Dear friends, Share markets are unpredictable and nobody is the master of this field. Will Tata Steel’s Bull Run be Continue?
Today is my question is that “Will Tata Steel’s Bull Run be Continue?“?
John Templeton says, “bull markets are born on pessimism, grow on scepticism, mature on optimism and die on euphoria?”
Understand these lines and enjoy the markets.
Let us study Tata Steel’s simple technical chart, and everybody can analyse.
As you can see the bull run or breakout has started at around Rs. 705/- and now the stock is at Rs. 812/-.
The breakout history of the stock is clear and the same way this breakout matches and confirmed.
Here I am not going to explain chart analysis because there are tv channels, YouTube and newspapers are full of analysts, who are making you understand very well how to read chart of any stock?
Also I am not a specialist of markets, I only read any stock at my own and take decision whether a stock to be bought or sold.
As per chart the Tata Steel is showing a clear breakout and eligible to buy.
This is my personal view because I have bought this share’s option of Rs. 830 strike price at 33.60.
I expect the value of this option to be 38.95 within the next day.
Take your own decision and enjoy the trade, any profit or loss will be only your responsibility.
Tata steel stock related news are floating around in bulk for positive direction move.
Share markets are always played on optimism.
Along with Tata steel, ITC is looking strong to buy at this level(Rs. 218.5) and expected price is around 230 within one or two trading sessions.
Share of Tata steel also run up a lot since breakout level and a word of caution also to be exercised.
Not earning money from share markets is not your failure but to save your money from losses is your achievement.
Happy trading and try to save yourself from losses.
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