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Friday, 15 March 2013

EQUITY VIEW

Tata motors Update:

stock constantly dipping from 300/10 band. Which means, no upside can be see until it trades below the same. Similarly such resisted action can push it constantly down to important support band 285.8/89.
==>> Volume action above 310 can only allow any further rise in the counter.
==>> Volume breakdown below support can force it to test recent bottom 268/70....which will be crucial from mid-term trend's point of view. Breakdown can bring in free fall upto LONG TERM TREND LINE SUPPORT + RET. COMBINATION ZONE 250/255.

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