TATASTEEL ANALYSIS
Updated
current patterns:
1.trading in parallel channel
2.closely following trendline support
3.mid of parallel channel will act as resistance and the trendline support confirms that if the whole channel is broken downside.
4.if it breaks upper channel then we can see testing of resistance of 350-360.
CLOSELY OBSERVE THE PATTERNS WE WILL SURELY GET GOOD MOVES AS MULTIPLE PATTERNS ARE CONFIRMING THE CASES IN CASE OF UPSIDE OR DOWNSIDE.
1.trading in parallel channel
2.closely following trendline support
3.mid of parallel channel will act as resistance and the trendline support confirms that if the whole channel is broken downside.
4.if it breaks upper channel then we can see testing of resistance of 350-360.
CLOSELY OBSERVE THE PATTERNS WE WILL SURELY GET GOOD MOVES AS MULTIPLE PATTERNS ARE CONFIRMING THE CASES IN CASE OF UPSIDE OR DOWNSIDE.
Note
small correction in 4th point if it breaks the trendline support after retracing downside
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