Tata Steel 2016 Diary- Short Term looking for 403-405

Trading Strategy

Current Position Chart

Looking for target 403-405 once it starts moving above 396 levels- Keeping stops below 386 as corrective patterns are very tricky & can take stop losses in whipsaw movement in upcoming sessions. Any sustained move below 386 can make it fall to prior lows of 377-380.

In the charts below- click the charts & use load bar feature

This is how we moved so far in 2016

TataSteel- My Baby -Looking for 390's above 375

TataSteel- On Monthly Chart

Looking for a bounce from 380-382 zone- Bang On

Kissed the box with bad luck gap & good luck sell

Started from 380 & returned back to 380

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

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