TATASTEEL Bounced from 50 EMA Long term Long Opportunity
Looks bullish monthly timframe as it has began moving up strongly after break of bull pennant and making higher high and higher lows. Also recently just bounced from near 50 EMA and a previous support
Expected a small retrace near to 0.5 fib level on weekly timeframe along with bearish crossover in aroon indicator.
There is a hidden bullish divergence in weekly timeframe which also indicates strong bullish move soon
Expected a small retrace near to 0.5 fib level on weekly timeframe along with bearish crossover in aroon indicator.
There is a hidden bullish divergence in weekly timeframe which also indicates strong bullish move soon
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