#TataSteel walking on the Bollinger band is clear bullish trending move.it is a rounding pattern break out that 16 July.
All timeframes good bullish momentum and trend.Make note of volume spike before making entry as it is currently seen below moving average
As we can see tata motor is following trendline ....
it is taking support from this trend line ...may be it will consolidate following to this tredline..
BUY ABOVE-978
SHORT Below-960
SL maintain FOR BOTH-870
if it might break then we can see fall for 1 or 2 trading session...
it might be give false breakout ...so take trade wisely
.
.
.if agree ..LIKE IT :)
current patterns:
1.trading in parallel channel
2.closely following trendline support
3.mid of parallel channel will act as resistance and the trendline support confirms that if the whole channel is broken downside.
4.if it breaks upper channel then we can see testing of resistance of 350-360.
CLOSELY OBSERVE THE PATTERNS WE WILL SURELY GET GOOD MOVES AS MULTIPLE...
