TATA STEEL - TRADING BETWEEN SUPPORT AND RESISTANCE
As you can see TATASTEEL has been trading between Support (green line)@ 1235 and Resistance (Red line) @ 1163
Reasons to go long:
1. Bounce off support
2. Broken downward sloping trendline with a bullish candle
3. RSI on 4 hr is oversold
Stop- 1 ATR below green line (support)
Target- Red line (resistance)
Beware of volatility going into Budget.
Happy trading
Reasons to go long:
1. Bounce off support
2. Broken downward sloping trendline with a bullish candle
3. RSI on 4 hr is oversold
Stop- 1 ATR below green line (support)
Target- Red line (resistance)
Beware of volatility going into Budget.
Happy trading
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