As I have mention all in the chart, 60MA is my personal stratagy and view for entering trade.. and 200 EMA in which all people believe.
Why to buy TATA STEEL ?
> TATA STEEL has break out long term trendline.
> Taken support at : 1. Previous gap 2. 60MA line
> Volume is consistently increasing from past weeks as compare to previous year .
Same like nifty 50 analysis.... bank nifty is also bullish.
As we all know that , Nifty 50 Travel so far as compare to BANK NIFTY...on monthly candlestick chart.
So Once it crosses or retest at neck line after break-out... bank nifty will move so fast as compare to nifty 50.
One more plus point is that..
- Bank nifty recently crosses 200 EMA , and halt at that...
Expecting big move in nifty 50......
as we are seeing , nifty is taking support on neck line as always we found in head n shoulder pattern .....
Once it crosses 12000 LEVEL , it becomes right time to invest.
Keep your cash on hand for investment.