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

54 5 6
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.

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
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AbhishekHSinghCMT AbhishekHSinghCMT
sorry for the wrong one..

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.
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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