AbhishekHSinghCMT
Short

Tata Steel- Bang On Target Kisses 400-405 Zone -What Next?

NSE:TATASTEEL   TATA STEEL LTD
157 6 4
Bang On Target- 400-405 zone. I am excited to start today's day, which filled the zone as expected.

This morning, TS             was in a hurry to kiss that zone & surpassed by making day's high@412 which is 50% retracement of the fall from 441 to 380.

Key Support-387

What Next?
The way it has fallen since morning@412 -bears are lining up to take their share. It is likely looking downside for bigger targets- which I shall update as the market moves. Keep in mind 387 as the key level.

Looking for the bounce from 380-382 zone
Trade active: 16:59 Hrs 21st Nov2016

387-------387------------387

Day's Low@366

Closed at 373.

Last update to keep a watch below 387- shall go deep - Has TS started downside?
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
Thanks Abhishek!
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@nirav5, Amazing Move in Tata Steel full 25 bucks. You enjoyed
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nirav5 AbhishekHSinghCMT
@AbhishekHSinghCMT, Should we look for buy opportunity near 387 ?
Reply
@nirav5, Can look but be careful -387 breaks- market signals downside so every rise should be selling opportunity.
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nirav5 AbhishekHSinghCMT
@AbhishekHSinghCMT, Ok thanks.
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@nirav5, Welcome
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