Tatasteel Bullish flag pattern breakout

Tatasteel has good bulish flag pattern breakout. Above 133-135 closing can give good upside in the future. It should sustain or retest the flag top levels.

Trade active

Breakout is done in the day candle.

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Target 1 138 hit. waiting for next 153.

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correction to above 136 hit today. But it has strong pattern. Can go above it in upcoming days.

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Yesterday US market steel sector rallied. Today may be india steel market will boom.

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Consolidating around 135. below 133 short term bearish.

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Overall sell off in the markets. should stabilise today then look further.

Trade active

this is super active now.

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Target1 done 138. Now it should sustain above it for next target.

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Ready for the next move.

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moving towards. Target2

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target2 about to reach

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now it should break the 153 again then ready for next target 169.

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Target3 done. can move next.

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creating W pattern breakout near Target3. soon next targets coming. Fresh entries can be done near 150 levels.

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Getting ready for 200 mark.

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165-168 support zone. if it breaks it can start down move. Above it bullish only.

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exactly bouncing from above given levels.

ashishhc

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ashishhc