Thursday, December 22, 2011

Tata Motors: Waiting for breakout




90% I am bullish, 10% I am not.

We have seen a bullish crossover in MACD, where we have seen 2 main possibilities for buying. I can blindly buy, but I am waiting for “c”. If we see a positive breakout then it is a potential buy. I have not willing to take a risk as it is my 1st time playing with “Symmetric Triangle”

We have seen a potential crossover
MACD: we have seen a positive crossover
MACD: zero line/centre line crossovers