Tata Steel – Consolidation Breakout with Volume

3 set

After weeks of sideways price action, Tata Steel has broken out of its consolidation phase with a powerful surge in volume.

The breakout candle not only cleared the consolidation range but did so with conviction — volume spiked to multi-week highs, confirming participation. If price holds above the breakout zone, immediate resistances are lined up at ₹170 and ₹178.

Trade Plan

• Entry on retest near ₹165.8.
  
• Target: ₹178.
  
• Stop-loss: ₹162.4.
  

Invalidation
A close below ₹162.4 would weaken the breakout narrative and invalidate this setup.

Disclaimer:
This analysis is for educational purposes only and does not constitute investment advice. Please do your own research and consult a financial advisor before making any trading decisions.

16 ore fa

Trade attivo

Price is testing the previous parallel channel breakout. Low risk entry brewing.