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TATASTEEL Support & Resistance #TATASTEEL Current Price: The current price is 166.55, showing a recent uptrend. Support Levels: Around 145-150: This area served as a key support level in recent months. Around *160: Prior support and resistance levels clustered around this zone. Resistance Levels: *170: The stock faced resistance here before declining in previous rallies. *175-180: A major resistance zone, based on previous peaks (March, June). Buy Entry: Consider entering between 160-165 if there is a pullback to this level. This zone aligns with prior support, and buying on dips is safer if the uptrend holds. Sell (Profit-Taking): First Target: 170-175: The stock may face resistance around this level. It is ideal for taking partial profits. Second Target: *180: If the stock breaks the *175 resistance, *180 could be a solid second target. Stop-Loss: Place a stop-loss around €150-155, below the recent low, to protect against downside risks. Hold Decision: If the stock maintains above €170 with increasing volume, it might be worth holding for a further breakout beyond 180 for extended gains.
NSE:TATASTEELLong
by SkyTradingZone
#RENUKA Shree Renuka Sugars has broken out #RENUKA Shree Renuka Sugars has broken out of a bullish cup-and-handle pattern on the weekly chart, signaling strong upward momentum. The stock is trading at ₹53.05, with resistance at *55 and ₹60, and support at *48 and €44. A significant volume spike during the breakout indicates institutional buying, further confirming the strength of the move. Ideal entry point: Around 50-52 for swing traders, with potential short-term targets of *55 and 60. A stop-loss around 48 is recommended to manage risk. SHREE RENUKA SUGARS LTD-TW-NSE 028.30 H30.50 £6.95 €17.05-1.25 -4.420
NSE:RENUKALong
by SkyTradingZone