October 8, 2012

TATA Steel chart analysis



  • TATA Steel daily chart shows an inverted head and shoulders pattern.
  • For bulls this pattern will be effective once price crosses the unfilled GAP  and 200 Day SMA. This is also the place for Golden ratio. So crossing this level will be difficult But once crossed on closing basis we can see bigger moves.
  • Another fall below 1400 will be negative.
  • BANK NIFTY WEEKEND UPDATE
-->

No comments:

Post a Comment