Tata Global is one stock that has frustrated traders
and investors like crazy. It has been more than 2 years now that stock
has done nothing except hanging on to 100 week moving average.
Here’s the Weekly Chart
Based on the chart above: there are two observations one can make -
1. The stock has a well defined resistance at 175. Sooner or later – stock will break that level
2. The stock has always defended 100 week moving average on the downside.
Based on the above two observations – One can Go Long between 152-155 and Hope that eventually stock will break past 175. The stop loss should be below 150 on closing basis.
Here’s the Weekly Chart
Based on the chart above: there are two observations one can make -
1. The stock has a well defined resistance at 175. Sooner or later – stock will break that level
2. The stock has always defended 100 week moving average on the downside.
Based on the above two observations – One can Go Long between 152-155 and Hope that eventually stock will break past 175. The stop loss should be below 150 on closing basis.
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