September 30, 2013

TATA Steel chart analysis

 
 
  • Tata Steel daily chart shows weakness as price trades below 20 Day SMA and 23.6% Fib level.
  • Weekly chart shows price trading below 5 Week High EMA.
  • For this week price should hold above 283 levels to avoid further correction. Below 283 price may fall towards its 20 Week SMA. Strength only on a weekly close above 300 which is the week High EMA.

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