Almost 120 points fall predicted on TATASTEEL.
Reversal can be from now. So i suggest to book profit on this stock.
Look this chart was updated by me last month. Almost 120 points fall from my short-selling level.
Presenting my view on TataSteel
Bull Flag & Bear Flag in action
Watchout for the supports mentioned on the chart ie S1(241)-S2(200)
If these supports held and price reversals can be expected, with higher levels of 352-388-440
Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.
"Always Respect Risk"
Tata Steel is in the multi year support zone from 250's till 175 levels
one can keep accumulating TATA STEEL at levels of 250, 220, 200, 185
However one should consult their financial advisor before making any
decision to buy or sell equities
Tata Steel - If price sustains above 441 one can look to go long post break out or possibly even above yesterdays high with a target of 451.
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We can see that the stock has taken support at the critical level, below this the stock may fall badly & resume it’s trend down. The RSI is holding on to the 40 levels, we may expect the hammer to work and prices should move ahead from this level. The probable target zones in short term may be around 450 & 500 levels while closing below 285 will be not good.
Key Levels for TATA MOTORS Search >>> OPTIONSCALLFREE on Telegram for more updates
Please trade with caution and consult your financial adviser before trading.
Tata steel is forming bearish pattern and the price may go further down. This sharing our idea about the targets. Please, do your own analysis before investing. Follow our Telegram channel for further updates UG MARKET.
SELL below: 439.5 T1- 435.7, T2- 428, T3- 422 SL- 445.25
BUY above 445 T1- 449, T2- 453, T3- 457 SL- 439