Tatasteel has taken strong support at the level 476 - 479. It has formed triple bottom. RSI shows strength by forming hidden bullish divergence. Price action shows more than one bullish divergences.
Buy above - 483 Stoploss - 480 Targets - 485, 488, 491 and 493
Sell below - 480 Stoploss - 483 Targets - 477, 475 and 473.
Enter trade after seeing the strength of price action. Intraday calls depend on the market opening. Analyse and follow your trading plan always. This trade is valid for 13th April 2017 only.
Buy above - 483 Stoploss - 480 Targets - 485, 488, 491 and 493
Sell below - 480 Stoploss - 483 Targets - 477, 475 and 473.
Enter trade after seeing the strength of price action. Intraday calls depend on the market opening. Analyse and follow your trading plan always. This trade is valid for 13th April 2017 only.
Trade active:
@478
Trade closed: target reached:
Today's high is 479.2 so far. All targets reached within few minutes. From 478 to 473 gained 5 points.
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Comment:
Tatasteel formed triple top and now nearning the support.
