November 18, 2010

TATA STEEL support and resistance levels

  •  Fibonacci levels of tata steel shows support at 38.2 levels. Break and close below it again may push the stock down to 50% levels.
  • Line chart shows support for the stock at 588 and 576 and resistance at 668.
  • Line chart also shows price converging between support and resistance lines which can give a breakout in the coming weeks.
  • TATA STEEL HAD BEARISH ENGULFING IN WEEKKLY CHART

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1 comment:

  1. chandra shekharNovember 12, 2011 at 9:27 PM

    dear chart fails if human minds fail. Playing with tatasteel since last 7 years. There will no loss u can buy-sell at any rate. Wait for number for profit.

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