Its Bouncing between the levels nicely. After the huge leg up , it may form a flag before retesting the Lifetime highs.
Looks Like Stock has given a good breakout. This stock has potential to create new Highs. Long Term SL Close below 624 Target 800 and then more.
SL 660 TGT 1 : 730 TGT 2 : 760 HAPPY TRADING
After a retracement from sharp bull run, stock is taking support at 38.2% Fib Level and seems ready to resume trend as its already broken channel. One can go long at CMP 642 with SL of today's Low 620 for a Target of retesting the top 760.
TATAMETALI is entering a possible reversal zone. The green trendlines are from the DAILY timeframe forming a Rising Wedge . Look out for a breakout or reversal, after it enters the Zone.
Buy only on if you see this close above 709 Target 750/780
Close above Bollinger Bands on the day chart. Due for a correction to mid BB around 570-550 levels. The last time this happened the stock came down around 40 points
Initial breakout if sustain.... Next target 375 .. 395 .. above that vertical rally.
TataMetalli is giving a long breakout above 384 it can go to level Upside level-445 Downside safe level-347.80
Can this break out from this FLAG. Watch out for this one. Need weekly closing above the FLAG to confirm the breakout. Keep it under radar, if history has to repeat. This will move very swiftly. As of now am neutral. Will keep an eye on this and see how it moves this week.
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.