- First chart is the weekly time frame with the up trend line from 4770 levels. MACD is threatening to give a sell signal But the sell signal may do well only on a trend line break otherwise we may see new high's soon.
- Other charts shows price testing Lower bollinger band and 50 Day SMA Trying to stop the correction. Sustaining above 5940 an up move is possible. Closing the day below 50 SMA and 5940 will further strengthen nifty Bears.
- TATA STEEL CHART ANALYSIS
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