TATA Steel - breakout retest oppurtunity for buying
The stock has been giving negative returns for past several months with a very good correction and also an increase in commodities demand
this stock looks good.
The stock has given a strong breakout from resistance after taking good support at 1 year back demand zone.
For proper entry, one has to wait to price retesting the breakout level which is around 1250 and shows some positive signs with strict SL of below 1230
or same entry candle SL.
DISCLAIMER: For education purpose only, do your own analysis or consult your financial advisor before taking position.
this stock looks good.
The stock has given a strong breakout from resistance after taking good support at 1 year back demand zone.
For proper entry, one has to wait to price retesting the breakout level which is around 1250 and shows some positive signs with strict SL of below 1230
or same entry candle SL.
DISCLAIMER: For education purpose only, do your own analysis or consult your financial advisor before taking position.
Penafian
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