August 9, 2012

TATA Steel Chart analysis

  • TATA Steel hour chart shows  a bullish pattern. But one look at the bigger time frame shows clear resistance at 416 levels. Daily chart shows a GAP and 50 Day SMA at this level.
  • So for tata steel strength only if price trades above 50 SMA and the GAP. Till then up moves can be sold.
  • TATA STEEL LIVE CHART WITH AUTO REFRESH


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