May 1, 2012

TATA STEEL in a Range



  • Tata steel is trading in a range of 442 - 482.
  • For bulls of Tata Steel price must sustain  above 200 SMA and breakout above the resistance line shown in 2nd chart.
  • 3rd chart shows Bollinger band contraction with reducing volumes. Volume spike and closing outside the band may give good direction.
  • Last chart is the weekly chart with Bollinger band.  Price sustaining above 20 Week SMA should favor bulls of Tata Steel.


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