April 25, 2014

TATA Steel Inverted head and shoulders

  • Tata Steel daily chart is nearing crucial resistance zone between 431 and 435
  • Weekly time frame has a Bullish Inverted head and shoulders pattern.
  • For the Immediate term price has to stay above the up trend line shown in chart to avoid a short term correction. Longer term charts looks bullish. 
  • ADANI POWER CHART ANALYSIS
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