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Jan 23, 2017 5:48 AM

Tata Steel Short

TATA STEEL LTDNSE

Description

Existing upTrend since 377 low appears to have shown signs of reversal, since the RSI broke 38-32 zone along with the prices breaking the averages. The stock has come back to the averages, which is a good point to initiate short, with a tight stop of 465 on 15 min time frame.
Target 435.

Trade closed: stop reached

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