Note: This is for educational purpose only. On weekly chart, Tata steel was making lower highs and lower lows. The previous lower high was broken with momentum. RSI indicates overbought. There seems to be a consolidation before next up move. This is a positional view.
TATA STEEL is trading at the resistance on a daily chart possible the trend can change
if you look at the charts tatasteel is near its 50 period weekly ema if it breaks one can buy with a near tgt 445 which is weekly resistance and tgt2 of 458 which is also a weekly resistance but much stronger and a strong monthly support at 432. IF YOU WANT DAILY ANALYSIS ON TATASTEEL FOLLOW AND SHARE THIS IDEAR YOU CAN ALSO FOLLOW ME FOR DAILY ANALYSIS ON...
NSE:TATASTEEL Buy Tata Steel in SIP 310 Near 330 - 320 SL 290 T 368 390 425
Double Top pattern spotted in Tata Steel . Pattern is confirmed as price has broken below 500; neck level retesting looks to have done already. Pattern suggests a target of 485. (Disclaimer: Our charts and contents are just for the purpose of analysis, learning and general discussion. Do not consider these as trading tips or investment ideas. Trading in Stocks,...