NeeteshJain

Tata Steel at High Reward Ratio Setup

Short
BSE:TATASTEEL   TATA STEEL LTD
It is been observed that the price action has previously breaks out from a channel and then retrace back to the previous channel trend line , forming a V shaped signaling completion of retracement and now the price action shall further move down toward 340 target levels decided on the facts:
1. Measurement of the breakout channel and
2. Previous Resistance levels now shall act as support levels.

Risk/Reward: 1/5

Target1: 342
Stoploss: 381

Trade closed: target reached: Target reached yesterday.
Trade active: Targets of JSW steel was achieved yesterday and now it is in progress to achieve targets.