Tata steel formed double top . top1 17-March-2017 price 508.75 , top 2 7-April-2017 price 506.35. it has broken the neckline support. May try to retest the neckline but at end will surely touch target of 446. Keep stop loss of 492.75 and go short.
ITC has formed double bottom .
Bottom 1 : 222 @ 24-Nov-2016. Bottom 2 : 222 @ 26-Dec-2016.
Go long with a stop loss of 215 and a traget of 257.
Expected timeline for traget : 13-jan-2017 to 16-jan-2017.