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26 Jan 2009

Perfect Intraday Indian Stock Tips | Tisco | 27 - 31 Jan

1. Tata Steel has gone into bearish mode and same was announced publicly on the blog last week in the weekly update for the stock with support and resistance. Since the stock has gone lower below 189 thus the crash of 18% in the stock price was waiting to happen.

2. TISCO has support at Rs 165 and a bounce from thes levels can be seen failing which stock can fall to previous lows of Rs 146 - Rs 138 - Rs 100 . During its upward journey stock encounters stiff resistance at Rs 200 and Rs 210. Presently medium term trend for the stock as per the charts is negative.

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