After making low of 1.2706 USDCAD has stuck at small range, continuous selling pressure from upper side making price to form descending triangle pattern. Breakout is Below 1.2750 will take price to 1.2665 and further down. Stop loss will be above 1.2730.
As we can see in daily chart after a superb rally upto 1577, price has stuck in triangle. recently company has offered handsome dividend of rs 9.
now price is still getting strength and trading near lower level, above 1320 level will take price to the 1400 level soon, and above that level price will be unstoppable, and we can assume tgt of 1550 in coming months.
Tata motors Trading near most moving average(20,51,100). price is still getting tough support in lower levels. although profit booking in higher levels still put check to the price. price has trapped in channel after bounce back from bottom. so far 280 is still giving big support to the price, while 315 is giving miner resistance to the price and we can see in few...
