TATA STEEL LTD
Short

TATASTEEL - WEAK METAL?

71
Metals have been out of flavor in today's down move along with host of others like AUTO. The break-down compels one to question the excessive up move and calls for deeper correction. CNXMETAL depicts similar picture. TATASTEEL caps 625 for move to 540 one attempt. Immediate support at 590 is under threat. Below 627 eyes these lows. Some profit taking around 550-560 in order during the decent.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.