TATA STEEL SPOT CMP 705
Counter have formed upthrust candle as per price action around 716 level with higher volume than anchor point,,
Indicate reversal in trend,, counter can be sold below 700 levels once sustain below this levels for 15 mins.. or second probability is counter can be sold on rally around 714 to 717 levels..
stoploss for this trade will be 725 on closing basis
down side counter have capacity to fall till levels of 660-630