After yesterday's bullish move, now the stock has a resistance at 200.50. If it can cross 200.50 on closing basis, chances are that in short/ medium term it will make a move to 240.50. Last 8/1 support is at 140
I hope the worst is over for Tata Motors having dipped below 8/1 support in the course of the day's proceedings. 182 is the support of 8/1 line and it is hoped it has only one way to go now, northward.
Presently bearish and is treading below the angle of influence of 32 month’s chart. HPCL is likely to consolidate till Nov. 2nd. If it crosses 251-254 on closing basis in the interim period, it has to cross 265 first. Intermediate/ long term target in that case will be 372.