Almost Sureshot Trade
This Time Coming with Metals Sector
Tata Steel Buy near 260-265 Levels
with one and Only support 249-250
for a Target 280-295-310+
Comments For Any Stock Related Query !! I will Try TO Post My View WIth All Levels And Chart
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
tatasteel i seen to , 1st angle : head and shoulder pattern but need to 505 one weak closed. then pattern compleate do.next we buy dip means 475 lvl buy stoploss 435 target 570 next april month come
2nd angle : its 2018 january top 704 to fall continue 2year .made bottem 320 , and now its previous 2 year trendline break and closed...
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.
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it is near major support zone and is defending well and overall is in uptrend so one can buy with stoploss of 399.50 on closing basis and keep a tgt of 425 which is acting as major resistance and you can also see the stochastic and volume for further confirmations and if us& hina trade deal goes through it will rocket
One might buy Tata steel on dips with SL placed at 455 and targets of 479/485. The RSI is placed at 30.36 and indicates a high probability of a bounce back. It is also supported by the bullish candle created today. Bounce on the Nifty also supports the move.
Reasons for telling long,
1. check the estimate vs actual and after effects of price, this time it ll post lower than estimate.
2. it is in trend line support for short term and dropped from resistance trend line of medium term, hence if bounce confirmed i.e if goes above 535 zone marked in trend (tats why only for aggresive trader, defensive trader can wait for...