Dropped from the box in today's session & made day's firstname.lastname@example.org.. Can it continue down?- short term trade if taken book profits & we will comeback again.
Click the chart
Related Analysis of TataSteel attached for reference
32 bucks back 2 back in Tata Steel- isn't that amazing.
Likely a bounce could be expected in the range 410-411 so look to book profits in sells- if you are holding the same at current levels.
Boom - Bounced as expected from 406-407 zones.
We got the candle as shown in oval. I love green candles - jumped as expected from 406- 411+
TS could fall again to 405-406 zone as the gap has acted as resistance -I was expecting little upside to 420-422 zone, but it seems TS is in hurry for downside.
Abhishek H. Singh, CMT
India Regional Manager
India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ