August 30, 2012

TATA Steel chart analysis


  • Tata Steel daily chart shows a Head and shoulders breakdown.
  • Weekly chart shows price violating crucial support at 382.
  • Bulls of tata steel badly need an intra week rally to close the week above 382.
  • Next major support at 331 levels. 78.6% at 367 levels may act as a support.
  • NIFTY WEEKEND UPDATE


3 comments:

  1. Dear San,
    Thank you very much for your analysis. Your suggestion on DLF is amazing. It never broke 220 and now it corrected 10% as suggested by you. Also your analysis suggested Hindalco a close below 110.20 will take to 105. same happened. Amazing analysis. Thank you once again.
    Sivakumar S

    ReplyDelete