Friday, February 28, 2014

Tata steel Limited [ NSE: TATASTEEL]



  • If we see a daily chart, the last three session was succeeding, increasing black real bodies.
Brief Elaboration of above sessions
  • The first session of which is small real black body which opened under the resistance of previous falling window at 374 and closed under it at 369.65.
  • In the Second session , stock opened at 369.6 [ which is under the previous close or under the window resistance, which shows stock again took resistance on it.] though it pierced the resistance on intra- day basis, but failed to sustain above it and closed at 360.55
  • The third session was opened, approximately at the close of the previous[second] session  & closed at 349.3.
  • Volume is also increasing at every new low session.
Immediate Support of the stock is at 344, 336.

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