Prices trending in the declining channel. MACD and RSI are on a downward trend. PSAR is also about to reverse in favour of bears.
TATASTEEL
Looks weak below today's closing price. Safe-traders can short below today's low of 671. SL as per your risk-appetite :)
TATASTEEL
Looks weak below today's closing price. Safe-traders can short below today's low of 671. SL as per your risk-appetite :)
Trade active:
CMP 662
NSE:TATASTEEL opened gap down. Sell on every rise..
NSE:TATASTEEL opened gap down. Sell on every rise..
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!
After a gap-down, it has formed a doji-like candle at EOD. Tomorrow would be an interesting day!
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.
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.
Comment:
Price is neatly falling in the downward channel! Good going bears :)
After breaking the declining channel upwards, it closed inside the channel. Bears still have hopes...