AbhishekHSinghCMT

TataSteel- Kissed the Box with Bad Luck Gap & Good Luck Sell

Short
NSE:TATASTEEL   TATA STEEL LTD
Is wave -ii done at day's high@417. 50 -Kissing closer to the box which was shown in previous update shown below

Dropped from the box in today's session & made day's low@411.50. Can it continue down?- short term trade if taken book profits & we will comeback again.

Click the chart

Related Analysis of TataSteel attached for reference
Trade active: 14:44 Hrs 29th Nov2016

Last Price@409.50

32 bucks back 2 back in Tata Steel- isn't that amazing.
Trade active: 10:40 Hrs 30th Nov2016

Last Price@406.50

Likely a bounce could be expected in the range 410-411 so look to book profits in sells- if you are holding the same at current levels.
Trade active: 12:35 Hrs 30th Nov2016

Last Price@412

Boom - Bounced as expected from 406-407 zones.
Trade active: 12:41 Hrs 30th Nov2016

Last Price@414

We got the candle as shown in oval. I love green candles - jumped as expected from 406- 411+

Trade active: 10:35 Hrs 1st Dec2016

Recent High@418.50

TS could fall again to 405-406 zone as the gap has acted as resistance -I was expecting little upside to 420-422 zone, but it seems TS is in hurry for downside.

Best Regards,
Abhishek H. Singh, CMT
​Growth Director - TradingView India

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