Tata Steel Limited Technical Chart | 30-Nov-2011



 

Below is the technical chart of Tata Steel Ltd. with ichimoku Kinko Hyo indicator.

 

 

 

After giving bearish breakout @564 on 29-Jul-2011, it started moving downward. tried to crosskumo on Oct end, but failed.

Now, if you chart carefully, the price is moving downward, butkijun-sen line is flat. That means, it will attract the price in short term. So, immediate target for Tata steel is 429.60. 

READ  Reliance Industries is in Downtrend | Technical Chart | 21-Mar-2012



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