As for individual stocks which gave initial signals of fatigue is TATA MOTORS.
Today the stock has formed what we call a 'Bearish engulfing' candle stick pattern. The pattern suggests a break to the ongoing uptrend and signals of fatigue.
Investors who hold this stock may want to book profits and keep some money in the bank !
A break below 700/- will be treated further negative.
(Incidentally - My Basic Fundamental Analysis (yes you read it right) course is scheduled on Sat 5th Dec. More information - www.investogyan.com)
Happy profit booking !
CA Rajiv D Khatlawala
ValueTrade Academy Pvt Ltd.
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