Tata Steel : Flag Pattern Breakdown

Tata Steel on Weekly TF Break the Flag Pattern in Downside. On Weekly TF we can see that the last week stock has made Doji on top of the neck line and in this week stock has made Marubozu Candle with High Volume( Red Marubozu which means that Open = high,Close = low). It indicates the stock is weak on Medium term is bearish. Momentum also weak on Daily, Weekly and Monthly Basis.

Short : CMP
SL : 113
Down Side Move : 101,98 Levels.