September 29, 2015

Tata Steel trend update

  • Trend of tata steel remains strongly in favour of bears But for bulls there is hope in 190 levels. Month chart shows price holding on to this level so far But there isn't any signs of strength yet which is a sign of worry for bulls.
  • There is positive divergence but the bounces are small and new lows continues to be formed. 190 levels if not protected will be big negative event for bulls of Tata steel. 

1 comment:

  1. Hello,

    I wanted to invest in tata steel near 200 level. But I missed it. I still want to invest in it. But I am looking for a good entry price. What do you think? What is the target of this short-term uptrend? The monthly trend is down. Will it resume downtrend any time soon or repeat Aug 2013?

    It would be great if you give some update on tata steel.

    Do visit Your comments/suggestion are welcome.