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Tata Steel - Halt the rally and Correction time !!!
TATA STEEL LTD
Short
Tata Steel - Halt the rally and Correction time !!!
By Div_Trader
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Updated
Feb 2, 2021
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Jan 11, 2021
Steel Stocks have Run a lot and now its time to halt the rally.
Big Bearish RSI Divergence on daily chart will do it for us.
One should look to take profit at these levels.
My targets are 585-590.
Invalidation is daily close above 730.
Feb 2, 2021
Trade closed manually
Low of 595... Power of bear div and some help from overall market... Stock was in strong uptrend when posted this chart.
Bearish Patterns
Chart Patterns
Divergence
Technical Indicators
tatasteel_short
Trend Analysis
Div_Trader
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