Tatasteel
TatasteelObservations for Time Frame : 5 - 7 trading sessions
Last Close : 323.85
Short term trend down
Sell below 322 ans also near 334 on rise
targets 314.2 (Strong bounce back zone)
breakdown below 313 Bears will be in control upto 303/297
Options Stretegy : 300 PE looks lucrative..
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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
TATA STEEL BREAKOUT AND NOW TIME TO BUYTATA STEEL BREAKOUT AND NOW TIME TO BUY
& GET 1:2 RISK REWARD LEVEL AS INTRA-DAY.
AND SHORT TERM TRADING LEVEL. YOU CAN TRADE WITH OPTION (ATM) (ITM) & WITH FUTURE JUNE EXPIRY
AND FOLLOW THE STOP LOSS IF YOU GET 1ST TARGET THEN YOU CAN TRAIL YOUR STOP LOSS.
PLEASE GIVE ME ENERGY FROM YOUR VALUABLE LIKE BUTTON AND SHARE AND COMMENTS.