June 27, 2012

TATA STEEL Chart Analysis


  • Tata steel has a hammer pattern in daily chart and need to close above 20 Day SMA and above the hammer with good volumes to confirm an effective hammer pattern.
  • Daily stochastic is moving down so one has to wait for the above confirmation.


By at

2 comments:

  1. BuntyJune 27, 2012 at 12:14 PM

    Hi San,

    Some people are reporting diamond formation on Nifty chart (which is bearish in nature), can you please confirm it ?

    ReplyDelete
  2. SanJune 27, 2012 at 2:24 PM

    @Bunty
    I haven't seen a diamond pattern yet on nifty. If there is any i will update it.

    ReplyDelete

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