Tata Steel- Going Above 373- confirms the down leg from 395 done

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Let us wait in the coming session, to get some clear market direction- once Tata Steel starts moving above 373- it will give us a clue that it wants to head upside or retrace the move which started from 395 Top in E.D. ( Ending Diagonal ).
Currently going below 368- we shall be open for the short downside move, but not looking much downside before it starts moving upside.

Abhishek H. Singh, CMT
Comment: 11:35 Hrs- IST-29th AUg2016-

Bang On Target. TS moves exactly from the lows of 367-368 -which I have been talking about since the last few updates.
Current Price- 373

Key Level - 367

Comment: 11:40 Hrs- IST-29th AUg2016

Sorry for wrong chart of CEAT in the link above.

Best Regards,
Abhishek H. Singh, CMT
​Growth Director - India
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Excellent. Do you have a medium to long term view on Tata Steel? Does it warrant a move to 560, assuming this down move from 390 to 370 was the breakout of a larger pattern?
It is just a start -should go along with Index. If Nifty starts correcting -Which I am very keenly waiting- Tata Steel will be hard to move on upside but as a precaution -I will take any long calls if Ts goes above 400 & sustains otherwise it should do some time corrrection
But longer term TS is a good buy..any zone between 345-355 & Maximum in the range 275-290 are good zones for long term buy. So, one should wait for TS to kiss these zones. Regards
KPBCAP AbhishekHSinghCMT
Thank you, appreciate you responding so quickly. Will be sure to follow you.
Great. Will look forward for your support.
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