Tata Sponge Iron Ltd- Possible Consolidation Triangle Breakout
The Stock was on a consolidation mode after a good positive rally..
Again it is ready for the momentum.
High chances of possible breakout at upper side for a new 52 week High.
Entry Point Rs 940
Strict Stop loss Rs 920
Target1- Rs 975-980
Target2- Rs 1100
Risk Reward Ratio 1:8
Again it is ready for the momentum.
High chances of possible breakout at upper side for a new 52 week High.
Entry Point Rs 940
Strict Stop loss Rs 920
Target1- Rs 975-980
Target2- Rs 1100
Risk Reward Ratio 1:8
Trade active:
960 CAN BE THE CONFIRMATION OF THE ABOVE IDEA..SO BE READY FOR A NEW HIGH
Trade closed: target reached