Support level broken. Trading below 50 day MA/RisingChannel .

TATASTEEL . Selling Pressure is high on 16 sept, stock is negative even if nifty is +ve. Support level 370 broken. Trading below 50 day MA. Started trading below Rising Channel.

Initiate short. Keep Stoploss 373.1, target 320.2 till nov end. Risk reward 2.31