AbhishekHSinghCMT
Short

Tata Steel--Bang on...Killer Top@384.50--Are we done?

NSE:TATASTEEL   TATA STEEL LTD
32 0 1
Just missed 390's...From the previous update--"Tata Steel--My Baby --Looking for 390's above 375"....As soon as it crossed 375... TS             headed in the direction of 390's but fell short & made a top@384.50--which is similar top as on 6th May 2015--"The Killer Top"

The move from 199.70 -Sep 2015 low's to current highs till 384.50 was decent trending move--If at all TS             has put a top@384.50--we shall see corrective recovery in the range 290--300 zone as the sweet spot for future buying...till March-May 2017....


Current Price--380


In current situation
Trading Strategy--We will look for a bounce in the zone 380--382 zone & Once TS             kisses the zone & starts falling back again below 377.50 --we should take short with stoploss slightly above 385.


Regards,
Abhishek             H. Singh, CMT
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
India
United States
United Kingdom
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder 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