Buysignal
Tata Steel BSL bullish above 110.Self Explanatory Chart.
Would love to know your views.
NSE:TATASTLBSL
CHOLAHLDNG- POTENTIAL BREAKOUTBUYING WITH GOOD VOLUMES HAS BEEN SEEN IN THE PREVIOUS TRADING SESSIONS. LOOK FOR A BUYING OPPORTUNITY IF IT CROSSES 615 LEVELS WITH GOOD VOLUMES. STOP LOSS 595. AN IMMEDIATE TARGET OF 630 CAN BE SEEN. 615-620 IS A STRONG RESISTANCE LEVEL IN THE WEEKLY TIME FRAME AS WELL.
Trend line breaks by spending time on resistance.The trend line is breaks after spending time at critical levels, which is a follow through as a sign of bullish.
My point of views are
1. Make Strong green candle in 1D Time Frame.
2. Bullish candles are being made continuously over a 1 hr Time Frame, which is an indication of buyers are activate.
My Target
1. Short term target- if it breaks 1509.35 on up coming days in 1 hr Time Frame, Then our target is 1553.55
2. Long term target- 1611.25.