AbhishekHSinghCMT
Long

Tata Steel- Ideal Retracement Zone 383-385 (61.8%)

NSE:TATASTEEL   TATA STEEL LTD
109 1 3
Likely I would be interested if TS             comes again in the zone of 383-385 where the fall from 394.65 to 367 shall be retraced by 61.8%- ideal location for Wave-2.

Trading Strategy
One can look for longs if TS             crosses 375 with day's low stop for target zone 382.50-384
Always book 50% in every profit trade & trail rest to stop at cost.
Or

Sell can be taken only if lows of 367 is broken as per aggressive strategy.

If TS             comes in the zone 383-385- in that case Wave -2 shall get divided internally into 3-waves -a-b-c.

Regards,
Abhishek             H. Singh, CMT
Trade active: 13:30 Hrs-IST-1st Sep2016- Look at the risk reward here as well- TS went very close to lows@367- Made day's low@369.50 & Boom- Just trading at 375.
Trade active: 14:50 Hrs-IST-1st Sep2016- Current Price@373.70 - we shall taking small loss who have not trailed their stops to cost@375 -which was breakout point.
Best Regards,
Abhishek H. Singh, CMT
India Regional Manager
http://in.tradingview.com
| LinkedIn
India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ
12:30Hrs-IST-2nd Sep2016- Likely there is no trading opportunity in TS at the moment
Reply
EN English (IN)
EN English
EN English (UK)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out