NSE:TATASTEEL
Hi Everyone
This is an continuation update of our previous forecast. If anyone has any query feel free to ask me.
Thank You
Wave Forecast
Tata Steel Ltd is a well diversified business entity. It manufactures ball bearings, hand tools, tubes, steel wires, and also operates chrome mines..The company also in the business activities of Steel, Ferro Alloys and Minerals.
CMP: 1213.60
Target: 1332
Buy above 1199 which is critical support. use dip to buy strategy. Breakout of W Pattern it may retraced to...
Tata Steel - Long
Buy zone:1132-1062
Upside Target: 1185 1245
Support Levels: 1089, 1040
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You can also see my other stock analysis and the...
Price as discussed in weekly time frame ( related ideas) rejecting from the trend line, as said after confirming the rejection we can go for short trades.
AS seen in the pic price is forming a parallel channel pattern at the weekly trend line which is the rejection levels, wait for the channel break and enter the short trade.
If channel breaks up then the above...
Price once again reaches the channel top and there is high chance for rejection from this level. Only thing is wait for the reversal signal and go for the short trade, do not enter without confirming the rejection.
