Halting at 417.60 from 420.50 - Below 417 - Tighten your seat belt. Have a nice trading session. Take care!
Close to 1st target @414 - Turns upside from 414.75
One needs to react fast. TM has taken support close to 414 which was our 1st target @414.75
So moving next below 414.75 only it drops further else can bounce & going above 420.50 this fall ends which will push TM upside.
You need to put strict stop loss above 420.50 as per cash data & we look downside for 414- 410 -407 but careful not above 420.50 -Spot data. Thanks
At 418.35 -The fall from 420.50 to 414.75 is retraced 61.8% levels which is key Fibonacci level & can be important short term resistance zone between 418-418.50 , Once it starts falling below 418 - we will plan to sell with stops above 420.50
Have a nice day ahead.
Final target email@example.com - One of the picture which goes into 2018 Diary - Hot Trade from 420 to 407.
Taking Support of Neckline can be buying opportunity for a small term bounce as break of neckline below 407 can put Tamo in more pressure.
Buying from 407 keeping stops below 407 for short term bounce or selling below 407 which is at neckline is next trading strategy.
Thanks for support. Enjoy!
Abhishek H. Singh, CMT
India Regional Manager
India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ
I missed to sell near 421/but managed to sell near 419.95 and den covered it in next ten minutes ... bcos after that it went up to 418 by EOD ...
Hoping for another trade like this tomorrow
Your charts give the confidence to pick the right levels .You make trading for retail individual like us easier otherwise we would be stuck at wrong levels :)
we are grateful to u for that sir