Tata Steel breaks support line

• Tata steel line chart looks bearish as the stock has broken down from a channel.
• This can also be a bearish flag pattern in daily chart.
• Below 500 tata steel stock will face selling pressure.
• If the bulls need to come back the stock should trade convincingly above 510. Then the pattern will become a busted pattern which can give a rally on the upside.
• For now any rally will face resistance at 510. Below 500 bears will be very safe to hold on to their short positions.
• LIVE INTRADAY CHART FOR TATA STEEL