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Reputation: 7,665  •  Jun 24 11:40 AM
TATA STEEL Trend Analysis for NSE:TATASTEEL by Swastik86
Chart looks highly bearish and is replicating Metals Index. Expecting support to be around 700 level. Good to accumulate around 650 - 700 levels for the following targets: Short term swing target @ 1015 (50% ROI with 4.9 R:R) Medium term swing target @ 1180 (75% ROI with 7.3 R:R) Long term positional target @ 1425 (112.5% ROI with 10.7 R:R) Stop loss around 600 for conservative traders. Fundamentally sound and currently trading below its book value, while borrowings are concerning …
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Chart looks highly bearish and is replicating Metals Index.
Expecting support to be around 700 level.
Good to accumulate around 650 - 700 levels for the following targets:
Short term swing target @ 1015 (50% ROI with 4.9 R:R)
Medium term swing target @ 1180 (75% ROI with 7.3 R:R)
Long term positional target @ 1425 (112.5% ROI with 10.7 R:R)
Stop loss around 600 for conservative traders.
Fundamentally sound and currently trading below its book value, while borrowings are concerning though company is reducing it aggressively.
Do your own due diligence before taking any action.
Peace ✌️
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NSE:TATASTEEL price when posted: 852.85
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Thanks for your support💪
Jun 25 2:30 AM
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Tata steel go long
Jun 27 12:57 PM

It's a misleading news. Rather, Tata steel is now in a bullish mode and may cross 1100 level in July looking at its high intrinsic value and positive outlook given by Moody rating agency.
Jun 28 9:09 AM
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