Long
#TATAMETALI 23%$return $TCS $TATASTEEL $JSWSTEEL $HINDALCO $SAIL
#TATAMETALI
TTATAMETALI
CMP: 1055.70
Target: 1300++
May Hold if longer time frame planned.
Stoploss: 897 (on close price basis)
Time Frame: Less than 3 months.
Factors:
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Higher Highs & Higher Lows.
Breakout above RESISTANCE levels
Trading at SUPPORT levels
Fundamental are strong.
High Revenue
High Cash flow
Asset Quality Good.
Earnings report & quality strong
EPS Positive
Risk Return Ratio is healthy.
And
Rising from the Bottom to Bullish Wedge Pattern Breakout to Flag Pattern Breakout.
The stock has given a all time high breakout.
Potential to reach high further.
TTATAMETALI
CMP: 1055.70
Target: 1300++
May Hold if longer time frame planned.
Stoploss: 897 (on close price basis)
Time Frame: Less than 3 months.
Factors:
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Higher Highs & Higher Lows.
Breakout above RESISTANCE levels
Trading at SUPPORT levels
Fundamental are strong.
High Revenue
High Cash flow
Asset Quality Good.
Earnings report & quality strong
EPS Positive
Risk Return Ratio is healthy.
And
Rising from the Bottom to Bullish Wedge Pattern Breakout to Flag Pattern Breakout.
The stock has given a all time high breakout.
Potential to reach high further.
Note
Compare with peersNSE: JSWSTEEL
NSE: TATASTEEL
NSE: SAIL
NSE: HINDALCO
NSE: JSL
NSE: STEELCITY
NSE: JINDALSAW
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With 💚 from Rachit Sethia
Trade closed: target reached
In Less than 2 working days target reached!
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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.
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.