Tata Steel Limited Technical Chart | 30-Nov-2011

Below is the technical chart of Tata Steel Ltd. with ichimoku” style=”padding-bottom: 0px !important; background-image: url(data:image/gif;base64,R0lGODlhBAADAIABAP8NDQAAACH5BAEAAAEALAAAAAAEAAMAAAIFRB5mGQUAOw==) !important; background-attachment: initial !important; background-origin: initial !important; background-clip: initial !important; background-color: transparent !important; text-decoration: none !important; white-space: nowrap !important; background-position: 50% 100%; background-repeat: repeat no-repeat !important; “>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. 

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