TATA STEEL

7 Haz 2020

THE 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