Tata Steel Breaking Out Trending Channel
Tata Steel ranging and trading in a uptrending channel as marked with Purple on chart. I believe today's closing shall determine further movement of price action in it. If the price action closes above 406 levels then we might see further rally as buyers confirmed strength and pressure and shall take prices further up. In case it closes below 404 levels then we might see profit taking next day that might take down the price litte lower before a solid breakout on either side.
I believe it shall break above the trending channel as CNX Metal also looks bullish.
I believe it shall break above the trending channel as CNX Metal also looks bullish.
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.