Tata Motors
In one of the last posts it was indicated that Tata Motors is trading between 285-310. It was also said that breakout below Rs.285 will lead to fall towards Rs.265. But now Tata Motors has once again bounced back from support level. As you can see in the above chart it has made multiple peaks at Rs.310. This is once again a make or break situation if it breaks Rs.310 it can reach previous peak that is Rs.330.
SBI
SBI has bounced back from trend line support. It has just started its uptrend and it will be in up trend as long as it is above Rs.2115.
Nifty medium term trend
| Trend | DOWN |
| Initiation Date | 29-11-12 |
| Initiated at | 5761 |
| Low since change | 5692 |
| Reversal if closes below | 5990 |
Thought for the day
A man may fall many times,
but he won’t be a failure until he says that someone pushed him .
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