I have mentioned a trade possibility of Tata Steel as there is a rising wedge + negative diversion. Today Some steel stocks has breakout on the upside like JSW steel.. So now there is another possibility builds up that it might break the upper trendline of the Rising wedge.
so now we have 2 possibilities –
Short – Below 628 Targets 615-605-595
Buy – Above 641 Targets 655-665-675 (Though resistance can be at the upper trendline of the wedge) – I prefer to trade when price breaks the wedge.
So keep an eye & Trade best possible setup on either side. Will keep update on Daily Basis on Tata Steel.
I’ll try to update during market hours !!
Chart is below for your reference.
Learning Here – Rising Wedge Trade Setup
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