Long Position on Tata Steel

30 thg 8, 2019

The Candles are forming a morning star emoji. I can identify a support leave near the current price range however the closest resistance is near 400. Taking a 3% variance and booking profits at 388 and setting a stop loss at the low of of the formation still provides a great Risk Reward Ratio.

The MACd cross happened Also the RSI levels are oversold.