FINNifty CMP = 19447, Midterm Trend is Bullish, where Momentum is Down, also Midterm Volatility is shrinking. So, FINNifty is Range bound or some down move is expected. FINNifty broke down the Up Trendline also a minor break below last week low. Sell below 19372, Target = 18980 and 18800 Stop Loss = 19485
Nifty CMP = 18614.9, Midterm Trend is Bullish, where Momentum is Down with a hidden Bullish Divergence, also Midterm Volatility started shrinking. So, market is Bullish with low momentum. Nifty took a pullback on Trendline and stalled, Buy above 18634, Target = 18800 Stop Loss = 18531
TATASTEEL CMP = 113.8, Longterm Trend is Bullish, Momentum is also Bullish, also Longterm Volatility at minimum level. So, the stock is Bullish with good momentum also Volatility breakout is expected above 120 level. TATASTEEL given a good breakout above 3 months High, Buy @CMP 113.8, Targets = 120 and 131 Stop Loss = 108.5