TATA STEEL daily chart analysis

• The first chart shows tata steel breaking down from an upward moving channel.
• Came down from 700 levels to 470 levels.
• The stock is trading close to a trend line.
• It is showing positive divergence although there is no price confirmation of a reversal yet.
• The stock has to break the trend line and close above the 20 day moving average for a short term buying opportunity.
• CLICK HERE TO SEE NIFTY DAILY CHART ANALYSIS