Tata Steel - Play Short and Be Safe

Trend continue pattern found in intraday and daily chart, Multiple break down gaps created. Down ward signal continues to hold a strong and breach is not expected soon. No Buy ..

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Down trend continues

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Can expect 2 - 3 % down side movement on daily basis.

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Has a good support around 360 - 362 range, Go for short if the price opens below 259 and long on other way...

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Great recovery but RSI is still below 30