Steelsector
long on TATA STEEL BSLtata steel bsl is getting in very attractive valuation buy it for an 1target-108/-
30% upside potential in SAIL for positional trade>A good breakout above a multi year strong resistance of rs100 and a good consolidation at 38.2% fib level and retest of 50EMA.
>A long position can be initiated between 122 to 130 for a target of at least 30% with a stoploss of 115
>A favorable risk reward ratio of above 4
Tata Steel BSL bullish above 110.Self Explanatory Chart.
Would love to know your views.
NSE:TATASTLBSL
Long on SailHey Guys,
Get ready for the Blast and its an opportunity to get Double/Triple returns in a very short period of time because Metals is about to shine more as in above analysis Sail is retesting its earlier resistance now taking support on exact levels /range which will turn it in a very big move towards 200/ 250 and many more to come
Tata steel short opp again tata steel is going for fueling to break new high mark it!!
ohk for tmr tata steel will be for short side as it is hold in support so the support will be seen to be break and tg is 1050
REASONS
1- 200 ema support also candel support lvl is also there so we can get our tg easily after that if good volume support is taken then market will go for long bullish
2-also wait to buy till rsi break it own trend line also macd not giving proper bullish signal
it had explain you in simple manner so you can get
//buy signal will be genrated whenn it break rsi trend also 1134 lvl //