TATA STEEL LTD
Long

TATASTEEL – Triangle breakout – 50% upside potential

706
TATASTEEL has given triangle pattern breakout from trend line resistance level of 116.
Target: 124, 138, 148, 178
SL: Daily candle close below 115
Note: All metal stocks seem to be giving new breakouts, looks like new uptrend has just started. Metal sector looks good for next 6 mon to 1 yr.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.