I have mentioned a trade possibility of Tata Steel as there is a rising wedge + negative diversion. Today, some steel stocks have breakout on the upside like JSW steel… Now there is another possibility that builds up and it might break the upper trendline of the rising wedge.

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.

The chart is below for your reference.