Price action of tata steel has been observed in parallel channel.... Price is trading near lower band of parallel channel... Long can be initiated once its breaks trendline... Sl would be lower band & target would be opposite band of channel...
Trade active:
Tata steel given good unmoved.... Hopefully tommorrow it will touch our target and if it breaks target with descent volume then Tata steel can be hold till 425 level....
Comment:
Sorry spelling mistake... *Good upmove*
Trade active:
Tatasteel very close to our target.... As discussed earlier if it breaks channel with good volume, 425 level is expected...
Trade active:
Target done.. Hopefully it will reach 425
Trade closed: target reached:
425 done... Closed the trade...