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: