May 2, 2015

TATA Steel weekend update

  • The falling weekly resistance line from 568 levels has saved bears for Now. But the threat of a big breakout is not over yet. If the rising support line saves bulls then another attempt can be made;.
  • Bulls need to stay above 380 levels on closing basis to confirm big strength.
  • For bears the need to stay below that falling resistance line shown in first chart.