Stock Market Chart Analysis
My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
May 8, 2013
TATA Steel Chart Analysis
Long should be cautious at these levels. Further longs can be added only on closing above 50 SMA and 23.6% Fib level.
Unable to close above 50 SMA and 23.6% Fib level means weakness. Falling below 5 Day High EMA may give shorting opportunities.
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