Below is the technical chart of Tata Steel explained in simple way.








At the time of writing this article, Tata Steel is trading near 464. Looking at Kijun-sen line of Ichimoku indicator, its major support is at 461. If it closes below this level, book your profits and sit on cash. Do NOT take short position as the chart if still in bullish mode on daily time frame.

Tata Steel support @461 | Technical Chart | 27-Feb-2012
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