TATA STEEL LTD
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Tatasteel

Formed Bull Flag pattern in last 2 years. Right now it's consolidating in Descendant Triangle pattern, which is bearish short term. Need to break the the upper trendline for bullish breakout. Strong support at 1260, if it gets breached next support 1232, 1113 and strong support at 1030. Long term bullish, short term bearish.
Not
Hitting strong support levels at 1186 level, can expect some bounce back and test 1271. Trend is bearish short term, can also test 1130 and 1050 levels.

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