tata steel bearish butterfly hidden inside on weekly chart.

3 Mar

- inverted head and shoulder break out done, ascending triangle trend line break out done, pennant flag breakout done, R1 also crossed nicely.
- But bearish butterfly hidden inside on weekly chart which make some nerves among uptrends movement.
- new investor please wait for correction
- 140 is the trend line support.

this analysis is for learning purpose only.
It is just a view, please trade at your own risk. I'm not SEBI registered adviser.

1 Nis

Not

as discussed, it takes support from 140 range and breaks the weekly pivot R1 and it will move upside.