Tata steel showing symmetrical triangle pattern
Making a symetrical pattern in the weekly chart. It represents that both buyers and sellers are active and have equal power. Now where ever it gives breakout with good volume i will make my mind that way.
If upper breakout happen upper side with good vol i will long from 115 with 1st target 125 with Risk reward ratio of 1:4.
If lower breakdown then i will short after crossing of 108 support level with target till 101 with RRR OF 1 : 3.67.
BUT MOST PROBABLY IT MAY BREAK UPWARD as from 2 3 weeks its showing green volume candles. Again i say maybe it can go up, and may be not.
If upper breakout happen upper side with good vol i will long from 115 with 1st target 125 with Risk reward ratio of 1:4.
If lower breakdown then i will short after crossing of 108 support level with target till 101 with RRR OF 1 : 3.67.
BUT MOST PROBABLY IT MAY BREAK UPWARD as from 2 3 weeks its showing green volume candles. Again i say maybe it can go up, and may be not.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.