Description
⋅ 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...!!!