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johnjen2088
Mar 3, 2024 11:08 AM

tata steel bearish butterfly hidden inside on weekly chart. 

TATA STEEL LTDNSE

Description

- inverted head and shoulder break out done, ascending triangle trend line break out done, pennant flag breakout done, R1 also crossed nicely.
- But bearish butterfly hidden inside on weekly chart which make some nerves among uptrends movement.
- new investor please wait for correction
- 140 is the trend line support.

this analysis is for learning purpose only.
It is just a view, please trade at your own risk. I'm not SEBI registered adviser.

Comment

as discussed, it takes support from 140 range and breaks the weekly pivot R1 and it will move upside.
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