TATASTEEL short positionThe price has been traded in the range.
Currently the price has been approaching the upper boundary of the range, which should be acting as a resistance.
The price has been respecting an upsloping support and we believe that the price will hit the resistance which would be our entry for the short p
Tata Steel 2023 Tata steel has been forming an ascending triangle respecting support zones.
The average Relative strength of a 14 day period remains above its 50 Parameter which is an indication of a continuation to the upside, therefore our targets for the stock is Rs.120
Strong support levels are 111.20 and 112.
Tata Steel1!28-11
Daily chart of Tata Steel1!
LTP: 105.30
Candles are trading below 200 EMA and the manual trend doesn't look strong.
The candles respected resistance at 109.25 & 106.85 (manual) and 106.95 (200 EMA)
RSI has a bearish crossover and couldn't succeed in an attempt to breach.
I have bought 105 pe
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Frequently Asked Questions
The nearest expiration date for TATA STEEL FUTURES is Apr 24, 2025.
Traders prefer to sell futures contracts when they've already made money on the investment, but still have plenty of time left before the expiration date. Thus, many consider it a good option to sell TATA STEEL FUTURES before Apr 24, 2025.