>A good breakout above a multi year strong resistance of rs100 and a good consolidation at 38.2% fib level and retest of 50EMA.
>A long position can be initiated between 122 to 130 for a target of at least 30% with a stoploss of 115
>A favorable risk reward ratio of above 4
Get ready for the Blast and its an opportunity to get Double/Triple returns in a very short period of time because Metals is about to shine more as in above analysis Sail is retesting its earlier resistance now taking support on exact levels /range which will turn it in a very big move towards 200/ 250 and many more to come
tata steel is going for fueling to break new high mark it!!
ohk for tmr tata steel will be for short side as it is hold in support so the support will be seen to be break and tg is 1050
1- 200 ema support also candel support lvl is also there so we can get our tg easily after that if good volume support is taken then market will go for long...