TATA STEEL || descending triangle Short

TATA STEEL LTDNSE

Description

⋅ Feb 16, 2022 12:42 PM

Descending triangle. Possible short term bearish. But we are in commodity cycle and steel would be a good bet after correction.

Comments

anish_nanda

⋅ Feb 16, 2022 4:49 PM

Tata Steel will crack badly in few weeks. 1146 support likely to be tested in next few days. Once that is breached, next level is 1061. Steel stocks will crash and make new lows by March end.