Tuesday, May 30, 2017

TATASTEEL FUTURE TRADING TIP FOR 31 MAY 2017


YESTERDAY’S RECOMMENDATION UPDATE:
wockpharma near tgt 630 made low of 628
you can hold for tgt 630,650  
toatal intrady profit 26400
BUY TATASTEEL ABOVE 516 TGT 522/528 SL 505

Primary trend of the stock is bullish and is consolidating at the higher level after bullish move. It is expected to continue the bull run with the crossing of the resistance level of 516, as the stock is sustaining above its 200 and 22& 50 days moving averages with the RSI of 70. One may initiate the long position above the mentioned level for the targets of 530 and with the strict stop loss of 505.on the other side it is likely to show correction with the breach of the support level of 505, where one may initiate the short position in it for the targets of 490,480 while stop loss can be placed at 520.
DAILY CHART FOR TATASTEEL



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