The stock is showing continuous divergence in hourly chart and yesterday Price bar was a key reversal bar so one can short the stock for a target of 460 - 455 and evaluate the trade at that level to continue with trailing stop loss or to take profit.
Tata Steel trading in uptrend in a channel respecting support and resistance, it is approaching short term support after touching the resistance. we may short with a target of 440 in near term.
TataSteel has given supposedly very good results.
This was displayed in its price action since days (see the chart in related ideas).
It is now fully ready to give a major breakout. which should not only continue for tomorrow but also days ahead.
I have drawn the lines to help you guys trade.
CMP - 473.5
Entry - 475 and above.
Target - Hold it.
( for...
TATASTEEL has tested resistance.
Divergence in RSI
Both stochastic's in overbought zone, and are exhibiting divergence.
Do you think this is a short?
Let me know.
It is been observed on the Daily chart that the price action trending up in a channel and now facing resistance on the upper trend line, indicating selling pressure. Now, it shall correct a bit from current levels before further moving up.
TATASTEEL
Target: 458
Stoploss: 468
SAIL
Target: 58
Stoploss:60.50
Tata Steel has formed bearish triangle on monthly chart
it is reverse with bearish in side bar in top of supply line
short this counter with sl of in side bar high 441.5
if pattern work target 205
enjoy long term tread
