Tata Steel (Posional view :Bullish)
Timeframe: Monthly
Pattern: Cup & Handle & Trendline Breakout with volume ( check volume when trendline breaks)
Breakout Point Price: 715
Now After Breakout there is shakout phase going on to remove weak Bulls.(Check weekly timeframe)
Buying range : 700 -720
Target: 860+
SL: 655
P.S. : This view is educational purpose only. Don't take any position based on this.
Timeframe: Monthly
Pattern: Cup & Handle & Trendline Breakout with volume ( check volume when trendline breaks)
Breakout Point Price: 715
Now After Breakout there is shakout phase going on to remove weak Bulls.(Check weekly timeframe)
Buying range : 700 -720
Target: 860+
SL: 655
P.S. : This view is educational purpose only. Don't take any position based on this.
Trade active:
Low of 702. Excellent level to buy.
Comment:
already 100+ points in the pocket. stay long
Trade closed: target reached
Comment:
Target reached. But upmove still intact. stay long as long as any reversal pattern appears.