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Tata Steel - Price should break 440 for upmoveTata Steel has been enjoying a great run lately due to positive global news for the sector
The stock has rallied from a low of 250 to CMP 423, a 169% growth
The stock is trending on Daily charts.
However the stock will have to break 440 on weekly charts with momentum and high volumes to enter a new zone
The stock is trading above all the major averages including 10, 50, 100 and 200
There has been a gradual shift of Control Price on Volume Profile from 275 to 340 to 400 which is a Bullish sign
The stock has potential to reach 475 levels in short term provided Global environment stays positive.
TATA STEEL BREAK-OUT WITH HIGH VOLUME :-)TATA STEEL breaks-out the channel with high volume. The break-out will be confirmed above 379 level.
check-out the over all market conditions before taking any decision.
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TATA STEEL LTD. SELL BELOW 320 TGT 308TATA STEEL LTD.
The stock made a bearish move today and closed above an important DEMAND zone (325 - 320).
RSI is below 40 and bearish>
TT2 is Bearish.
If the prices break this DEMAND ZONE with volume, the prices will fall swiftly towards 308 levels.
KEEP AN EYE!!
***this is my personal view. Please take advice from your financial advisor before investing.
TATA STEEL - Sell Below 320 TGT 308TATA STEEL LTD.
The stock made a bearish move today and closed above an important DEMAND zone (325 - 320).
RSI is below 40 and bearish>
TT2 is Bearish.
If the prices break this DEMAND ZONE with volume, the prices will fall swiftly towards 308 levels.
KEEP AN EYE!!
***this is my personal view. Please take advice from your financial advisor before investing.
Tata Steel Ltd. - When will it breakout of the Triangle Pattern?Tata Steel Ltd.
The stock is consolidating in a symmetrical triangle pattern in the daily chart.
Technical indicators are neutral. Time-Trend indicator is Bearish.
If the prices give the downward breakout fromt he triangle, the prices might swiftly move to 254 in couple of days.
However, it is likely to see breakout above swing high of 290 levels and the price can touch 305 price point.
KEEP AN EYE!!