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Tatasteel

TATASTEEL | Range Bound | Price ActionTATASTEEL is currently moving in a range, indicated by the trend lines. It is taking good support on the lower trend line. The stock can be traded within the range(Buy at the bottom and sell at the top, short at the top, exit at the bottom). It could give a potential breakout on the upper-side, with the first target around 562 and second more aggressive target around 610. Breakdown on the lower side seems limited, however if the stock breaks the lower trendline, it could give target of 520 and 510.
NSE:TATASTEEL
by Firestorm_11_
TATASTEEL - PULLBACK ON LOW VOLUMENSE:TATASTEEL TATASTEEL OVERALL OUTLOOK REMAINS BULLISH ON 17TH NOV,PRICE OPENED GAP UP AND FORMED A STRONG BULLISH CANDLE WITH HUGE VOLUME BUT AFTER THat PRICE STRUGGLED TO MOVE HIGHER,VOLUME ALSO ON DECLINING SIDE AFTER WHICH PRICE STARTED TO RETRACE ,AT FIRST WITH EXPANDING VOLUME ,THEN ON EXTREMELY LOW VOLUME THERE ARE TWO POSSIBLITIES,EITHER >>>>> PRICE GRADUALLY MOVE DOWN ON LOW VOLUME AND TAKE SUPPORT AT 495 -502 ZONE (PREVIOUS GAP) BEFORE MOVING HIGHER (or) >>>>> PRICE COULD TEST THE RESISTANCE (RECENT HIGH) FOR SOME TIME BEFORE MOVING HIGHER ON VOLUME EXPANSION
NSE:TATASTEEL
by Arun_000