TATASTEEL - chart - 1012768
TATA STEEL LTD. #TATASTEEL
- MOVING IN AN UPWARD CHANNEL
- TOOK SUPPORT FROM 400EMA, THEN 200EMA AND NOW FACING STRONG SUPPORT FROM 100EMA.
INDICATORS:
RSI IS BELOW 50-LEVEL
CVD IS NEUTRAL
TT2 TREND IS BEARISH IN 30MINS
COMMENTS:
1. SELL BELOW 100EMA/335
SL 341
TGTS 327/400EMA/320
2. BUY ABOVE 342
SL 100EMA
TGTS 348.351
KEEP AN EYE!!
NOTE - BREAKOUT HAS TO HAPPEN WITH MORE THAN AVERAGE VOLUME AND THE FOLLOWUP CANDLE MUST SHOW CONVICTION!!
***Always keep buffer with target and SL level
***in case of GAP opening, the given levels become invalid.
***this is my personal view. Please take advice from your financial advisor before investing.