Since lot of late retail traders shorted TISCO on bad news, it was obvious that tisco should rise back until all the short are covered. Wait until next day for any spike above 411 to re short tisco in that spike with 1st target of 390. Now if the price will retest recent low, the retail traders will be buyers this time and the stock may go further down to 360...
Simple MACD study and negative news in TATA, mistry's confidential letter will be viral soon, which will talk about some debt...negative trigger!!
Short term sell set-up in tata steel. Technicals: Previous day pinbar and twice price rejection at 428 with double top formation coinciding with falling rsi and Stoch Crossover. Target: first target 401. Second Target 385 towards 20 and 30 SMA. Stop Loss: above 430 on INTRADAY basis. Thanks.
It is been observed that the price action formed a harmonic pattern called Bat Pattern indicating bearishness and a counter trend trade opportunity. It is a low risk trade as the price action has already reached to the previous resistance levels at 406. Now if the price action breaks and close above the previous resistance levels of 406 then we shall continue to...
NSE:TATASTEEL Buy Tata Steel at 374.55 wave 3rd target at 379.10, 384.15. Happy trading
Let the rising trendline be broken to get small short call may be till 380-382 levels but be careful- iv-wave is still running post going into 380-382 -wait for a bounce back to same 395-399 to fall again or if TS suddenly creates more pressure then probably -we will place 395 as the top.
Buy Tata Steel Above 385 For Short Term Target 410. Buy only above 385 . 385 have multiple resistance. Sell tata Steel 380 PUT OPTION @ 6.20 - 6.50 TARGET 0.05 STOPLOSS 9.50
Going below 378- TS will be in pressure atleast for the zone -373-374 & if it goes below 373- d-leg shall get confirmed-giving us clue that "e-leg is in process". Regards, Abhishek H.Singh,CMT
NSE:TATASTEEL yesterday nice movement in tatasteel. We got in option (48% ROI) in this rally.
Tata Steel is in an uptrend and is correcting now. It seems to be on the verge of completing an a-b-c correction. It's likely for an impulse to start from here in the upward direction which could target the monthly chart trendlines.
Tata group's flagship companies are in cross hair because of its UK connections. Tata Steel is the example of ambitious plan going awry and Tata Motors is going to be questioned because of its Land Rover automobiles. Tata Steel Selling metal companies was the fundamental trade for last couple of years. Nobody was sparred. Steel glut was/is obvious - thanks to...
I think on 30 min chart 329 and 332 is the range can buy/short, break can take .....