Date: 9-Feb-2022 Rating: Buy Above 1245 on closing basis. LTP: Rs. 1219.60 on 8-Feb. Target: Rs. 1375-->1480-->1535 SL: Follow the trailing SL indicated by the moving averages on closing price basis.
Tata Steel Ltd. is about to break out from the current primary down trend as well as its earlier resistance level of 1245. Volume has increase since last few days to support the same. EMA, MACD and RSI are giving very bullish signals. 7D EMA has already crossed 13D and 26D EMA. RSI is in buy zone and has given a positive divergence. MCAD has already crossed over to buy zone.
Disclaimer: Investing in stock market is risky. One should do a self analysis and validation before investing in stock market.
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10-Feb: Tata Steel has given break out today, closed and sustained above 1245. Right time to enter tomorrow. EMA is giving bullish signal for positional as well as long term entry.
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Date: 22-Mar-2022 LTP: 1314. 6% up from suggested level. Hope to see 1st target soon.
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Date: 4-Apr-2022 LTP: 1341.9. 7.78% up from suggested level. Close to the 1st target.
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Date: 6-Apr-2022 LTP: 1370.75 (Day high: 1386.70). 1st target reached. Up by 10.10% from suggested level.
@anish_nanda, Thanks. As mentioned above, expecting to see 1480 next.
vicky252
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10-Feb: Tata Steel closed and sustained above 1245 today. Right time to enter tomorrow. EMA is giving bullish signal for positional as well as long term entry.
anish_nanda
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Yes I am also expecting Tata Steel to cross 1500 within 2 to 3 months.
anish_nanda
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In what time frame you expect Tata Steel to touch 1500?