March 7, 2011

TATA STEEL Technical analysis

  • Tata Steel is trading close to its support and resistance line.
  • Line chart of daily time frame shows price taking support at higher levels. So one can expect an upper breakout to happen.
  • If the supporting trend line gets broken on closing basis we can expect good correction in this stock.
  • BANK NIFTY TECHNICAL ANALYSIS

1 comment:

  1. This is kind of off topic, but I posted some cool whale pictures I took today in Honolulu. Also posted copper charts and copper inventories. Did you know that inventories were rocketing upward at the same time the price was rocketing upward. Makes you say....hmmmm

    http://oahutrading.blogspot.com/

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