#TataSteel @ 346 | TGT: 374 | SL 330
- Usually, 'Cup' is always with a 'Handle' but here the story is with another pattern i.e. 'Cup & Triangle'
- Watch for chart story
#Nifty #Nifty50 #banknifty #steel #NiftyBank
Expecting the stock to move towards its pre-covid highs, but due to uncertainty, the first target can be at 177. SL at 135.5, giving RR of 3:1 at CMP.
The stop loss can be trailing and cut half the position at target, to reduce risk on profit earned.
gold currently in a visible uptrend , with support range in 1700 /1689
while hurdle at current level
if current level hold
a sharp upmove cant be denied of 50 /60 $ in gold while downtrend will begin in short duration if breaks 1700 on downside
vedl with lot of news flow in the counter , despite having it i see the stock as undervalued upto 78 zones , technically weak below it now and from here can try to give a quick upmove for 130 /144 zone