Long TATA STEEL Flag Pennant Breakout
Pennant formed with falling volume.
Breakout was successful with significant volume.
Target1= Width of Pennant+ Breakout level=200+1140= 1340
[Pennant- it is similar to symmetrical triangle]
Target 2= Length of flagpole+ Breakout level=560+1140=1700
Stoploss-1090
With commodity supercycle bull run in expected.
For educational purposes. Please make your investment decision wisely.
Breakout was successful with significant volume.
Target1= Width of Pennant+ Breakout level=200+1140= 1340
[Pennant- it is similar to symmetrical triangle]
Target 2= Length of flagpole+ Breakout level=560+1140=1700
Stoploss-1090
With commodity supercycle bull run in expected.
For educational purposes. Please make your investment decision wisely.
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