Tata Motors daily chart

 

 

 

In the recent times Tata Motors had lost heavily but now there are signs of reversal. Tata Motors tested its major support at Rs.284 and bounced back. Now it has filled this gap and traders can initiate long if it closes above Rs.310.

 

 

Nifty medium term trend

 

Trend	UP
Initiation Date	29-11-12
Initiated at	5825
High since change	6101
Reversal if closes below	5800

 

 

Thought for the day

 

When a man looks at the ocean, he can only see that part of it which comes within his range of vision; so it is with the truth.