October 1, 2010

TATA STEEL hits resistance

  • Tata Steel hits resistance exactly at the levels MENTIONED IN THIS POST.
  • Daily chart is also showing negative candlestick pattern like an inverted hammer or a shooting star.
  • S one can expect positive movements for bulls only if the stock closes above 660 levels.
By at

2 comments:

  1. ramsfmOctober 1, 2010 at 9:55 AM

    Dear San,
    Is it adviceble to short TATASTEEL at 660 with SL of just 5 points at 665 ?
    Thanks,
    Ramesh.

    ReplyDelete
  2. SanOctober 1, 2010 at 11:02 AM

    ramsfm

    The short trade i have suggested has already achieved its goal. Now if the stock is to come back to that level it may give a breakout too. Please combine the strength of Nifty also before taking a decision

    ReplyDelete

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