TATA STEEL Broken the Trend Line

24 thg 12, 2022

TATA STEEL took support on this trend line 3 times and now it broken with some big red candle in 1-day time frame.
Overall it looks like a bearish trend in weekly time frame and reverse in Fibonacci retracement tool at 61.8% level confirms the correction has finished and now ready to come down the mentioned levels.TATASTEEL

28 thg 12, 2022

Ghi chú

Breakdown didn't sustain because of breakdown candle has low volume and next candle can't break the low of the breakdown candle.