After weeks of sideways price action, Tata Steel has broken out of its consolidation phase with a powerful surge in volume.
The breakout candle not only cleared the consolidation range but did so with conviction — volume spiked to multi-week highs, confirming participation. If price holds above the breakout zone, immediate resistances are lined up at ₹170 and ₹178.
Trade Plan
Invalidation
A close below ₹162.4 would weaken the breakout narrative and invalidate this setup.
Disclaimer:
This analysis is for educational purposes only and does not constitute investment advice. Please do your own research and consult a financial advisor before making any trading decisions.
The breakout candle not only cleared the consolidation range but did so with conviction — volume spiked to multi-week highs, confirming participation. If price holds above the breakout zone, immediate resistances are lined up at ₹170 and ₹178.
Trade Plan
- Entry on retest near ₹165.8.
- Target: ₹178.
- Stop-loss: ₹162.4.
Invalidation
A close below ₹162.4 would weaken the breakout narrative and invalidate this setup.
Disclaimer:
This analysis is for educational purposes only and does not constitute investment advice. Please do your own research and consult a financial advisor before making any trading decisions.
交易开始
Price is testing the previous parallel channel breakout. Low risk entry brewing.
WaveXplorer | Elliott Wave insights
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WaveXplorer | Elliott Wave insights
📊 X profile: @veerappa89
📊 X profile: @veerappa89
相关出版物
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。