Niftyadviser
Short

Tata steel TISCO - short re-entry above 411 SL 419

BSE:TATASTEEL   TATA STEEL LTD.
27 0 2
Since lot of late retail traders shorted TISCO on bad news, it was obvious that tisco should rise back until all the short are covered.

Wait until next day for any spike above 411 to re short tisco in that spike with 1st target of 390. Now if the price will retest recent low, the retail traders will be buyers this time and the stock may go further down to 360 based on its fundamental issue being investigated although technical indicators were all suggesting big move down couple of days ago. See my previous post on TISCO.

The closer u can short to 419 lucrative the Risk Reward will be.

Thanks.
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