Tata Steel (Educational Idea)
Tata Steel in time correction
Will pass the time in between range of 150 - 176...
Swing traders can grab the swing between these levels..
Long termers can add this gem from current levels..
Price action::
============
Looks like Head & shoulders pattern
Multiple shoulders on the left side..
Now right side shoulder formation in cards ....
Testing these support 158 make this levels very weak and if it breaks this levels may lead to fall of another 10 to 15 pts ...
But my strong feeling stock will not fall below 140
Will pass the time in between range of 150 - 176...
Swing traders can grab the swing between these levels..
Long termers can add this gem from current levels..
Price action::
============
Looks like Head & shoulders pattern
Multiple shoulders on the left side..
Now right side shoulder formation in cards ....
Testing these support 158 make this levels very weak and if it breaks this levels may lead to fall of another 10 to 15 pts ...
But my strong feeling stock will not fall below 140
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.