STOCK :- TATA STEEL LIMITED.
CMP:- 107.90 (05-06-2023)
ABOUT :- Tata Steel Ltd is a well diversified business entity. It manufactures ball bearings, hand tools, tubes, steel wires, and also operates chrome mines. The company also in the business activities of Steel, Ferro Alloys and Minerals.
- From the above chart we can see that stock has formed a SYMMETRICAL TRAINGLE PATTERN on a weekly chart time frame.
- If stock gets breakout to its pattern & trading above (111-115) levels we may expect rally upto (140,167,195,220) as per pivot points. stop loss :- 90
- View short term to long term.
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How does SYMMETRICAL TRAINGLE PATTERN WORKS ?(CLICK HERE)
Note : It's important to note that the pattern is just one of many chart patterns used in technical analysis, and traders should always use multiple indicators and techniques to confirm their analysis before making trading decisions
Disclaimer: This analysis is purely for educational purpose and does not contain any recommendation. Please consult your financial advisor before taking any financial decision.
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