TATA Steel is approaching a significant supply zone, indicating a potential resistance area where selling pressure may increase. Swing traders can watch for bearish reversal signals (e.g., bearish candlestick patterns, rejection at the zone, or declining volume) to capitalize on a potential downward move. This zone represents a key level where the stock has historically faced selling pressure, making it an ideal area for shorting or exiting long positions.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.