Tata Steel Full Top Down Analysis
Monthly Chart
Previous Month Chandle Closes as Bullish Engulfing
as it engulfed 2 months Candle
It indicates Reversal
Weekly Chart
This week candle closes as doji which indicates indicates indecision
so wait for the daily close above 240 level
Daily Chart Setup
Reasons To Buy This Stock:-
1)The Stock boken its Down Trend
2)Took Strong Support From the level 200
3)Price Making Higher high and higher lows
4)Price took Support From Fib 786
5)The zone 240 is the hurdle
6)After crossing 240 Target would be 275
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