TATA STEEL IN BULLISH MODE IN DAY CHARTNSE:TATASTEEL
TATA STEEL is in very bullish in trend on daily and weekly chart.
Buy Near 170
SL 145
Target 210,250+
Time Duration 1-2 month
Tatasteeltrend
TATASTEEL-- Near its Demand zone??the stock is in uptrend....now the price is near to its demand zone
A strong demand zone, may pushes the price upside...
keep on buyside from this levels....
we have a trendline support as well.....
TATA STEEL Trend AnalysisChart looks highly bearish and is replicating Metals Index.
Expecting support to be around 700 level.
Good to accumulate around 650 - 700 levels for the following targets:
Short term swing target @ 1015 (50% ROI with 4.9 R:R)
Medium term swing target @ 1180 (75% ROI with 7.3 R:R)
Long term positional target @ 1425 (112.5% ROI with 10.7 R:R)
Stop loss around 600 for conservative traders.
Fundamentally sound and currently trading below its book value, while borrowings are concerning though company is reducing it aggressively.
Do your own due diligence before taking any action.
Peace!!
Tatasteel UpdateAfter break out tatasteel gone mad. But here it's come to first resistance area. 625.15 to 647.6 and RSI near to 80. Get ready to profit booking in upcoming weeks.
R-0131 BUY STOCK OPTION TATA STEEL CALL 370 AUG370 CE CMP 12.85-13.85
SL 7.80
TGT 25
The price has corrected from day's high but chart pattern still looks bullish so a good buy at the current level.
