johntradingwick

Tata Steel - Beginning of new uptrend

Long
NSE:TATASTEEL   TATA STEEL LTD
Key highlights:

1. Bounced off the weekly demand zone
2. Forming a Bullish market structure
3. Support from 200 MA
4. Good volume expansion
5. Testing the trendline for the 4th time. It may give a breakout this time.
6. Flip level @1246. Expect a good move if it closes above 1246.

Disclaimer: This is NOT investment advice. This post is meant for learning purposes only. Invest your capital at your own risk.

Happy learning. Cheers!
Rajat Kumar Singh (@johntradingwick)
NSE Certified Technical & Fundamental Analyst

Rajat Kumar Singh,
B.Tech (Delhi Technological University)
Community Manager (IN), TradingView

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