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Thursday 28 February 2013

Tata Steel- Update

Yesterday I wrote about Tata Steel here and the target of 346. Today Tata Steel hit 346 levels exactly and bounced back to cross the resistance of 354. I entered into buying position today above 355, since this major resistance was broken with volumes. As long as 354 is held , from now on Tata Steel will remain positive. 346 will once again be a very strong support. Below that it could go up to 335, 326 as indicated before.

Tomorrow 28 Feb, Tata Steel will be positive above 354. Next resistance is 360, then 368.  (The earlier band). Tata Steel is still a sell in daily charts, but gaining strength in hourly and 15 min charts.
I also alerted my readers during market hours here.
Tata Steel – 10 points fall from the point of alert



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