Long Tata Steel, trading in bullish channel

17 nov 2016

Tata Steel has been trading in bullish channel respecting support and resistance aalthough there have been small false break but it continued in the same direction, it has already touched its channel support and there is still a buying opportunity, Risky traders may enter long at CMP with a target between 440-450.conservative traders my wait as if market open in red on week end tomorrow it may retest the supprot 380, then enter long with small stop loss.