Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Friday, June 10, 2011

Tata Steel's Diamond

Daily Chart

Tata Steel has made this bearish diamond pattern and broken down from it, giving a depressing target of the stock's value going  into the negative. While this is not possible, one may take the cue from this technical pattern which  indicates extreme bearishness.

Selling one's holding in Tata Steel to reenter at lower rates would be wise.

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Happy Trading !!
Lakshmi Ramachandran

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