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Ashish Ghosh is a NCFM certified research analyst for the global and Indian financial markets. With more than 15 years of experience in the capital market, Ashish has been published in high-profile online media regularly. He holds a B.Sc. in Math along with NCFM certification for Technical and Fundamental analysis. Presently, he is working with iForex as a financial analyst/content writer since 2017, analyzing mainly the global and Indian markets. You can reach him through Gmail/telegram ID: asisjpg

Wednesday, 10 August 2016

Tata Steel: 385-395 may be a big hurdle despite Govt support/MIP; huge debt & UK pension liability may drag despite better outlook for the standalone entity

Trading idea: TSL

 CMP: 375

Either Sell below 385 OR around 395-405 OR on rise around  425-435;

 TGT: 360*-345-330-310-290*-275-240-230-210*-190 (1-3/6M)

 TSL>390 OR > 415 OR > 445
Note: Consecutive closing (3 days) above 445 for any reason, TSL may further rally up to 460-475*-485 and 505-535-580 zone in the near to long term (alternative bullish case scenario).

For any long position holder, 370-360* may be the immediate positional support zone.

More to be updated----


Analytical Charts:










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