Tata steel has been consolidating within range from last 7 days. With quarterly result on 11th Nov one can anticipate an up move .Analysis below
1)On 15 min time frame forming Cup & Handle pattern
2)On Day/Daily time frame the stock has not broken lower lows & has been in uptrend.
3)Previously after result the stock has rallied, if result are good then we can expect
similar behavior
(Education Purpose, Consult your advisor before taking trades)
1)On 15 min time frame forming Cup & Handle pattern
2)On Day/Daily time frame the stock has not broken lower lows & has been in uptrend.
3)Previously after result the stock has rallied, if result are good then we can expect
similar behavior
(Education Purpose, Consult your advisor before taking trades)
Trade closed: stop reached:
Didn't reach break out zone for trade to initiate.