Tata steel looks good on weekly chart by the closing basis break falling resistance trend line and closed above on that, some weeks back it breaks 50 days moving average and came down with very steel fall after so many days it managed to give a close above on it's 50 days moving average so the conclusion is this that we can see a sharp rally in this giant in coming sessions.
Cause of long-:
1- Falling resistance trendline breakout.
2- Break 50 days moving average and closed above on that successfully.
Cause of long-:
1- Falling resistance trendline breakout.
2- Break 50 days moving average and closed above on that successfully.