NeeteshJain
Long

TATASTEEL & SAIL FACING RESISTANCE

BSE:SAIL   STEEL AUTHORITY OF INDIA LTD
It is been observed on the Daily chart that the price action trending up in a channel and now facing resistance on the upper trend line , indicating selling pressure. Now, it shall correct a bit from current levels before further moving up.

TATASTEEL
Target: 458
Stoploss: 468

SAIL
Target: 58
Stoploss:60.50


Jan 20
Trade active
Jan 20
Comment: Kindly note that I have mistakenly marked this trade as "Long" in the status but the targets are given as per the shorting it. Regards
Jan 20
Trade active: Reaching to the Targets
Jan 20
Trade closed: target reached
Dear Neetesh
Don't close the trade because of Long trade is active with short
https://in.tradingview.com/chart/h2E11WzR/
Reply
@ajayww2, It was short trade and mistakenly marked as Long. As you could see in the chart drawing that I have mentioned downward arrows to indicate the fall from the upper trend line. Regards
Reply
ajayww2 NeeteshJain
Reply
It is short. We read it. No probs.
+1 Reply
@vanathi, I appreciate your understanding. Thanks, Regards
Reply
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