A Possible inverted H&S pattern is getting developed. Too early to say, but if the price re-bounce from 770 levels then the pattern will get completed.
Looks like a formation of H & S pattern, currently in Neck line support of around 924. Need to wait for confirmation whether the pattern formation holds true or not.
TATA Coffee has now crosses and sustained 50 day EMA. Now the next hurdle is a TL resistance. Good value stock and Recovery of kerala floods should push the stock towards 145 levels.
Amarajbat is at 30 day EMA, whereas the TL support is around 820-830 levels. Need to wait and watch how it behaves. The Auto stocks will be in focus on monday(03rd Sept) due to sales numbers that released on Saturday. Close Watch on this scrip.
