Short term trend is looking weak and it is likely to decline towards 35 levels in coming months if it fails to move above 46. Instead, if it moves above 46, then it is likely to rally towards 55.
In the long term if it fails to move below 30, then it is likely to test 55 in another 1 year.
Saturday, February 27, 2010
Short term and Long term Technical Outlook of TTML
In the short term it is likely to decline towards 18-19 levels and it likely to remain in downtrend till june. From that level, it is likely to see a rally for another 1 year with upside potential of 35 to 45 levels.
Exit this counter as long as it trades below this level with a stop at 25.
Exit this counter as long as it trades below this level with a stop at 25.
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