Tata Motors

Tata Motors weekly chart

In the last week Tata Motors has closed above 20 WMA which is a bullish sign . Buy tata motors at cmp and hold as long as it is above Rs.540 target is around Rs. 600

Nifty

Nifty has bounced back from low levels and it has closed slightly above 20 WMA which is a bullish sign . If it closes above 8600 it has every potential to reach 8700-8800 and above . Wait for close above 8600 and then buy 8700 call option .

Nifty weekly chart

Nifty has breached channel support and after that there is a steep fall . The thickness of the channel is 600 points and since Nifty breached support at 8600 there are possibility that it will reach 8000 in coming days . Support level is at 8260 . If there is a sign of reversal in the trend it will be updated .

 

Nifty weekly chart

Nifty has continued uptrend after bouncing back from support level . It is likely to face resistance around 9000 . Once it closes above this level on weekly basis . It can form new high .

Havells

Havells is facing resistance around 280 where 20WMA is located . Wait for close above this level on weekly basis andthen buy aggressively . Sl will weekly close below MA .

 

Tata Sponge

Tata Sponge has bounced back and in the last week it has closed above 20 day moving average . Tata Sponge has started another phase of uptrend and it is likely to reach Rs. 820-850-880 in medium term . So buy Tata sponge at CMP and  if closes below Rs.700 on weekly basis then book loss ad exit the position .