AbhishekHSinghCMT

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

Short
AbhishekHSinghCMT Updated   
NSE:TATASTEEL   TATA STEEL LTD
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
​Growth Director - TradingView India

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