TATASTEEL has given a good fall in prices after the breakout. The fall in price is currently halted & is seen consolidating. It has potential of a pullback towards the cradle as its in oversold zone. A throwback upto 410-430 range cannot be ruled out. Thus, traders can buy in the range of 335-347 for short term trading with a protective stop loss below 275....
TATASTEEL making lower low but indicator is looking strong
If 330 is broken downside can be a shorting opportunity
If 350 is broken downside can be a long opportunity
Key Levels for TATA STEEL are :
Upper Breakout~350
Interim Resistance~355
Final Resistance~361.50
**Lower Levels**
Lower Breakout~337
Interim Support~330
Final Support~324
Please trade with caution and consult your financial adviser before trading. You can also join our TELEGRAM channel from the below mentioned link, t.me
Tata Steel is in a Down Trend, with upcoming support based at 386 and final support based at 371 on the other hand upper resistances for TATA STEEL are 408 and 427. Tata Steel can again test 396 in the upcoming session, Today gave a call of 350 pe on telegram channel BUY at 3.70 with targets of 4.20 and it went to hit the targets. Check the about section to join...
TATASTEEL CAN BE BULLISH ACCORDING TO MY ANALYSIS
AT WEEKLY FIB 61.8
AT LOWER TRENDLINE
400 STRIKE PRICE HAS THE HIGHEST PUT OI
DISCLAIMER
TRADE/ INVEST AT YOUR OWN RISK
Double Top pattern spotted in Tata Steel . Pattern is confirmed as price has broken below 500; neck level retesting looks to have done already. Pattern suggests a target of 485.
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