Overall Metal sector looks ripe for big price correction at this stage. i have found Tata Steel to be more perfect for short as momentum continues to weaken and stock is going sideways on the way up, same price action like crude oil before it dropped from $53 to $47.
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My view ,
In spite of selling the stock is not getting cracked , Bears getting tired ??
May be Bulls will overwhelm them in one single break out candle.
Lets see.
No position in this stock , just observe.
In spite of selling the stock is not getting cracked , Bears getting tired ??
May be Bulls will overwhelm them in one single break out candle.
Lets see.
No position in this stock , just observe.