TATASTEEL & SAIL FACING RESISTANCE Long

STEEL AUTHORITY OF INDIA LTD.BSE

Description

⋅ Jan 19, 2017 4:33 AM

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

Trade active

⋅ Jan 20, 2017 6:45 AM

Comment

⋅ Jan 20, 2017 7:30 AM

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

Trade active

⋅ Jan 20, 2017 7:31 AM

Reaching to the Targets

Trade closed: target reached

⋅ Jan 20, 2017 7:59 AM

Comments

vanathi

⋅ Jan 20, 2017 7:32 AM

It is short. We read it. No probs.

NeeteshJain

⋅ Jan 20, 2017 7:33 AM

@vanathi, I appreciate your understanding. Thanks, Regards

VadivalPranchi

⋅ Jan 21, 2017 7:36 AM

Dear Neetesh
Don't close the trade because of Long trade is active with short
in.tradingview.com/chart/h2E11WzR/

NeeteshJain

⋅ Jan 22, 2017 5:52 PM

@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

VadivalPranchi

⋅ Jan 22, 2017 6:08 PM

@NeeteshJain,