tata steel is going for fueling to break new high mark it!!
ohk for tmr tata steel will be for short side as it is hold in support so the support will be seen to be break and tg is 1050
REASONS
1- 200 ema support also candel support lvl is also there so we can get our tg easily after that if good volume support is taken then market will go for long...
HOLD THE HAND OF INFY NOW IT IS GOING TO BE A ROCKET ANDD SUPERB MOVE CAN BE SEEN
TIME SPENDING NEAR RESISTANCE ALSO BEING BULLISH ND MACD SHOWS HOWEVER BUY SIGNAL
YOU CAN GO FOR BUY IF GOOD BUYER VOLUME IS SEEN AND IF IT BREAK THE LVL OF 1058 AND TG-1 (1070) AND TG-2(1080)
as you can see in chart that very old trend line is breaked and also if 1103 have support it should move upward from support but we can see the result that it is spending time over there we can see support near 1060 it is simple
buy opp is genrated when it cross 1124 lvl
but personally me i will go for short and if it break lvl of 1124 good bullish run can be seen
I WILL NOT MAKE YOU RIGID EXPLAINATION
REASON-1 stock is on his resistance lvl and break out didn't break the lvl and rejection is seen also it can break as it was close on support if it break with good volume you can go for buy
2- But as we can see the rejection also 30 min macc has shown for short position
3- also rsi is going to break and in 1hr macd and...
AS WE CAN SEE IN THIS CHART THAT SHORT TERM TREND IS BREAK ALSO RSI MOVING TOWARDS SUPPORTS NEAR ITS 30 LVL
- TG 106 REASONS LONG TERM SUPPORT-RESISTANCE ACT NEAR 106 PRICE, REVERSAL MIGHT BE SEEN BUT LESS CHANCES NEAR 112.
- ALSO CROSS CHECK WITH ICHIMOKU CLOUD AND MACD.
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