Tata Steel Ltd
It had huge support in the range of
214--200-195 and it bounced back from 200.10 level and now looking good on the
daily chart and given upside breakout from the recent top of 234.60, so the
upside target could be 254.90/268.50/274,if it hold the range of 230--226 but
it is hugely bearish on the weekly and monthly chart. Therefore the on- going
rally seems to be a pullback only as of now. One can try long call at current level or on dip but avoid fresh trade below 234 and get
alerted in trade below 230 and exit trade if it breaks 225 level.
Disclaimer:-The view expressed
here are solely of the author and he is not at all responsible in any way for
the outcome of the trade you enter based on the above view.
Note:
Price stated here is of spot market.
Contact me for
strategic guidance to enter and exit the trade.
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Thank you for sharing your views.