TATASTEEL | Range Bound | Price Action
TATASTEEL is currently moving in a range, indicated by the trend lines. It is taking good support on the lower trend line.
The stock can be traded within the range(Buy at the bottom and sell at the top, short at the top, exit at the bottom).
It could give a potential breakout on the upper-side, with the first target around 562 and second more aggressive target around 610.
Breakdown on the lower side seems limited, however if the stock breaks the lower trendline, it could give target of 520 and 510.
The stock can be traded within the range(Buy at the bottom and sell at the top, short at the top, exit at the bottom).
It could give a potential breakout on the upper-side, with the first target around 562 and second more aggressive target around 610.
Breakdown on the lower side seems limited, however if the stock breaks the lower trendline, it could give target of 520 and 510.
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