Tata Steel- Am I Dreaming About the Bounce from 367-368

Tata Steel- Bounced from the zone 367-368- Vow - It's like a dream come true. I have been talking about TataSteel that we are likely done in the zone 367-368 & not much downside could be expected before we start retracing upside for the fall from 395 to 367.30.

Current Rate - 372.20

We should travel in the zone 377-379. Key Level- 367

Regards,
Abhishek H. Singh, CMT

Trade active:

15:26 Hrs- IST-29th Aug2016- Avoid taking positions home. can take re entry tomorrow when market opens. Current price 374.05.

Trade active:

09:20 Hrs-IST-30th Aug2016- Key level for the Day-370..Likely we should kiss the zone 378-379 & Book Profits

Trade active:

09:22 Hrs-IST-30th AUg2016- No fresh longs at current price zone of 376-377-- All these longs are from 367-370 zone. If taking any fresh long positions then be careful of 375.TS should not be under 375- that will show some weakness. Going below 370-TS could start falling back.

Trade active:

11:10 Hrs-IST-Bang On Target--Kiss Kiss The Target Zone 378-379. High for the Day- 379.20-