Einstein15

TATASTEEL 7 Year Breakout

NSE:TATASTEEL   TATA STEEL LTD
TATASTEEL moving in a rising wedge recently tested the 7 year high, making a second attempt, with a good fight from either side, while others wait on sidelines to see who wins.

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ur analysis was awesome.
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Einstein15 mahabalesh
@mahabalesh, Thanks. Today was Metal's Day.
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Nice presentation. Spiked up today.
Whats yur further opinion with one year view?
Thanks.
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Einstein15 naveen_agrawal
@naveen_agrawal, There is hardly any structure above 740 to lean onto. ONe has to go back 7 years to find some peaks.Even those are just steep rise and falls. Green lines are the 7yr sup/resistance lines. Looking at recent improvement, one can think of the last pattern as breakout from Cup and handle.. ALso there is a neighboring tight-up-channel in black ,that the price may react to. Lets see how it unfolds.
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naveen_agrawal Einstein15
@Einstein15, Thank you so much for the detailed analysis and kind reply.
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