Thursday, December 1, 2011

Tata Steel Limited Technical Chart | 30-Nov-2011

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



Tata Steel Limited Technical Chart
Tata Steel Limited Technical Chart




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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