CautiousChartist

TATA STEEL - Cup and handle + Retest

Long
NSE:TATASTEEL   TATA STEEL LTD
Travelling in a Parallel Channel .
Along the way it formed a Cup and Handle pattern and most importantly it broke out with good volumes.

Retested back to the line of least resistance and is now all set for anew journey.

All this is happening at the bottom of the Parallel Channel is great for the stock to head back to the top of the Channel.

Low Risk and High Reward
Comment: Nifty Metal index is turning weak on account of a divergence. Suggest to book 50% profits
Trade closed: target reached: Booked 100%