FUTURE :
“BULLISH
TATASTEEL ABOVE 240 TGT 245/250”
“BEARISH
TATASTEEL BELOW 230 TGT 225/220”
Overall trend of the stock is weak, it is accumulating at the
lower levels and is sutaining below the falling trend line. It is likely to
show recovery with the breakout of the trend line at the level of 240. Further
the stock is trading with the RSI of ABOVE 30, in near term buying
opportunities can be seen in it. One may take long position in the stock above
the level of 240 with the stop loss of 230, where longs can be covered at the
levels of 250.
DAILY CHATS
|
Daily
Level
|
R5
|
R4
|
R3
|
R2
|
R1
|
BULL
|
LOC
|
BEAR
|
S1
|
S2
|
S3
|
S4
|
S5
|
|
251
|
246
|
242
|
239
|
237
|
236
|
234
|
232
|
230
|
229
|
226
|
221
|
217
|
|
Weekly
|
R3
|
R2
|
R1
|
REVERSAL
|
BULL
|
LOC
|
BEAR
|
REVERSAL
|
S1
|
S2
|
S3
|
|
Levels
|
273
|
269
|
267
|
264
|
263
|
263
|
262
|
26
|
258
|
256
|
254
|
Simple Moving Averages
|
Days
|
BSE
|
NSE
|
|
30
|
268.56
|
268.44
|
|
50
|
282.46
|
282.41
|
|
150
|
331.11
|
331.14
|
|
200
|
358.89
|
358.90
|
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