From current price action levels, this may go up or down massively. It is a ideal time to build a position in this as it is at the minimum risk. Starts small and build up slowly.
The price action has just completed the previous Gap and now it may reverse from the current levels and moving up to reach out for 49 levels again. If it breaks out from current levels, then we might see 46 levels.
Take a good watch and it is ideal time to get it at minimum risk.
After two weeks of correction, this week Tata Steel has broke out and closed above 378 levels and confirmed the bullish trend. Now, it will continue its uptrend and will reach to 430 levels which is the next resistance point.
After making new lows and highs, it seems bullish and uptrending. It is expected to break out from the rectangular consolidation. Keep a close watch on it.
