July 18, 2016
- Tata Steel is moving up from its long term support of 190 levels. Price in weekly chart is out of another bullish pattern. Daily chart has a golden cross in place. There can be corrections in between But an up trend is clearly in place. Next big hurdle for this up trend will be the falling resistance line from 737 as shown in chart 2. For a bigger up move price must move above this line.
- PREVIOUS UPDATE ON TATA STEEL WITH LONG TERM SUPPORT