Tata Tea - Confusing Signals

I dont like what I am currently seeing in Tata Tea. A lot of mixed signals.

1. The OBV is on the negative side indicating that most of the existing shareholders have changed in the past few months or the older shareholders are selling it in this rally.
2. The price chart indicates that it has reached its support levels and the next price will be determined by the next set of movement, whether up or down. If it falls below 740 on decent volumes, the stock is weak and one get out of it. A price above Rs.790 is bullish on this stock.
   
3. The recent news on Tatas increasing their stake by diluting shareholders equity was a dampener. I would have wished they increase by buying out existing shareholders than an issue of fresh stock.
4. The recent news from Tata Coffee and its own purchase of bottled water is the only good news. These purchases will take time to show in their books.
   

Stock is at a nice time!! Enjoy investing