TATASTEEL POTENTIAL REVRSAL ABOVE 1250
Tatasteel has been in a constant downtrend for making lower highs and lower lows for the past 6 months.
This seems to a reversal point and a start for an uptrend.
1.Reclaimed the flip level.
2.Crossed 200 ma.
3.Broke the counter-trendline.
4.Gave a rally after making triple bottom last week.
It would be better if we see a consolidation before the rally
Buy above - 1250
Targets mentioned in the chart above.
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Any comments and critiques will be appreciated even if it's of opposite view as a trader can also be right so many times.
This seems to a reversal point and a start for an uptrend.
1.Reclaimed the flip level.
2.Crossed 200 ma.
3.Broke the counter-trendline.
4.Gave a rally after making triple bottom last week.
It would be better if we see a consolidation before the rally
Buy above - 1250
Targets mentioned in the chart above.
Please LIKE, COMMENT and SHARE to motivate and support me. I'll keep on posting new ideas on Indices & Stocks. Be sure to follow so that you don't miss any good trades that might have been rewarding.
Any comments and critiques will be appreciated even if it's of opposite view as a trader can also be right so many times.
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