Tata steel ltd revisited [ 12-02-2014]

• Stock had taken resistance at its previous top.
• It may test its preceding window support at 378.
• Retracement  of Decline from 435.5 to 336.05.
• 23.6% = 359.6.
• 38.2% = 374.2.
•  50% = 386.
• 61.8% = 397.8.
• 78.6% = 414.67
• Window supports
• 378.35- 376.85
•  374.45- 369.65
• Previous Top Resistance
•  393-394. 
• 430-435.
• 30 day moving average stands at 379
• 100 day moving average stands at 365.6.
• 44 day EMA stands at 378.5.
• 200 day exponential moving average stands at 350.
• 200 day moving average stands at 320.

For previous analysis, please click on the link below:

http://techincallearning.blogspot.in/2014/02/tata-steel-daily-chart-analysis-3-feb.html