1. DIYTechnicalAnalysis is a private community of traders and investors interested in building wealth from Indian equity market. You can become a member with a one time registration fee of ₹199. Click here to become a member

Tata global beverages.

Discussion in 'Technical Analysis' started by AjithaPriyasi, Dec 19, 2013.

  1. AjithaPriyasi

    AjithaPriyasi Member

    Joined:
    Nov 14, 2013
    Messages:
    29
    Likes Received:
    5
    Hi Shabbir,

    Could you please provide your comments of TATA GLOBAL.

    It has taken support at neckline of H & S pattern also coinciding with RSI support at 40.
    The stock was hammered in spite of good results . And it seems to be recovering now.

    [​IMG]

    Regards,
    Pavan
     
    AjithaPriyasi, Dec 19, 2013
    Share #1
  2. vishuhd1

    vishuhd1 Member

    Joined:
    Sep 1, 2012
    Messages:
    214
    Likes Received:
    15
    Occupation:
    Software Engineer in IBM, Bangalore
    This will also make a beautiful W pattern, if this manages to close above 150 levels.. This could really be a good pick for the near term.. Thanks very much.. :)..
     
    vishuhd1, Dec 19, 2013
    Share #2
  3. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,703
    Likes Received:
    1,940
    I believe buying above 150 is preferred as what VISHWANATHA said.
     
    shabbir, Dec 19, 2013
    Share #3
  4. AjithaPriyasi

    AjithaPriyasi Member

    Joined:
    Nov 14, 2013
    Messages:
    29
    Likes Received:
    5
    Thanks Shabbir and VishwaNatha for your comments.
     
    AjithaPriyasi, Dec 19, 2013
    Share #4
  5. vishuhd1

    vishuhd1 Member

    Joined:
    Sep 1, 2012
    Messages:
    214
    Likes Received:
    15
    Occupation:
    Software Engineer in IBM, Bangalore
    This stock managed to close at around 153 levels today.. This will be an awesome pick for very near term.. Targets 160-170-180... SL would be 150...
     
    vishuhd1, Dec 21, 2013
    Share #5
    masihpatel likes this.
  6. AjithaPriyasi

    AjithaPriyasi Member

    Joined:
    Nov 14, 2013
    Messages:
    29
    Likes Received:
    5
    Yes . There is resistance on weekly chart at 160.
     
    AjithaPriyasi, Dec 24, 2013
    Share #6
  7. myidgmc

    myidgmc Member

    Joined:
    Dec 7, 2013
    Messages:
    105
    Likes Received:
    6
    Hi Shabbir,

    can i still enter @cmp 163 with SL:155 for target of 180?

    Thanks.
     
    myidgmc, Dec 26, 2013
    Share #7
  8. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,703
    Likes Received:
    1,940
    Don't see a stop loss of 155 and ideally it should be 142 which does not make a good ROI
     
    shabbir, Dec 26, 2013
    Share #8
  9. yankeedin

    yankeedin Responder

    Joined:
    May 3, 2012
    Messages:
    218
    Likes Received:
    90
    buy in daily as well as weekly charts

    Looking at weekly chart, looks like a buy if it consolidates above 175 for target of 240 with sl of 140

    Daily chart suggesting buy at cmp with sl of 160. Kindly share your views
     
    yankeedin, Jun 29, 2014
    Share #9
  10. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,703
    Likes Received:
    1,940
    Exactly but weekly charts means, you are buying for 1 year+ range if not more.
     
    shabbir, Jun 30, 2014
    Share #10
    shwetagnema likes this.
  11. yankeedin

    yankeedin Responder

    Joined:
    May 3, 2012
    Messages:
    218
    Likes Received:
    90
    Thanks Shabbir, Got your point.:)
     
    yankeedin, Jun 30, 2014
    Share #11
  12. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,703
    Likes Received:
    1,940
    :)
     
    shabbir, Jun 30, 2014
    Share #12
  13. vankudrevakil

    vankudrevakil New Member

    Joined:
    Feb 11, 2013
    Messages:
    40
    Likes Received:
    2
    Occupation:
    advocate
    tata global target 260 SL 135. CMP. 172.80
     
    vankudrevakil, Jun 30, 2014
    Share #13
  14. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,703
    Likes Received:
    1,940
    I would keep SL as 160ish
     
    shabbir, Jun 30, 2014
    Share #14