March 3, 2015

Tata Steel Chart analysis

  • Death cross is Tata Steel Daily chart continues to be effective. Price sustaining below 50 Day SMA.
  • For now though price is falling towards a crucial support zone at 332. This is also near the Golden ratio shown in last chart. If these two levels are held a Bounce looks possible. Things may get worse for bulls if price closes below 332 levels.

No comments:

Post a Comment