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


By at

3 comments:

  1. Nilesh PatilAugust 30, 2012 at 7:56 AM

    Thank You San sir,

    ReplyDelete
  2. Swami ShivkumaarAugust 30, 2012 at 9:18 AM

    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
  3. SanAugust 30, 2012 at 10:27 AM

    @Swami Shivkumaar
    Thanks for the comment.

    ReplyDelete

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