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Jyotibansalanalysis

Is TATASTEEL Trading At A Fair Valuation?NSE:TATASTEEL has been falling since 185 rupees and has reached about 50% retracement level today from the last swing. Though this stock is in surveillance as the PE is above 50, But also considering the PB of less than 2 and other similar factors, It may not be that bad after-all. Technically speaking, The stock is trading at an RSI of about 30 on daily, and there is a bullish divergence on hourly chart. There is a doubt in my head due to the new Virus news sentiments. If it goes to 120, It would be trading around 61.8% retracement which would be an ideal buy for me. Currently I am tracking this stock and considering an early buy at 132-133 range. ~ Trading Idea by Dr. Sagar Bansal via @jyotibansalanalysis
NSE:TATASTEEL
by jyotibansalanalysis
Can 2025 Be A Reversal For INDUSINDBK?NSE:INDUSINDBK has been falling since 1700 rupees and is all the way down about 50% from the last swing low. Recently the bank has shown a short term crash like structure where a Divergence build-up usually results in a reversal. The 61.8% level which is considered a good retracement level is still far below at 780. But considering the current sharp fall, the divergence buildup, and 50% retracement, it might not be a bad idea to enter an early buy position. Currently the major challenge for this bank is 1000 level which is somehow acting as a psychological resistance. 925 can be a hard stop with reconsideration of second buy at 780. ~ Trading Idea by Dr. Sagar Bansal via @jyotibansalanalysis
NSE:INDUSINDBKLong
by jyotibansalanalysis
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