TradingView
virralthakkaar
Nov 10, 2021 3:08 PM

Tata Steel futures Long

TATA STEEL FUTURESNSE

Description

Tata Steel has a huge call writing in 1300 ce. This can mean that the prices might not breach 1300 easily. Also, 1400ce has the second highest call writing volumes.

Tata Steel futures

CMP:- 1303.00
SL below:- 1280.00
Targets: 1375.00 / 1400.00+

Uptrend is prominent in the hourly chart and RSI too has shown a reversal. The results are expected to be really good.

Can buy at current levels.
Comments
raysumit
Hi, nice analysis, so what could be he probable target for the end of the month, if you can guide.
virralthakkaar
@raysumit, according to Fibonacci, you can count on 1460 for Short term and 1540+ for medium term trades.
anish_nanda
Yes results will be announced after market hours around 7:00 p.m. Europe EBITDA could see a big rise. Stock looks set for a rally.
More