Sell Tatasteel at 479 Stoploss 488 Target 460
Did you remember...? Perfectly moved
IF CANDLE CLOSES BELOW BOTH PINK LINES ON BOTTOM GO SHORT AND IF TAKEN SUPPORT GO LONG EVERY THING ON CLOSING BASIS
Shorts can be created at present levels for target of 455
TATASTEEL Looks SELL for short-term correction before taking next rally, sell below 489 ---> 469 target, Keep stoploss 496(on day closes above)
Short Tata Steel between 490 - 495 with SL at 505 for TGT 480, 470, 465
Tata steel weekly chart has a probability of Bearish Bat pattern. Currently stock is trading near its prz zone. Keep an eye on price action near that zone. Harmonic Prz zone also coincides with downsloping trendline and .382 Fibonacci ratio level Near term support is 430 and major support is 490 levels.
INVERTED HAMMER ON 4HOURCHARTS SEEMS BEARISH LEVEL MENTIONS ON CHART
This stock looks quite bullish on all the TFs, still, this stock might see some resistance around 501 level and give some minor downtrend towards 489 -->477-->473--> 457, before moving up. Date 3rd of January is critical which can make the top for the above prediction. For detailed and live updates join the TG channel. Regards, Sharma Yogesh
TATASTEEL has formed a spinning top candle in daily chart. It currently is in the range of Weekly Resistance of 428-436. Crossing resistance of 436 may fetch 452. Short below 420, may fetch 410/400 Long Above 436, SL 428, Trgt 452 Short Below 420, SL 426 Trgt 410/400
if you look at the charts tatasteel is near its 50 period weekly ema if it breaks one can buy with a near tgt 445 which is weekly resistance and tgt2 of 458 which is also a weekly resistance but much stronger and a strong monthly support at 432. IF YOU WANT DAILY ANALYSIS ON TATASTEEL FOLLOW AND SHARE THIS IDEAR YOU CAN ALSO FOLLOW ME FOR DAILY ANALYSIS ON...
- Resistance turned to support - Wick formation in daily chart with huge volumes Expecting a gap up tomorrow. Do your own analysis before taking a trade
TATASTEEL OPENING HIGHER NOT MAINTAIN HIGHER LEVEL CONTINUE DOWN TREND ............SHORT TERM SELL