manavtechresearch
Education

TATA STEEL FLAG PATTERN BREAKOUT TRADE

NSE:TATASTEEL   TATA STEEL LTD
-stock managed to break-out from its flag pattern on 19th dec
-it also found new support @50-dma (700)
-macd has shown positive crossover
-rsi is shown momentum
-it looks like we will test 730 before we enter oversold zone
PLEASE LOOK IN THE CHART BEFORE INVESTING.....
-
Trade active
Trade active: HOLD YOUR POSITION
Trade active: GOOD TRADERS LEARN TO TIME THE MARKET
Trade closed: target reached: 716 hit
Trade active: 730 2nd target active
Trade active
Trade active: LOOKING GOOD FOR HIGHER LEVELS
stopped out!
Reply
@Parasuram, sir it never came to our buy level today but in case you have made position i suggest adding because it has still not entered the flag again
Reply
Parasuram manavtechresearch
@manavtechresearch, you have said trade active?
Reply
@Parasuram, it was to look to execute the trade

but our above level never came
Reply
Parasuram manavtechresearch
706-710 or above 710?
Reply
@Parasuram, 706-710
Reply
manavtechresearch manavtechresearch
@manavtechresearch, Sir i would suggest you add more
Reply
Parasuram manavtechresearch
@manavtechresearch, it came der in da moring and now again it was trading in that zone..
Reply
@Parasuram, it might be volatile but i see higher range for tata steel now its clear that there is strong resistance @716 take the case of my sail call it managed to above 83.50 and today itself we saw 85.50
Reply
manavtechresearch manavtechresearch
@manavtechresearch, you can still buy both tata steel and sail
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