Friday, August 14, 2015

TECHNICAL ANALYSIS OF TATASTEEL & DAILY CHART

FUTURE :
“BULLISH TATASTEEL ABOVE  240 TGT  245/250” 
“BEARISH TATASTEEL BELOW  230 TGT 225/220”
Overall trend of the stock is weak, it is accumulating at the lower levels and is sutaining below the falling trend line. It is likely to show recovery with the breakout of the trend line at the level of 240. Further the stock is trading with the RSI of ABOVE 30, in near term buying opportunities can be seen in it. One may take long position in the stock above the level of 240 with the stop loss of 230, where longs can be covered at the levels of 250.
DAILY CHATS

Daily
Level
R5
R4
R3
R2
R1
BULL
LOC
BEAR
S1
S2
S3
S4
S5
251 
246
242
239
237
236
234
232
230
229
226
221
217

Weekly
R3
R2
R1
REVERSAL
BULL
LOC
BEAR
REVERSAL
S1
S2
S3
Levels
273
269
267
264
263
263
262
26
258
256
254
Simple Moving Averages

Days
BSE
NSE
30
268.56
268.44
50
282.46
282.41
150
331.11
331.14
200
358.89
358.90


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