NeeteshJain

TATASTEEL & SAIL FACING RESISTANCE

Long
NeeteshJain Pro+ Updated   
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
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.