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Tata Steel is a portfolio stock -If I am correct & it holds above 250 (strictly) or later below 250 - we look for buying opportunity close 180-200 zone which another important support for Targets 300 / 520 / Above 520 for 650 & crossing 750 - Wonder Waves (Wave 3)- Waves to behold as written in books.
Selling The Channel Top With Harmonic Pattern at 9850
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Wonder Waves Part 1 - Picking The Bottoms at 7700
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Wonder Waves Part 2- Can Patterns Repeat at 8055
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Wonder Waves Part 3 - Traditional Patterns Target -9600
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Trade closed manually
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04:56 Hrs / 15th May 2020
Thanks for all support & manage your risk - consider this stock as Portfolio stock
There is an Ichimoku price and time axis equilibrium in monthly time frame also in it. Sustaining above 300 makes way for 320/370/425. Thanks for your EW confirmation.
WaveTalks
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@Dinesh_C_Nagpal, Thank You Sir, for your updates & confirmation. Good Night
Prodip
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@AbhishekHSinghCMT Sir, is this break out? 40lk+ Delivery. can we add it now for long time?
WaveTalks
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@Prodip, See Buying zone was in 250-275 - If missed then wait for a dip to join later
Prodip
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@AbhishekHSinghCMT, ok. thank you sir.
Rohaningle
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@AbhishekHSinghCMT, what would be the next buying zone? unfortunately, I missed the earlier suggested buying zone. Thanks, and I must admit your analysis and support to all queries are commendable. I am a fan of yours
berasukanta
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Hi, I am new user of trading view. I am very satisfied with your technical analysis. It's great learning for me. Thanx. Best of luck.
Dear sir
I have taken position in Tata Steel today @ 270
Can I put stop loss below @ 250
Please suggest me.
And thanks for ITC call I have made profit in
ITC. Thanks again
WaveTalks
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@javedshaikhtech, Unfortunately, this is not short term trading call as I won't be able to track it live frequently. This stock has been suggested as a portfolio stock to hold for a couple of years next.