Monday 26 August 2013

Technical view by Nooresh

Technical view by Nooresh

TATA STEEL – Nearing Resistance. A pre-emptive short trade.

Posted: 25 Aug 2013 09:24 PM PDT

  Tata Steel Technical View:   -> Previously the stock had made 3 bottoms around 290-296 zone ( shown by arrows). -> Post the breakdown the stock did make an attempt to get back above the zone which failed. -> The stock has seen a huge 40% move with very good volumes. -> Right now […]
Related posts:
  1. ITC – Bounce back trade in the Offing ? Index Impact as well.
  2. Tata Motors – Confirmation of Breakout above 285 can head to 300-320 in short term.
  3. Hindalco and Tata Steel again a quick 10% plus trade when others were trapped shorting :)

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