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TATA STEEL


According to our NTD greed & fear band theory currently TATA Steel is at NTD greed band near 550/60. We are assuming that from this level prices can go for the 450 levels. In our past analysis shows that after touching the band prices give reversals from current trend to at least 15/20%, so we are bearish on TATA Steel for shorter term for the target of 450 with strict stop loss of 580.
        {02.08.2014}
 
 


Tata Steel Limited(Daily Chart)



























Disclaimer:All information given here is largely based on technical analysis which is highly dynamic in nature and relevant only at a particular point of time. Users are advised to pursue these recommendations only at their own risk and first consult their personal investment advisor when making investment decisions. We are not liable and we take no responsibility for any loss that you incure by trading/investing on our recommendations. these study are posted for educational purpose only.

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