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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


Posted by San at 7:45 AM

6 comments:

ram said...

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

REGARDS,
V.RAMESH

September 5, 2012 at 8:11 AM
ram said...

DEAR SAN,

WHAT ABOUT DEATH CROSS OF TATAMOTORS, PLS EXPALIN.




September 5, 2012 at 8:13 AM
nifty.sense said...

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

September 5, 2012 at 9:54 AM
San said...

@ram

Thanks for your comment.

I will try to do a post on Tata Motors Tomorrow

September 5, 2012 at 3:56 PM
San said...

@nifty.sense

Thanks

September 5, 2012 at 3:56 PM
ram said...

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

September 5, 2012 at 9:54 PM

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