Breakout from Ascending Triangle Pattern + Strong Reversal
Tata Steel is currently trading above a long-term ascending triangle pattern, which indicates strong bullish momentum. The stock has successfully bounced from the trendline support and is now approaching key resistance levels around ₹170. A decisive break above this resistance could lead to a strong upward rally, targeting ₹200 and above in the short to medium term. The RSI is trending upwards, suggesting positive momentum. Traders should watch for a breakout confirmation with increased volume to validate the bullish move.
A simple trader, distancing from the fake crowd. Simplifying complexity, I prioritize genuine insights over trends.
يعمل أيضًا:
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.