Tata steel inverted head and shoulders updated

• TATA STEEL breaks out of an inverted head and shoulders in hourly chart
• But the road ahead is not going to be easy.
• The stock has to cross multiple resistances in hourly chart.
• 477, 485, 492 and then the double top at 503. Double top can be seen in line chart.
• So a trader can make use of these levels. For medium term the stock is still in down trend. The daily chart shows the stock below its 200, 20 and 10 day sma. So the stock should show some more bullishness for a buy and hold type of trade.