380-382 zone for Tata Steel important as it exactly landed on the trendline (ii-iv) wave having 377 as crucial level- any move below that could put TS into more pressure.
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11:00 Hrs 16th Nov2016
Last Price@390.75
Entered in TS between the range 386-387 likely looking for the zone 400-405 where TS will face its first hurdle which is 38.2% retracement zone of the fall from 441 to 380. We will likely exit above 400 & shall wait to see how the market reacts post a 400 mark.
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11:18 Hrs 16th Nov2016
Last Price@388.75 We are still above entry zone of 386-387
Let us exit for time being & wait for buying opportunity in the zone 381-382 holding that 380 zone- as corrections are tough to trade as Nifty if fails to hold 8150- it will be better we exit TS & wait
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11:30 Hrs 16th Nov2016
Last Price@389
If one can take risky buy - with strict stops below 386 - If one can afford that stops then go ahead else skip the move
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11:35 Hrs 16th Nov2016
Last price@388.50
Avoid Taking Risky Call as well
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11:57 Hrs 16th Nov2016
Last Price@388.65
Half an hour has passed & TS is moving in range of 387-389
TS is doing time wise correction not going below 386-387 zone & going above 392 -it is most likely travel into the 400-405 zone
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12:45 Hrs 16th Nov2016
Last Price@394
At 395 it is retraced 23.6% so likely let us book profits as Nifty extended to its day's high in the zone 8190-8200
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14:21 Hrs 16th Nov2016
Last Price@396
Just missed because of Nifty Puzzle. Apologies. As expected, it is close to the zone of 400 band.
But likely that is resistance zone -so be careful if you hold any long positions.
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08:39 Hrs 17th Nov2016
Last Price@392.75
Going above 395 likely it goes into the zone 400-405 zone as expected earlier
Comments
piptamil
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Great Abhishek happy for you making good profits...