TATA STEEL LTD
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Swing trade in #TATASTEEL

115
TATASTEEL potentially looks good to go back into bull run ,1065 zone is acting as strong support .
1. As 1065 is an acting support we can see that there's transition comming into picture( bull's are making their entry)
2.On 27th a bottoming tail candle with volume spike was seen ( in 1hr) which means seller's are less and bull's taking control + it was at its strong support zone which was tested 4 times before and didn't broke it.
3.Higher highs and higher lows are to be seen, confirms the trend reversal ,also for extra conformation(price level crosses above the 200ema + price is moving above 20sma)
4.Correction can be seen, either in time(consolidation) or in price (pullback).
5. Will take position at HL(pullback) 50% retracement zone as well as prior resistance as an acting support or Breakout of consolidation only if we see bullish sign candles.
6. Target will be between 1234~1245 (for swing).
7.On daily Tf Tatasteel forming #descendingtriangle pattern, can also add up share if breaks the resistance.
8.Do not forget to place your SL.
HAPPY TRADING!!!& I WISH IT WOULD BE HEPLFUL ,PROFITABLE AND KNOWLEDGEABLE TRADE ANALYSIS FOR YOU GUYZ

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