Tata Steel Inverted Cup and Handle Pattern

Oct 4, 2020

Tata Steel looks weak and appears to be forming an Inverted Cup and Handle Pattern in the daily chart. I would look to short it in the supply zone of 370-375 for targets of 360/343/330.

Oct 5, 2020

Note

I have put SL on two consecutive closings above 380

Oct 5, 2020

Trade active

CLOSED AT 382. WILL WAIT FOR ONE MORE CLOSING ABOVE 380 TO EXIT.

Oct 6, 2020

Trade active

Closed below 380 levels

Oct 7, 2020

Trade active

Closed at 371. Drop below 370 levels might open 360 levels

Oct 12, 2020

Note

Made a low of 362.