TATA STEEL- Price Action Analysis
Metal Sector CCNXMETAL already seems negative and international 
COPPER has also beaten down from new corona virus concern.
It is undoubtable that
TATASTEEL shows bearishness from past 3 week and nearest at PRZ (prize reversal zone) which comes from Harmonic Bullish butterfly pattern 1.272 level at price 1025 but still sentiments are negative so any reversal candle from level 1015- 1075 will provide good opportunity for buy.
meanwhile 1000 is psychological level any closing below this make create further downside momentum.
BUY : safe traders can buy above 1000 as with the range 1015-1075 with confirmation of reversal candle.
SELL : sell opportunity only comes when price reject from 1198-1229 at upper zone or if it finally closing below 1000.
NOTE : try for the small swing up to dynamic trendline although breaking this bearish dynamic trend line and closing above only hope for Bullishness.
COPPER has also beaten down from new corona virus concern.It is undoubtable that
TATASTEEL shows bearishness from past 3 week and nearest at PRZ (prize reversal zone) which comes from Harmonic Bullish butterfly pattern 1.272 level at price 1025 but still sentiments are negative so any reversal candle from level 1015- 1075 will provide good opportunity for buy.meanwhile 1000 is psychological level any closing below this make create further downside momentum.
BUY : safe traders can buy above 1000 as with the range 1015-1075 with confirmation of reversal candle.
SELL : sell opportunity only comes when price reject from 1198-1229 at upper zone or if it finally closing below 1000.
NOTE : try for the small swing up to dynamic trendline although breaking this bearish dynamic trend line and closing above only hope for Bullishness.
Related publications
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.