- The will decrease if stock wants to change the direction OR, will be average vol.
- We will see the tail end of last 2 candles after a surge in price (approx. upto 491.8)
The currently TATASTEEL is trading in up-trend, but time-Cycle(iii) is the negatives in time. The previous support can be convert into current resistance 490 nearby.
From footprint of the daily chart will give very clear picture of this stock.
When you connect the recent tops on a weekly chart, it has clearly broken the trend line with volume confirming inverted double bottom. That puts a tgt of 672 as an achievable target for Tata Steel.
Your thoughts on this one please.