TATA STEEL: At a make-or-break level

31 May

• Tata steel is trading between two different channel system for the last one year.
• On 19th May It broke out from channel system 1
• On 25th May it broke the channel system 2 with good volume.
• There after the market is sideways and there is a volume contraction is observed.
• Weekly candle is indication a bearish piersing
• A fake BD below level 160 could lead the price on channel system 2 and EMA 21 around 156.5
• A free fall might happen there after.
• Go long only if a strong bullish marubuzo closing above 166.
• Wait and watch the show!!!

8 Haz

İşlem aktif

Took support from EMA 1 and bounce back.
If 09-06-2025 candle close is above 06-06-2025 book profit and exit

8 Haz

Not

Its EMA 21. A typo