Tata Steel

Tata Steel

If Tata Steel closes below Rs 560 on a weekly basis, Tata Steel may see Rs 465 within next few weeks.

Tata Steel has made a Doji (indicating a trend reversal) and is current forming a Gravestone Doji.

One can sell a 600 CE of July contract and Short the stock in Futures for a Target of Rs 500 and Rs 465.

Stop Loss should be maintained at Rs 575

Immediate Support – Rs 500, Immediate Resistance – Rs 560