AbhishekHSinghCMT
Long

Tata Steel- Bounces from 377 lows to 392

NSE:TATASTEEL   TATA STEEL LTD
174 views
4
174 3
377 was the key level, which ended the 4th wave in the wedge pattern- yet again gave support to Intraday bounce to 392- Now till the time 377 is intact downside- TS might do medium term upside to sideways move.

Previous Analysis- Started at 380-returned to 380- Click the chart & load the bar
Dec 30
Trade active: 12:34 Hrs 30th Dec2016

Last Price@390.50

When ever TS crosses 396 then one can look to buy for target zone 402-405 zone Intraday so don't forget to put a trendline alarm on this stock.
Best Regards,
Abhishek H. Singh, CMT
​Growth Director - India
http://in.tradingview.com
| LinkedIn
India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ
can you explain TSL " 377 was the key level, which ended the 4th wave in the wedge pattern- yet again gave support to Intraday bounce to 392- Now till the time 377 is intact downside- TS 1.50% might do medium term upside to sideways move."
Reply
@AMBRISH, from 377 lows -TSL moved its final leg upside to 441.50 which was 5th wave--- so 377 was key level or support after so many days when TSL started falling & came back to 377 it acted as support & bulls came back for short term up move to 392 levels. Going next till 377 is intact downside, it will move upside to sideways in coming days.
Reply
AMBRISH AbhishekHSinghCMT
@AbhishekHSinghCMT, Thanks for clarification.
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out