AbhishekHSinghCMT
Long

Tata Steel- Minor d-leg in process (Above 378.50 for 383-384)

NSE:TATASTEEL   TATA STEEL LTD INR10
49 5 4
14:35 Hrs-IST-16th Aug2016

Current Price- 377

As per morning update - "Tata Steel-still top is not in place"

Yet to complete minor d? leg --can take Tata steel Above 378.50 to 383-384--In an unfolding triangle at one degree larger.

Trading Strategy- Above 378.50 -TS could complete its internal leg in the zone 383-384 slightly below 384.50- The Killer Top from previous updates on Tata Steel. Kindly maintain stoploss below 373.
. Going Above 384.50 -Kindly refer previous update.

Regards,
Abhishek H.Singh,CMT

Trade active: 15:20 Hrs-IST-16th Aug2016- Current Price-380.50 -Tata Steel- My Trump Card wins me the game. It opens to make me win the game. Regards,
Abhishek H.Singh,CMT
Best Regards,
Abhishek H. Singh, CMT
India Regional Manager
http://in.tradingview.com
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India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ
THAT'S REALLY GOOD ....
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07:40 Hrs-IST-17th Aug2016

https://www.tradingview.com/chart/yfE49FDA/
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AbhishekHSinghCMT TOP AbhishekHSinghCMT
sorry for the wrong one..
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Tata Steel Breakout Confirmed at Weekly chart (BUY)

This is what I saw on weekly chart that signals strong bullishness in the price action. It shall reach to 400 plus levels within weeks.
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It seems little tough at the moment as Index is not at all supporting so we should really be careful- If Nifty goes above 8750 & sustains for an hour or so & momentum is strong then may be-TS etc will rally beyond 400. I am just cautious as cycle is shifting its top- so let us see what happens.
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