June 16, 2015
- There is no hope for Tata Steel bulls if one looks at the Weekly time frame. But Daily chart does show positive divergence developing for a possible trading bounce. Close above 5 Day High EMA may result in an up move. In daily too there is a trending down move going on below 5 day High EMA.
- Weekly time frame suggests more pain for bulls as it has broken below crucial support levels.
- PREVIOUS UPDATE ON TATA STEEL
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