In the last post Bearish wolfe in Tatasteel !!!! by our guest author Mr. Jayachandran one of the regular reader of marketcalls had shared his view on tata steel. After that Iam just scrolling thro
my EOD Charts of Tata Steel and post here the GANN Chart which is most facinating.
Chart shown above is the Long Term GANN Chart of Tata Steel And we could able to see how the Tata Steel has been respected near the Rs659.5 zone and after respecting the long term Gann falling trend line since then tata steel is in corrective mood. And currently trading near the GANN rising trend line support zone i.e near 530 zone. And the next level of GANN Support zone comes near 420 levels.
A Possible breakdown and close below 530 could drift tata steel to 420 levels