Analysis says that it has happened two times before that this stock gives confirmation before rising up.
And you can see that today it also gives a confirmation like before.
there are divergence as you can see in earlier analysis that was done on 28 feb.
TATA COFFEE ANALYSIS 28 FEB
Shashank / Mr Seth --I do not find a buy at current levels, primarily because price is below 20 day moving average which means momentum is now over.
ReplyDeleteThe 200 moving average is still below price hence Rs 1410-1400 levels are going to be interesting to check for any bounceback towards Rs 1600.
Today this stock performed very well as per our expectations.
ReplyDeleteWe should watch it tomorrow also...
today's achievement 30 points...
opened @ 1469
closed @ 1494