In daily chart, i notice that incerase in price but the volume is decreasing ( price increasing volume decreasing )
This stock was in sideways for a while and once brokeout with volume, Look at the move 13%
It has entered into the PRZ of a Bearish Harmonic Butterfly in daily time frame. It could retrace back to 117/114 provided it does not go above 128.50
Nifty has been trying since so many days to break the Supply zone Today again it tried and hence again price came down Looks like the gap is becoming narrower and can see a make or break in Nifty index Personally Bullish on Nifty index as a positional point of view
The momentum and run of Tata Steel was good in the recent days touched good high but somehow the momentum is getting slowed. And RSI is in overbought zone along with Doji Candle at the top seen price rejection previous candle before Doji Can be kept under watchlist
Looks we are on the verge of completing the corrective move. Expecting next impulse from here.
Breakout with good volume. Can give some decent return in near term.