Tata Steel - 30th Sep

Today's Opening - 430.6

Today's High - 432.8

Today's Low - 414.2

Today's Closing - 415.4

Lowest closing since 2nd Sep, 2009.

The 20-day Commodity Channel Index has been negative for six of the past seven sessions.

The 12-day Rate Of Change has been negative for the past 10 sessions.

The 3, 10-day Moving Average Convergence Divergence has been negative for the past 15 days.

The 2-day Relative Strength Index has been below 40% for the past three days.

The closing has been below the 5-day Exponential Moving Average level for the past 16 days.

The closing candle continues to be below the 13, 16-day Ichimoku Kinko Hyo cloud since 14th July.

The stock might continue to fall with 407 as the next support level post which the stock can crash to 330. Good time to acumulate for the long-term.

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