Tata Steel: It’s again. I AM RIGHT

I have been saying again and again. Gaps are playing games. In spite my analysis gave whopping returns of +45% which was unexpected as per my analysis.

Later, I came with a new prediction that Tata Steel is going to fall. As there was a good sentiment in the market, the stock was successful filling the gap again. After which we saw the stock with a reversal and carrying a sideway pattern.

What’s next?

The stock is not technically strong and I am looking for a support as per the above chart. It will to too early to say anything before we see a pattern.

Moving Average Crossover Divergence is about to make an another bearish crossover

My articles on Tata Steel

1. Tata Steel: Waiting for a fall(5th March, 2012):Click hear
2. Tata Steel:Tata Steel: Regular Bullish Divergence(29th December,2012): Click hear