Tata Steel has been enjoying a great run lately due to positive global news for the sector
The stock has rallied from a low of 250 to CMP 423, a 169% growth
The stock is trending on Daily charts.
However the stock will have to break 440 on weekly charts with momentum and high volumes to enter a new zone
The stock is trading above all the major averages including 10, 50, 100 and 200
There has been a gradual shift of Control Price on Volume Profile from 275 to 340 to 400 which is a Bullish sign
The stock has potential to reach 475 levels in short term provided Global environment stays positive.
The stock has rallied from a low of 250 to CMP 423, a 169% growth
The stock is trending on Daily charts.
However the stock will have to break 440 on weekly charts with momentum and high volumes to enter a new zone
The stock is trading above all the major averages including 10, 50, 100 and 200
There has been a gradual shift of Control Price on Volume Profile from 275 to 340 to 400 which is a Bullish sign
The stock has potential to reach 475 levels in short term provided Global environment stays positive.