TATASTEEL, The following points are confirmation for U-Turn.
The following points are confirmation for U-Turn.
The currently TATASTEEL is trading in up-trend, but time-Cycle(iii) is the negatives in time. The previous support can be convert into current resistance 490 nearby.
From footprint of the daily chart will give very clear picture of this stock.
- The volume will decrease if stock wants to change the direction OR, Volume will be average vol.
- We will see the tail end of last 2 candles after a surge in price (approx. upto 491.8)
The currently TATASTEEL is trading in up-trend, but time-Cycle(iii) is the negatives in time. The previous support can be convert into current resistance 490 nearby.
From footprint of the daily chart will give very clear picture of this stock.
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