TATASTEEL
Entry 1185 or Below
Target 1290
SL 1125
Time: 5 Week
CMP 1186
Tata Steels Ltd is trading at 1190 and in a downtrend for a long time . Price is reaching near to demand zone. In the Options Analysis strong pressure on PUT side is at 1200 level and CALL side is 1300 levels. So Price is expected to remain in between them on current month expiry. Buy and hold for the 5 weeks.
Disclaimer: the author may enter in trade, take your own decision , This is a trading idea, not an trading or Investment advice
Trade closed: stop reached:
SL Hit