Tisco Demand zeone Tisco Demand zone held for almost 1 year tested 6-7 times and bounce back
watch if comes near 1050
TISCO
Tatasteel....still bullish ??With steel prices firming in china commodity market.
Tatasteel likely to been bought into every decline...
currently 1183-1185 remains a hurdle to cross for more bullishness.
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TATASTEEL - GO SHORT WITH A RR OF 1:8TATASTEEL - GO SHORT @ CMP WITH A SL OF 295 AND A TARGET OF 205
Tata Steel cmp 434, 4 hour chart, forming Harmonic patternTata steel has already given breakout from daily weekly and rested support at 420 (please check daily weekly chart), with respect to breaish butterfly harmonic pattern , point no. A-B and if C holds @ 430 (where support trendline is also seen) it will again move up to complete the pattern. Target is coming around 530 with SL at 415 dcb cmp 434. Risk to reward is 1.5:10
Remember this pattern is valid only if point no. C holds, hence prz @ 430, if it respects will be updated here in same thread.
Sharing is for education purpose only.
