Wait for activation i.e.
Daily candle closing above Rs. 45. (Low risk traders)
High risk traders can enter at CMP too.
Inverted head and shoulders also spotted, strong bullish signal.
Company expected to give a strong quarter as well.
Keep in watchlist.
Well if u see the big picture then it's like a good move then a correction = Still bullish and if gives a breakout above the near high = a possible trade according to your risk system :)
Also, we can see an amazing head and shoulder move + a downside flag too + bearish too :)
Tata Metaliks is an undervalued stock to invest.
We need to get a perfect entry for these types of scripts.
Its in a bullish parallel channel since May 2020 and given a healthy reward since then.
Now once again there is a chance to enter in to this stock.
This is a fundamentally strong stock to keep in the portfolio.