Sanjan91

TATA STEEL SHOWING A BREAK OUT SIGN!

Long
NSE:TATASTEEL   TATA STEEL LTD
Tata steel stock price has fallen in recent times. However, the price is showing bullish signs now. The volumes are increasing and the price is nearing a breakout. The overall metal index showed a bullish sign.

The XABCD bat pattern sets a supply zone / PRZ which has to be taken out to make a new all-time high.

Start booking the profits from the supply zone and trail until the all-time high is broken. The short-covering moves can take the price to the ultimate target set by the XABCD bearish crab pattern.

The breakout, stop-loss, and target levels are mentioned on the chart.

Happy trading :)

This is just for educational purposes.

Trade active: near the supply zone, may have a pullback. You can book profits and trail rest from here.
Trade closed: target reached: 1st target reached and then trailing SL hit