TataSteel getting ready for the next move up

Long

TATA STEEL LTD (NSE:TATASTEEL)

Updated

NSE:TATASTEEL TATA STEEL LTD

Support and Resistance Supply and Demand Cup And Handle tatasteel CNXMETAL NIFTY

supportandresistance supplyanddemand cupandhandle tatasteel cnxmetal nifty

Price is consolidating nicely at prev resistance after the recent up move. We need a confirmation candle to enter the trade, but the setup looks really good with CNXMETAL also ready for breakout

Comment:

CNXMETAL one hour chart

snapshot

TATASTEEL one hour chart

snapshot

Trade active:

snapshot

Stock finally showing momentum after breakout yesterday

Trade closed manually

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