TATA STEEL : PENNANT PATTERN BREAK OUTTATA STEEL , one to the most popular stock of Indian Stock Market , which was under the radar of every single investor for this break out. The Stock has shown break out on BULLISH PENNANT CHART FORMATION after a gap of 2 years . Both MACD and RSI are in the favor of the break out and hence the probability of FALSE BREAK OUT is minimum. However , we still need to draw a line of control on this pattern which is at Rs. 114.00 .
The long term targets are Rs. 148.00 and Rs. 225.00
Remember this
Long
