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

tata steel


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 at 285 levels it is getting close to a very important resistance. But there is no change of trend yet.

-> Given the big rally and near resistance can expect a pullback to 260. A pre-emptive short trade can be initiated with stops at 295.




AUGUST 31-1 September


For more details mail to nooreshtech@analyseindia.com or call Nooresh 09819225396



If you would like to confirm your seat for the Bangalore Training session and make an online payment then do so on the following event link on explara


Regards ,



Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.