TATASTEEL intraday analysis for 16th April 2020Stock can open and find resistance before bouncing back to highlighted levels....Once CCI starts going below 100 from above and if price is bouncing for resistance zone, short for highlighted target
TTSTE trade ideas
TATA STEEL - Ready for some actionAfter significant consolidation in the price range of 250-280 , Tata Steel is ready to give an upside surge for a corrective cum indicative move of the next higher degree impulsive wave. Above the dotted trend line it will give an upside surge for a target range of 320-330.
Trading strategy:
Buy above 290 keeping Stop Loss of 265 for target range for 320-330.
TATASTEEL - GO SHORT WITH A RR OF 1:8TATASTEEL - GO SHORT @ CMP WITH A SL OF 295 AND A TARGET OF 205
Tata Steel - Long Term HoldingTata steel is approaching their major support area . Level is 200 Rupees . Investors can Open a long positions from this level
Tata Steel major pressure Time....tata steel may provide a good resistance to bears on this date.....or it can even start a bull cycle if economy supported fundamentally....
Tata Steel - LongTata Steel has completed its bottom @ 270.75 yesterday and if todays low @255 (Spill Over) made holds expect 399 and a correction to form a HL @ 310 - 298 on Daily range and then to 454 to make a LH in Monthly range.
TATA STEEL : Short Parameters :
Position Size : %1
Risk/Reward Ratio : 2.2
Stop-Loss : 309.50
Target : 271.10
