Steel is in clear Downtrend as price reversal is intermittent. The Target is on lower price Band. When this price will Retrace one can enter into PUT for Month.
There will be test of Upper Limit and thereafter Titan will test lower Band. This Range will be there till next results
UPL will again test the upper bank during this range bound period. If this resistance is respected then UPL will fall this lower band.
Nifty is in Range Bound and this range will before more narrower therefore Next Week no range will be broken
Since Bank Nifty is in Range there is still no possibility of Breakout. In case of Range Bound then the upper Bank Nifty will be tested but in case of Breakdown then Lower Limit will be tested.
This View iterates that the UPL is in uptrend as defined in MCGinley Dynamic Chart. Resistances are 714.55 then 740 and then 793.35 as per Support and RESISTANCE