saket_bagade
Short

Shorting opportunity in TATASTEEL

NSE:TATASTEEL   TATA STEEL LTD
Prices trending in the declining channel. MACD and RSI are on a downward trend. PSAR is also about to reverse in favour of bears. NSE:TATASTEEL Looks weak below today's closing price. Safe-traders can short below today's low of 671. SL as per your risk-appetite :)
Dec 05
Trade active: CMP 662

NSE:TATASTEEL opened gap down. Sell on every rise..
Dec 06
Trade active: Closing Price: 667.6

After a gap-down, it has formed a doji-like candle at EOD. Tomorrow would be an interesting day!
Dec 07
Trade closed manually: Closing price: 688

Very strong bullish candle seen. Hence closing from my side. But it would still be worthwhile watching if the price movement remains in the channel - in which case, there is still hope for a downside.
Dec 08
Comment: Closing price: 697.8

After breaking the declining channel upwards, it closed inside the channel. Bears still have hopes...
Dec 14
Comment: Price is neatly falling in the downward channel! Good going bears :)
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