Tata Steel: Channel trade set up

Tata Steel CMP 649.8

On hourly charts we observe a neat channel trade

Currently Channel Support comes around 642

Target comes around 672-674

There is also 20 min EMA support at 646

Ideally the stock should hold channel support, however, in case we see break of channel below 642 then stock can fall up to 618 / 600 levels

Plan your trade accordingly

Take care and safe trading...!!!
Sep 11
Trade closed: target reached: Tata steel cmp 687

A Nice gap up today and the stock is now trading at it's channel top

Channel trade completed successfully.

Enjoy and happy trading...!!!
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