Tata steel recently had a incredible Bull Run from 420 range to 620, after taking a small break it is now ready for next run. The Bullish flag, break of the long time trend line and the sudden up rise in the 20 DMA validates this ; And by seeing the length of the pole and the tiny body candles of flag, i guess we can expect a good run from there once the high value is broken , we can go for buy call from there and provide some good SL , so that u don't get stop hunted. since nifty is going in an unbelievable bull run providing good breathing space for the trade will save you from exiting the trade in loss when profit booking kicks in. Once the stock starts the bull run you can later trail the SL according to your risk management.
Comment:
Breaking out in full power, did not hit SL in the fall.