TATA STEEL Analysis

Gaps pending
Upside: 997.95/1020.8 & 1044

Supports: 869 & 842.85
Resistances: 895.6/927.7/950.8/974.7 & 991.6

Note: OI & Volume to be considered in all the trades.

Conditions applied:

Con 1: If we witnessed Gap up opening nearby 895.6, Wait for breakout & then take long position accordingly with the given levels.

Con 2: If we see sideways opening, then need to watch Volume & OI & then take position.

Con 3: If we witnessed Gap down opening, Wait for support breakout in 15 min candle then only go with short positions.

Note: OI & Volume to be considered in all the trades.