AbhishekHSinghCMT

TataSteel- Let the Rising Trendline be broken

Short
NSE:TATASTEEL   TATA STEEL LTD
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8
Let the rising trendline be broken to get small short call may be till 380-382 levels but be careful- iv-wave is still running post going into 380-382 -wait for a bounce back to same 395-399 to fall again or if TS suddenly creates more pressure then probably -we will place 395 as the top.
Best Regards,
Abhishek H. Singh, CMT
​Growth Director - TradingView India
YouTube Channel https://www.youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
Twitter Handle
https://twitter.com/TalksWave

Comments

13:00 Hrs -IST-26th Aug2016- Let Book Complete & Wait - expecting some bounce back- this could 2nd wave retracement of the fall from 394.65 to 369.20-- This retracement could be deep upside. Regards
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12:55 Hrs-26th Aug2016-- Typing Error-- "My baby kissing downside objective of 367-368" as mentioned early morning at 09:10 Hrs IST-26th AUg2016- Day's Low is 369.20...Screen Price is - 369.65 Regards,Abhishek
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12:55 Hrs-IST-26th Aug2016-- Bang On--TS -My Baby Kissing our downside objective of 267-268.. Current Price on the screen- 369.50--Day's Low is 369.20- Let us now Book Profits & Wait- Baby could cry & jump out of bed- I mean to say bounce.
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09:10 Hrs-IST-26th Aug2016- TS can have 367-368 as good support- can look for a bounce & it could deep as in -can go as deep as 387-390 but one thing to be taken care of -It cannot go beyond 395- which I am placing as a top for time being. Once bouncing deep in the 387-390- one should look for bearish sign -if confirmed at your end- to take short then for a fall again.
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14:00 Hrs- IST- Bang On...TataSteel Kissed the Target Zone 380-382- making A low@381.25
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santanumukherjee25 AbhishekHSinghCMT
gr8 call
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