TATA STEEL LTDLong
TATA STEEL is getting ready to touch new heights!
“Trading is inherently risky. To my knowledge, no trade has a guaranteed outcome therefore the possibility of being wrong and losing money is always present.”
:- Mark Douglas(Trading in the zone)
1. Formed triple bottom pattern.
2. Given breakout of strong trend line.
3. Volume states that the greater the volume , the greater the force behind the. last days volume is increasing, and the delivery percentage is increasing , which suggests that investors are taking an interest.
4. New long ( increase in cumulative open interest and price of underlying stock)
5. At this current level one can expect minor resistance. If given break out of this level(1250) then if it gives pull back again to this level(1250), one can consider to go long.
Thank you for reading this.
kindly leave your like, and put your points of view on this in comments box.
Happy Trading…!!
:- Mark Douglas(Trading in the zone)
1. Formed triple bottom pattern.
2. Given breakout of strong trend line.
3. Volume states that the greater the volume , the greater the force behind the. last days volume is increasing, and the delivery percentage is increasing , which suggests that investors are taking an interest.
4. New long ( increase in cumulative open interest and price of underlying stock)
5. At this current level one can expect minor resistance. If given break out of this level(1250) then if it gives pull back again to this level(1250), one can consider to go long.
Thank you for reading this.
kindly leave your like, and put your points of view on this in comments box.
Happy Trading…!!
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