Retracement from day high, reversal on fib, target day high.
We can see frequent buy sell on the same level at 165, amazing war between bulls and bears, let's see where it goes
Personal view only, DYOR
$TATASTEEL buy this stock for long term this will be a multi begger stock, seven companies will be merged till 2023-2024.
1-TATA STEEL LONG PRODUCTS.
2- TINPLATE COMPANY LTD.
3- TATA METALIKS.
4- TRF LTD .
5- INDIAN STEEL & WIRE PRODUCTS.
IF YOU WANT TO BUY THIS FOR LONG TERM IT WILL BE THE GOOD OPPORTUNITY TO INVEST IN THIS STOCK.
6- TATA STEEL.
7- S&T MINING COMPANY.
The markets were sideways ahead of RBI policy with some bearish bias being observed market-wide. In fact, apart from Auto and Oil & Gas, all sectors were negative.
As i said in the video wait for breakout to happen, risky trader may accumulate it @CMP for a target of 52week high/1630+
This is not a call/financial advice and it meant for educational purpose only. I'm not responsible for your profit/losses.
check out my other videos too.
Hope you guys found useful.
Thank you.
Positional Buy.... the earnings report were good and the the second half seems to be good for the company with restrictions on China, demand for local steel should boost the sales. Technically we can see the stock has taken support of upward and downward trendline ... Buy for a final target of Rs.400 with Stop loss of Rs.295
