NeeteshJain

TATASTEEL & SAIL FACING RESISTANCE

Long
BSE:SAIL   STEEL AUTHORITY OF INDIA LTD
It is been observed on the Daily chart that the price action trending up in a channel and now facing resistance on the upper trend line , indicating selling pressure. Now, it shall correct a bit from current levels before further moving up.

TATASTEEL
Target: 458
Stoploss: 468

SAIL
Target: 58
Stoploss:60.50


Trade active
Comment: Kindly note that I have mistakenly marked this trade as "Long" in the status but the targets are given as per the shorting it. Regards
Trade active: Reaching to the Targets
Trade closed: target reached