Tata Steel Ascending Triange One may Go long
one may go long please feel free to comment and follow
The stock recently moved above 200 day moving average after long period. This move comes with good volumes and strong candlestick pattern. Also the stock has broken its counter trend-line. If the stock sustains above the 200 day simple moving average, then 10 % move is possible. Keep the stop below the low of recent candle. Risk to reward of 2.4. NSE:KPIT
Look for the levels as highlighted in the chart and either Buy with 5rs SL
pSAR, MACD and Stoch indicating reversal and this can be a better opportunity to enter longs in Nifty. SL would be 9150 (spot rate).
Nifty Levels and direction that can be used in Intraday Trading