Thursday, May 26, 2011

Stock Outlook: Tata Chemicals

On the daily charts, Tata Chemicals seems to be retesting the breakout (in Mid April) from the resistance line.
A successful breakout from the 'Flag and Pole' formation should be a positive trigger for it.
The RSI and the Stochastic indicators too point towards a breakout.
Refer to the chart for price specifics.

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