the stock is in uptrend....now the price is near to its demand zone
A strong demand zone, may pushes the price upside...
keep on buyside from this levels....
we have a trendline support as well.....
Potential Multibagger!!
Broader outlook shows a potential reverse Head & Shoulder pattern.
478 level acts as key level where price approached most of the time from either side.
Now price is moving inside a falling wedge which is a bullish pattern after breakout and price is about to make a last swing low around the key level.
You can either buy after wedge...
breaking the level of resistance with a stron green canddle reaching it peek . and now itll com down again to test the level again to see if it strong enough to become a support to lunch a new trend going up
The stock has crested a good base at the level range of 1040 levels.
As you can see the stock has taken support around this area and moved upwards.
It reached a high of 1534 levels before crumbling to huge selling pressures.
The stock is trying to make its way back to the top.
I have presented my views on the chart with levels that can help you take your...
TATASTEEL multiyear breakout, strong resistance near 750 level, need to be kept in focus by looking at the price action and the volume levels. levels as high as 910 developed in TATASTEEL. NIFTY METAL performing very good. STEEL companies all over the world performing well.
Go long on TATASTEEL with stop loss at 700 level, highly unlikely to be reached.
MACD...
