TATA STEEL was looking good till mistry's mytery. Now that all the TATA stocks are dragging and weak markets before US elections and very Crude Oil, markets may not witness any rallies. Using this TATA group may be chosen as scapegoat. 379 is the trend support.below which we can see 350 levels.Bounce from the support zone can be used as a buying opportunity only for short term.
Comment:
There is a sharp bounce from the trend line @380, whic is a fib retracement and trend line support. As of now trend line was held we have seen a sharp bounce to 399 levels. Now this script can be held for a short term target of 412