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 :)
Trade active
⋅
CMP 662
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!
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.
Comment
⋅
Closing price: 697.8
After breaking the declining channel upwards, it closed inside the channel. Bears still have hopes...
Comment
⋅
Price is neatly falling in the downward channel! Good going bears :)