TATA STEEL LTDLong
TATASTEEL ( 75 Min ) - Breakout Trading
TATASTEEL (75 min)
Small pole and a flag is seen . Height of pole is Rs.10 . Rectangular flag height is Rs.4
Fib drawn from swing high 405 to swing low 343
.618 level is 381.7
Last 5 days price is around this range
Buy above 385.75 for a target of 390 - 395
Volume is above avg
RSI > 60
Stochastic > 75 however red could cross blue
ATR is 5.84 . Therefore 1* ATR or 2*ATR could be target
Small pole and a flag is seen . Height of pole is Rs.10 . Rectangular flag height is Rs.4
Fib drawn from swing high 405 to swing low 343
.618 level is 381.7
Last 5 days price is around this range
Buy above 385.75 for a target of 390 - 395
Volume is above avg
RSI > 60
Stochastic > 75 however red could cross blue
ATR is 5.84 . Therefore 1* ATR or 2*ATR could be target
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