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Tatasteel

R-0060 A breakout trade in Tata Steel Go long Tata Steel futures in the Rs 350-352 range with a stop loss at Rs 345 for targets of Rs 360 and Rs 375. After a prolonged downtrend, Tata Steel has staged a smart recovery in the past few weeks. The series of buy signals in the daily Point & Figure chart is a bullish sign. The breakout above the downsloping trendline in the Point & Figure chart reinforces bullishness. The price is also outperforming the Nifty Metal Index indicating relative strength.
NSE:TATASTEELLong
by brainmassfinance
TATA STEELTHE STOCK HAS CROSSED THE RESISTANCE OF 336 WITH GOOD VOLUMES THE STOCK CAN GO TO TEST FUTHER TO TEST VPOC OF AROUND 350 , ALSO THERE IS A PREVIOUS GAP TO BE FILLED IF U CHECK THE DAILY CHART NOW 336 WILL ACT AS STRONG SUPPORT , THUS MONDAY THE TATA STEEL LOOKS STRONG IF IT OPENS GAP UP WE CAN WAIT TO RESTEST THE SUPPORT ZONES OF AROUND 336 LEVELS AND GO LONG FOR TARGET OF 350 ZONES , OVERALL NIFTY METAL IS ALSO AT A CRUCIAL RESISTANCE ZONE , SHOULD TAKE TRADE WITH CONFLUENCE IF OVERAL SENTIMENT OF NIFTY AND NIFTY METAL , AS PER GLOABL INDEXES NIFTY IS EXPECTED TO OPEN GAP UP , WE HAVE A FAIR CHANCE IN THIS TRADE WITH TAGET OF 350 , ONE CAN KEEP A STOPLOSS OF AROUND 332-1136 ZONES THE RISK REWARD RATIO SEEMS TO BE FAVOURABLE HERE , VIEWS OR SUGGESTIONS ARE INVITED , THANKS
NSE:TATASTEELLong
by Mindfreakak