AbhishekHSinghCMT

TataSteel- A throwback to rest on falling trendline

Long
NSE:TATASTEEL   TATA STEEL LTD
2
There is a throwback from the day's high@363. 95 to 359.70 - likely it is taking support at the channel which was breached early in the day & made a high@363.95

Trading Strategy - If TS crosses 364 - we should get the next buying opportunity for target zone 367 & beyond 367 for 371-372

There is a risky trade for the day as going longs at current price-360.50 with day's low@354.90 as stop Target -367 & 371-372 as above.

Trade active: 13:35 Hrs-IST-19th Sep2016

Don't buy the risky -if you want eliminate some more risk & buy in the range of 356-357 with day's low as stop mentioned above
Trade active: 14:00 Hrs-19th Sep2016 - What's Happening in TS - Trading at 361.50
Trade active: 14:05 Hrs- 19th Sep2016 - Never hurry in a trade thinking that you will lose-its just a fear of losing but if click properly -you will be more excited so try to either close to lows bet 356-357 with strict stop below day's low or above 364
Comment: 14:25 Hrs-19th Sep2016

Markets are so dicey for the day- just moving between 8820-8800
Trade active: 12:45 Hrs- 20th Sep2016

Bang On Target

Reached the Double Target Above 364 - Day's High- 370

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

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