TATA STEEL
Updated
Swing trade for long side.
we can enter after retest of level 130 or 117.
And it can be the swing trade also, with low risk high reward, we can enter with 117 and stop loss will be -5(112)
we can hit the target with trailing stop loss and target would be the around 150.
we can expect good momentum in this stock because it is consolidating from so many day, we can enter after the consolidation breaks with small pull back and entering after next green candle closes above the pullback candle.
This is only for education purpose only.
we can enter after retest of level 130 or 117.
And it can be the swing trade also, with low risk high reward, we can enter with 117 and stop loss will be -5(112)
we can hit the target with trailing stop loss and target would be the around 150.
we can expect good momentum in this stock because it is consolidating from so many day, we can enter after the consolidation breaks with small pull back and entering after next green candle closes above the pullback candle.
This is only for education purpose only.
Note
sorry there is a small mistake in typing, we can go long only, after testing major resistance 113 or 117.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.