Tata Steel - Halt the rally and Correction time !!! Short

TATA STEEL LTDNSE

Description

⋅ Jan 11, 2021 5:29 AM

Steel Stocks have Run a lot and now its time to halt the rally.

Big Bearish RSI Divergence on daily chart will do it for us.

One should look to take profit at these levels.

My targets are 585-590.

Invalidation is daily close above 730.

Trade closed manually

⋅ Feb 2, 2021 3:45 PM

Low of 595... Power of bear div and some help from overall market... Stock was in strong uptrend when posted this chart.

Comments

Investroy

⋅ Jan 11, 2021 5:54 AM

Nicely done