Tata steel price is near the XABCD bearish pattern's potential reversal zone. From PRZ the price could make a correction or breaking of the PRZ could lead to a short-covering rally.
For new long entrants, wait for one of these scenarios. The levels and the stop loss point are mentioned on the chart.
Happy trading :)
Only for educational purposes.
Trade active
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can go long above 1426
Trade closed: stop reached
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Took a reversal from the supply zone due to bad news from the metal sector.
Look for a buying opportunity 1276-1300 with strict stop loss below 1230.