TATA STEEL BSL AT EDGE TO GIVE 30-50% PROFIT FROM CURRENT LEVEL
we can buy tata steel bsl at current market price with a first stoploss of todays(10-05-2021) low 98 and second stoploss of 85 which appear on recent red candles low on daily time frame for 1st target of 135 and 2nd target of 155 .
logic behind the trade is 1- we see a large rounding bottom with breakout
2- for stoploss we use todays(10-05-2021) low and recent red candles low on daily candle which is 85
3- for 1st target we see from where the the stock get resistance in 2014 and for 2nd we use Fibonacci Retracement
logic behind the trade is 1- we see a large rounding bottom with breakout
2- for stoploss we use todays(10-05-2021) low and recent red candles low on daily candle which is 85
3- for 1st target we see from where the the stock get resistance in 2014 and for 2nd we use Fibonacci Retracement
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.