Tata Steel Inverted Cup and Handle Pattern
Updated
Tata Steel looks weak and appears to be forming an Inverted Cup and Handle Pattern in the daily chart. I would look to short it in the supply zone of 370-375 for targets of 360/343/330.
Comment
I have put SL on two consecutive closings above 380Trade active
CLOSED AT 382. WILL WAIT FOR ONE MORE CLOSING ABOVE 380 TO EXIT.Trade active
Closed below 380 levelsTrade active
Closed at 371. Drop below 370 levels might open 360 levelsComment
Made a low of 362.Disclaimer
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