TATASTEEL is BTST SWING Buy for 6% upmoveTATASTEEL is BTST SWING Buy for 5-7 Days.
LTP - 110.4
SL - 109
Target - 117+
Time Frame 5-7 Days
Risk Reward - 1:4
TISCO
#TATASTEEL #TISCO Tata steel, forming box and breakout pattern, similar breakout now looking for uptred.
TATA STEEL: Rs 440 volts & Falling WedgeLower Highs and Lower Lows since the formation started in Jan 2018.
We had a huge move from Mar this year, wherein we had six months of bullish candles.
At Rs 440, its at an interesting juncture.
Is it bearish as it appears?
or is it some very bullish Chart pattern ?
I would go for a bearish stance.
Tata Steel: Another breakout attempt. How far it can carry? TATA STEEL: The stock made an breakout attempt on 4th November but didn’t quite make it. The prices retraced into the cloud only to take support at the Span B plus TS line. The RSI is well into the bullish range and MACD is forming a bullish hook pattern. At 440 a strong resistance is placed. An attempt to test 440 levels can be made by the stock. Activity at those levels should be monitored and as further course will be decided at the price action formed at that point.
