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Rohinth25

TATA STEEL Broken the Trend Line

Short
TATA STEEL LTD (NSE:TATASTEEL)  
Rohinth25 Updated   
NSE:TATASTEEL   TATA STEEL LTD
Trend Analysis Chart Patterns Beyond Technical Analysis tata tatasteel Technical Analysis technical_analysis analysis trend Trend Line Break trendanalyisis Fibonacci Retracement
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trendanalysis chartpattern beyondta tata tatasteel technicalanalysis technical_analysis analysis trend trendlinebreak trendanalyisis fibonacciretracement
TATA STEEL took support on this trend line 3 times and now it broken with some big red candle in 1-day time frame.
Overall it looks like a bearish trend in weekly time frame and reverse in Fibonacci retracement tool at 61.8% level confirms the correction has finished and now ready to come down the mentioned levels. TATASTEEL
Comment:
Breakdown didn't sustain because of breakdown candle has low volume and next candle can't break the low of the breakdown candle.
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