September 5, 2012

TATA Steel chart analysis


  • Tata steel weekly chart shows price nearing channel support line. Support line for the current week is around 349.
  • Up move will be possible only if price moves above the broken 78.6% Fib level.
  • Daily chart shows price falling from head and shoulders pattern. Last chart shows positive divergence, For this one to work price must trade above 5 Day High EMA.
  • S&P 500 EOD UPDATE


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6 comments:

  1. ramSeptember 5, 2012 at 8:11 AM

    VERY DEDICATED GUY BOTH IN MARKET AND FAMILY.
    PLEASE , PLEASE YOUR DAUGHTER FIRST THAT IS PRIME IMPORTANCE.

    REGARDS,
    V.RAMESH

    ReplyDelete
  2. ramSeptember 5, 2012 at 8:13 AM

    DEAR SAN,

    WHAT ABOUT DEATH CROSS OF TATAMOTORS, PLS EXPALIN.




    ReplyDelete
  3. nifty.senseSeptember 5, 2012 at 9:54 AM

    dear san.... very nice display...

    ReplyDelete
  4. SanSeptember 5, 2012 at 3:56 PM

    @ram

    Thanks for your comment.

    I will try to do a post on Tata Motors Tomorrow

    ReplyDelete
  5. SanSeptember 5, 2012 at 3:56 PM

    @nifty.sense

    Thanks

    ReplyDelete
  6. ramSeptember 5, 2012 at 9:54 PM

    Dear san,

    Donot say it as comment. I am not selfish to say that. I am father for Two nice daughters. Thats why i told sir.

    regards
    V.Ramesh

    ReplyDelete

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