Looking good for a new leg of rally above 1070
Good RR..SL below 1070 and the first target is 1600
Follow the blue levels for the trailing SL and targets
💥Tata Metalicks💥-Nice Breakout
Capital to be deployed- 20k
Investing Price-990-1000
Breakout Price-984
Stoploss-861
Targets-1235-1359-1885
RT for max reach
#tatametalicks #stockstowatch #StocksToBuy #StocksInFocus #stocks #StockMarket
The company was incorporated on 10th October 1990 as Tata Korf Metal West Bengal and the name was changed to Tata Metaliks on 16th January 1992. The company is engaged in the manufacturing and sale of Foundry Grade pig iron and ductile iron pipes.
SHARE SHARE IS AT BUY LEVEL AT RATE OF 768 TO GO LONG FROM HERE ON DATA 7/2/23
FOR MORE research
sup me 8459 22 0202
Tata Metalik Weekly nice consolidation and Breakout. Now retrace. a high probability trade. Stop can be little below the bottom of the support. All time high would be Target 🎯.
Tata Metaliks Ltd
NSE: TATAMETALI
Forming an ascending triangle with bullish volume spikes for every re-test at 860-880 zone.
almost completed 4 re-tests and huge volumes popping up this time.
A strong close above 865 confirms breakout with a SL of 790 and Target of 1000
Stock has shown good consolidation from last 1 ulyrs and made a base of 725-50. With book value of 500 it's a good buy at these levels also valuation have correct to a reasonable levels. With higher high formation and RSI trending up good buying levels or buy on dips near 770-80 if it comes will be a good approach. Targets will be 900 likely in a qtr. Thereafter...
In the Weekly Chart of TATAMETALI ,
we can see that, if it forms a Cup & Handle Pattern inside Ascending Triangle we can see a great upside in coming days.
Tatametali just at resistance level and testing it 4th time , and forming bullish engulfing candle pattern , so there is very high probability for up side breakout. So keep eyes on it.
(By Jeffry Kennedy)
1. As long as prices move is contained by deceleration channel( parallel channel ), the price action is countertrend, and once complete, it will be more than fully retraced.
2. The upper boundary line of base channel supports the fourth wave at either the upper boundary line, midline, or lower boundary line.
3. As soon as wave 4 is in place and...
