RSI divergence observed in Tata Steel Ltd that has been on a bull run for almost a year. Unsure if one should book profits.
* I am an amateur at stock trading and analysis. My word is as good as a horse on mushrooms.
The metals sector was down today due to a news regarding China's cut down. But Jindal Steel and Power fell below a strong support today. The stock price is currently stopped at 0.618 Fib level (drawn from previous low-high). Should investors hold or sell to take losses?
*New to the trading. Any pointers, advises and resource recommendations are welcome.
THIS IS NOT A RECOMMENDATION!
I am really new to Trading and have been reading up from a plethora of resources in the past month. I just happened to stumble upon this pattern and would your comments on the same. Here to learn and hopefully get better over time. Thanks.
