TATA STEEL DAILY CHART
TATA STEEL DAILY CHART - II
- TATA STEEL is showing down trend in daily chart.
- It is close to its support zone at 520.
- The daily MACD is showing a positive divergence developing.But the down move may not have ended. The stock may test 520 levels before bouncing back to break the down trend line.
- If the down move from 540 levels to 520 levels is accompanied by the developing positive divergence we can take a long trade from 510-520 levels with 500 as stop loss.