May 29, 2013

TATA STEEL Chart analysis

  • Tata Steel nearing range top in daily chart.
  • Price also near 23.6% Fib level near 329 levels and Testing 5 Week High EMA at the current levels.
  • Price need to to a convincing close above 330 levels for a bigger up move to follow. Any weakness in daily chart could lead to a sell towards range bottom.

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