Thursday, April 4, 2013

TATAMOTOR on short term reversal

Hi friends, look at TATAMOTOR, I am interested  with a small stop loss of today's(04/04/2013) low 255.7, CMP 260.8. There is a good reversal combination for short term (hardly 2-3 days) on daily and hourly chart. Where it is trading at it's daily demand zone and on hourly chart RSI has formed positive divergence with three swing high on RSI reading!!!! Very rare short term reversal pattern. Have a happy trading.