TATA STEEL: SYMMETRIC TRIANGLE

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- The chart is pretty self-explanatory
- The price tests a 2 year old resistance trendline
- The formation is one beautiful symmetric triangle that can have either outcome
- The consolidation has been solid so far. This means The momentum may be really good.
- The PE ratio is stagnant with the price
- Do check out our take on JSW Steel in the suggested ideas below.


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The first target is in. A decent 5%. Now the big question is, Will it break and sustain the resistance Zone?
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Breakout + Retest
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Back below the breakout level.
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At the support.
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Chart PatternsHarmonic PatternsniftypredictionsteelSymmetrical TriangletatasteelTrend Analysis

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