Monday, October 10, 2011

Tata Coffee

                                                                     Tata Coffee daily chart (click to zoom)
 Tata coffee on daily chart has given breakout and now heading towards 950 in short to medium term.
Today it broke its 20 and 50 DMAs with huge volume on a news of its upcoming alliance with Starbucks.
trendline is also showing uptrend with stochastic and RSI in positive crossover.
Target should be 950 with stop loss of 840.
CMP as on today is 889.