Tata Metaliks has given a breakout of a classic flag consolidation with decent volumes and is looking set for the next upmove that should make it test 500 first and then head higher on conquering 500.
Tata Metalliks has:
- broken out of the declining correcting trend line
- Made a bullish engulfing pattern with good volumes for today
- Bounced sharply from its 20 day EMA after testing it.
Looks all set to test its previous high of 500 lvls. Levels of 400 can a stop.