Tata Steel has formed a triple top and also has confirmed the down ward trend after breaking the neckline below 460 levels.

Open Interest also increased during the breakout which suggests short build up increased during the formation.

Selling already initiated at around 460 levels and downside looks minimum to 436 levels. But sellers be cautious as the formation is in the uptrend so if the stock closes above 460 close your shorts immediately.

Here is the snapshot: