Wednesday, May 8, 2013

0006TitanInd08May2013 – A weak trend

Please note that the bullish trend has considerably weekend in the last couple of trading sessions. Also, the stock is at a resistance level of 275-277. All bulls need to be cautious with a tight stoploss of 275. Another thing about bollinger, which I have realised is that the moment the scrip falls after a breakthrough the roof, its a good indication of a weakening trend.

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