Tata steel Long
Trend Analysys
Chart patern
2024-08-11T12:04:24+00:00
Tata Steel is entering a monthly demand zone at 147, with the 6-month demand zone at 141. The stock may dip to 139 briefly to shake out retail traders.
This is where bulls are likely to re-enter. The 141 level represents a critical 6-month zone, suggesting that the price will probably only touch this point briefly. Typically, prices don't linger at key levels as these are institutional areas where orders are aggressively filled, often by removing retail traders. However, this is the area where patient retail investors might see an opportunity.
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