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TATA Global Bevarages

Discussion in 'Technical Analysis' started by sujan4bw, Aug 1, 2012.

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  1. sujan4bw

    sujan4bw Member

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    Again took position in TGB.
     
  2. aveerareddy9

    aveerareddy9 New Member

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    it is rocking today ... 163.20
     
  3. chequesuraj

    chequesuraj Member

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    Sujan,

    Should we be in 170 CE for this week if it opens tomorrow above the today's close or 162+?

    suraj
     
  4. sujan4bw

    sujan4bw Member

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    Suraj...Im not really sure about your strategy and risk levels.

    I would just if you are already in profit.....please make sure you square off by the end of this week.
     
  5. sujan4bw

    sujan4bw Member

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    Starbucks has opened its first store in India with TATA GLOBAL partnership in an historic building in south Mumbai.

    Should see how stock behaves next week with startegic partnership with Starbucks.
     
  6. vishuhd1

    vishuhd1 Member

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    Occupation:
    Software Engineer in IBM, Bangalore
    Guys..
    Any idea why this stock price is coming down everyday?... Is it because of profit booking and squaring off of the Oct futures or the stock is too tired to go beyond 162 or 163 levels?.. Pls share some light on it.. Thanks..
     
  7. verenmitter2001

    verenmitter2001 Member

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    yes Even I am concerned . .
    Shabbir kindly comment on this stock as I entered into it at 162.

    Regards
    Veren
     
  8. sujan4bw

    sujan4bw Member

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    Today October series expiry, so ppl squaring off Oct series contracts. Be cautious its results will be declared on 31st Oct.
     
  9. shabbir

    shabbir Administrator Staff Member

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    If you got into the stock technically, finding reason for downside is not right. Technically it should be forming a pattern now after a breakout above 138
     
  10. verenmitter2001

    verenmitter2001 Member

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    Yes you are right Shabbir. Thanks for the guidance.
     
  11. shabbir

    shabbir Administrator Staff Member

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    The pleasure is all mine.
     
  12. m_padmakumar

    m_padmakumar Member

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    TGB has formed double bottom. Can we enter above 134 with SL 124?

    Thanks
     
  13. shabbir

    shabbir Administrator Staff Member

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    Yes but wait for couple more trading sessions to confirm the bottom.