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Tata Steel closes well above moving day average
Break out gap with high volume
Also new trend line is formed Upside .
We can see a double bottom situation when price crosses MA
Trade plan
Entry ; 277 (Above the breakout gap which is also higher than the Moving average)
Sl ; 254 (Recent highest close of MOVING AVERAGE )
Target ; 300 (Derived from stop loss for 1:1 risk and reward)
@ EQSIS . Pl comment about my conclusion above based on MA and other combination.
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