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Niftymetal

TATA STEEL SHOWING A BREAK OUT SIGN!Tata steel stock price has fallen in recent times. However, the price is showing bullish signs now. The volumes are increasing and the price is nearing a breakout. The overall metal index showed a bullish sign. The XABCD bat pattern sets a supply zone/ PRZ which has to be taken out to make a new all-time high. Start booking the profits from the supply zone and trail until the all-time high is broken. The short-covering moves can take the price to the ultimate target set by the XABCD bearish crab pattern. The breakout, stop-loss, and target levels are mentioned on the chart. Happy trading :) This is just for educational purposes.
NSE:TATASTEELLong
by Sanjan91
5
COAL INDIA PRICE ACTION ANALYSISCoal India stock price has shown a nice rise of 6.39% today with good volumes. The price was trading in a falling channel, the price broke above the ABCD pattern's resistance level. This is a break-out level. The price is currently at a rejection point from where the massive fall in price had occurred in the past. It is important for the price to sustain above this level to continue the rally. The supply zone has been spotted on the chart, which might be a hurdle in the future. Better book profits from the supply zone. Happy trading :) This is just for educational purposes.
NSE:COALINDIALong
by Sanjan91