thechama3
Long

SHORT TERM HIGH PROBABILITY TRADE || LONG || TATA STEEL

NSE:TATASTEEL   TATA STEEL LTD
One might buy Tata steel on dips with SL placed at 455 and targets of 479/485. The RSI is placed at 30.36 and indicates a high probability of a bounce back. It is also supported by the bullish candle created today. Bounce on the Nifty also supports the move.
Trade closed: target reached: Makes a high of 478.3 . One might want to close partialOr complete positions depending upon the risk profile and holding period.
Trade closed: target reached: Closing all positions. Reaches T1. Makes a high above 479. Closing all positions.
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