ParimalDevnath

TataSteel, 200 DMA

Short
NSE:TATASTEEL   TATA STEEL LTD
I attribute lot of importance to three DMA--50,100 and 200. Why? Here is the logic to elaborate the same. Have look at the arrows. Price slid down 200 DMA and then it made two attempts to reach 200DMA but could not surpass the same. Since 50 crossed 200 on the downside. Now 100 crossed 200 which is quite negative. All rises will be sold. I posted this chart many days ago.
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