TATASTEEL, The following points are confirmation for U-Turn.
The following points are confirmation for U-Turn.
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.
- The volume will decrease if stock wants to change the direction OR, Volume 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.
Trade closed: target reached:
Thank you