Tata Steel - Beginning of new uptrend Key highlights:
1. Bounced off the weekly demand zone
2. Forming a Bullish market structure
3. Support from 200 MA
4. Good volume expansion
5. Testing the trendline for the 4th time. It may give a breakout this time.
6. Flip level @1246. Expect a good move if it closes above 1246.
Disclaimer: This is NOT investment advice. This post is meant for learning purposes only. Invest your capital at your own risk.
Happy learning. Cheers!
Rajat Kumar Singh (@johntradingwick)
NSE Certified Technical & Fundamental Analyst
