)


RCOM - 30 Mins - -WW Pattern along with hammer:
Break Down below 127.80 (already triggered), T1 126, T2 123.10, SL at 128.70 (or 1-3-5 line

Tata Steel - Daily Chart
BO occurred in daily chart (will trigger in weekly chart if weekly close is above 432)
BO above 432 (occurred),Targets will be 468, 475,487.25,539,675, SL at last swing low i.e. at 388.10


Tata Steel - Daily Charts (Small IHNS):
Probable IHNS in making IF price do not make any fresh high (454.7) and should find support near 425.50 (probable right shoulder)

BO above 454, targets 465, 468, 482, 576 Keeping SL at last swing low before BO or 439

-WW Pattern will trigger if prices goes below 441 and close on daily basis.


Tata Steel - 15 Mins - Rising Wedge:
Sell below 450, T1 445, T2 436.75, SL at 452.55




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