Tatasteel

This stock was a darling between 2005-2008. Of course it course it continues to be still, but majorly for short-sellers / rather traders.

Overall, the stock is in a range of 448 to 396. The Directional index indicator also show some non-commitment. Also Having, a look on the charts for past two years, it is interesting to note some break-out it managed to make above an on-going trendline. Now, one has to see, if the stock manages to remain above that trendline.

My view is it has to close above 432 again to resume the further uptrend ; otherwise that is a major resistance to be taken

Resis  - 418 / 424 / 427 / 434

Support - 410 / 404 / 396