Tata steel ascending triangle hourly chart

٤ فبراير ٢٠٢١

On Tata Steel hourly chart, ascending triangle is about to breakout. As per text book rule this pattern breaks out northwards. In this case of Tata Steel, There is no space remain in triangle for price to move. Rally in stock market itself push price out of the pattern on upward side. fundamentally, no bad news about sector or about this company is in the air. So we can expect upward breakout upwards. Target is Rs 700.