June 14, 2010

TATA STEEL Daily chart analysis

DAILY CHART


  • Tata steel's Force index is showing good positive divergence.
  • And the daily line chart has broken its channel.
  • Now a break out and close above the 20 day moving average should give some momentum towards the upside for the the stock.
  • For resistance levels of TATA STEEL IN HOURLY CHART CLICK HERE.

6 comments:

  1. San..
    hi..very good analysis..
    but chck thr is still not a trend reversal
    50-200 dma death cross occured..it could be serious..

    just add that chart(50-200) also in the above charts..

    whr is 20 dma price cmng up eod/rt

    ReplyDelete
  2. 20 dma @ eod
    I will add that chart. And i am expecting a reversal the reversal as you said has not happened yet

    ReplyDelete
  3. san

    can u add a 50-200 dma tisco with a larger TF..

    now as my chart nexus is on another machine..
    want to look in for a while as i m long ..will be exiting whn u load d chart..

    may i m asking too much:)

    ReplyDelete
  4. @MANU

    Death cross is updated in daily time frame. It is yet to happen.

    ReplyDelete
  5. thnx pa ji..

    ur new name fr me is chart sane frm anoop sane:)

    thnx a lot

    ReplyDelete