TATA STEEL 15/3/2021 BEAR MOVE!!
1.On daily time frame the green trendline shows Rising wedge[BEARISH PATTERN] you can have a very clear view on 1Hr time frame.
2. Also there is a HEAD & SHOULDER pattern formation which atually tested the support 710 strong support and moved upward and continuing the downtrend.
3.On 15/3/2021 it can open gap up, test the 723 levels and should start the gap up filling procedure making very bearish and may breeak the support if gets good volume.
4.LEVELS TO NOTE
A. Gap up level [720-723]
B. 723 resistance level sellers may show
activeness.
C. Target to be kept keeping the volatility in
mind T1=711 to 710 , T2=704 to 702
T3=696 to 694
-SHIVAM MISHRA
MGB
2. Also there is a HEAD & SHOULDER pattern formation which atually tested the support 710 strong support and moved upward and continuing the downtrend.
3.On 15/3/2021 it can open gap up, test the 723 levels and should start the gap up filling procedure making very bearish and may breeak the support if gets good volume.
4.LEVELS TO NOTE
A. Gap up level [720-723]
B. 723 resistance level sellers may show
activeness.
C. Target to be kept keeping the volatility in
mind T1=711 to 710 , T2=704 to 702
T3=696 to 694
-SHIVAM MISHRA
MGB
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