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1. 4TH September 2012
DAILY CHARTIST
VIEW

2. HIGHLIGHTS
TODAY WE HAVE IDENTIFIED TWO PATTERNS ON CHART.
BUY TATA MOTORS ABOVE 250 FOR A TARGET LEVEL OF 285.
TATA MOTORS IS MAKING INVERTED HEAD & SHOULDER ON
DAILY CHART
BUY SBI ABOVE 1850 FOR TARGET LEVELS OF 1920 AND 2000.
SBI IS MAKING FALLING WEDGE ON HOURLY CHART. THIS
PATTERN WILL ACHIEVE A BREAK OUT ABOVE 1850
PAST PERFORMANCE:
YESTERDAY’S BUY CALL OF SBI MADE A HIGH OF 1865

3. TATA MOTORS- INVERTED HEAD & SHOULDER
BUY ABOVE 250 FOR TARGETS OF 265/285 SL 235
TATA MOTORS IS MAKING INVERTED HEAD AND
SHOULDER ON DAILY LEVEL. ITS CURRENT CMP IS 230
AND BREAKOUT WILL COME AROUND 250. ONE CAN BUY
ABOVE 250 FOR TARGETS OF 265/285. STOP LOSS IS
RECOMMENDED AT AROUND 235.

4. SBI – FALLING WEDGE
BUY ABOVE 1850 TGS 1920/2000 SL 1790
SBI BUY CALL GOT EXECUTED AND MADE A HIGH OF 1864.
THIS POSITION SHOULD BE HOLD WITH RECOMMENDED SL
FOR REMAINING TARGETS
SBI IS MAKING FALLING WEDGE ON HOURLY CHART.IT WILL
ACHIEVE BREAKOUT ABOVE 1850. ONE CAN BUY ABOVE THIS
LEVEL FOR TARGETS OF 1920/2000. A SMALL STOP LOSS IS
RECOMMENDED AT 1790

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