TATA STEEL: SYMMETRIC TRIANGLE
Updated
- 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.
What is your take on it? Feel free to comment. If it helped, Do Leave us a boost 🚀
Disclaimer: We are not registered advisors. The views expressed here are solely personal opinions. Irrespective of the language used, Nothing mentioned here should be considered as advice or recommendation. Please consult with your financial advisors before making any investment decisions. We like everybody else, have the right to be wrong :)
- 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.
What is your take on it? Feel free to comment. If it helped, Do Leave us a boost 🚀
Disclaimer: We are not registered advisors. The views expressed here are solely personal opinions. Irrespective of the language used, Nothing mentioned here should be considered as advice or recommendation. Please consult with your financial advisors before making any investment decisions. We like everybody else, have the right to be wrong :)
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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?Comment
Breakout + RetestComment
Back below the breakout level. Comment
At the support.Comment
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