TradingEdge_Academy

TATASTEEL - MOVING IN AN UPWARD CHANNEL!!

NSE:TATASTEEL   TATA STEEL LTD
TATA STEEL LTD. #TATASTEEL

- MOVING IN AN UPWARD CHANNEL
- TOOK SUPPORT FROM 400EMA, THEN 200EMA AND NOW FACING STRONG SUPPORT FROM 100EMA.

INDICATORS:
RSI IS BELOW 50-LEVEL
CVD IS NEUTRAL
TT2 TREND IS BEARISH IN 30MINS

COMMENTS:
1. SELL BELOW 100EMA/335
SL 341
TGTS 327/400EMA/320

2. BUY ABOVE 342
SL 100EMA
TGTS 348.351

KEEP AN EYE!!

NOTE - BREAKOUT HAS TO HAPPEN WITH MORE THAN AVERAGE VOLUME AND THE FOLLOWUP CANDLE MUST SHOW CONVICTION!!
***Always keep buffer with target and SL level
***in case of GAP opening, the given levels become invalid.
***this is my personal view. Please take advice from your financial advisor before investing.

-
Garey
Whatsapp - +91 9999 504 500
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