Tata steel is in downtrend since long. The critical levels are at around 310-300, then 375-280 and then last at the trendline which falls around 320-340 when the price may touch the trendline. If any of these levels is not respected then the stock will become too risky to stay with as an investor. If returned from any of the levels, then consolidation - sideways will begun. Breakout will still be awaited for entry.
Traders can remain short till then and options can be written on 340-360 CE for better results.
Traders can remain short till then and options can be written on 340-360 CE for better results.