AbhishekHSinghCMT

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

NSE:TATASTEEL   TATA STEEL LTD INR10
53 4 2
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.

Regards,
Abhishek H. Singh, CMT
Trade active: https://in.tradingview.com/chart/LN98mugU/
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

Regards,
Abhishek
Comment: 11:40 Hrs- IST-29th AUg2016

Sorry for wrong chart of CEAT in the link above.

Regards,
Abhishek
Best Regards,
Abhishek H. Singh, CMT
India Regional Manager
http://in.tradingview.com
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India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ
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?
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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
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KPBCAP AbhishekHSinghCMT
Thank you, appreciate you responding so quickly. Will be sure to follow you.
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Great. Will look forward for your support.
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