TheDayTrader1010

Tata Steel Cup And Handle Breakout

Long
NSE:TATASTEEL   TATA STEEL LTD
Tata Steel Looking Bullish while Just near its All Time High for the second time. Nice Breakout given with More than Moving Average Volume while forming a Cup and Handle Pattern on 4H time frame.

1180-1190 acted as a major resistance zone earlier in the past. Post breakout candle was closed above 1190, a healthy retracement was observed taking support at the previous resistance of 1190 and again forming a bullish pattern with back to back two white soldiers.

A Fresh Buying Above 1250 levels can be seen.

Trade attivo:
Stock Moved more than 19%
Declinazione di responsabilità

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