NeeteshJain

Tata Steel at High Reward Ratio Setup

Short
NeeteshJain Pro+ Updated   
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.
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