TATA STEEL LTDLong
Stock in DEmand Zone: Tata Steel
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TataSteel is trading in the demand zone of 150 levels.
If it takes support around 20 EMA we can expect next levels like 155, 170.
Long term target: 210.
If it takes support around 20 EMA we can expect next levels like 155, 170.
Long term target: 210.
Transaction en cours
I suggested TataSteel on Sep 6, when it was trading near the demand zone of 150 levels.
As expected it took a strong support around 20 EMA and gave a breakout toward 155 levels.
However, the breakout did not sustain and a pullback happened, bringing the stock price again to 149 levels.
Again on Sep 19th, it took the support around 149 levels and gave a strong breakout toward 169 levels.
After a short pullback, the stock is trading near 160 levels.
Currently, Tata Steel has given a breakout with decent volume.
If the trend continues, we can expect the bullish trend to continue up to 170 and 183 levels.
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