Tata steel is an ideal for shorting position
-->15 min chart forming Head & Shoulder pattern
-->Big Gap below 463
-->Supply zone might be tested at double bottom
-->Price Rejection from PEAK level i.e all time high
(For Education purpose. Consult your advisor before taking any position)
-->15 min chart forming Head & Shoulder pattern
-->Big Gap below 463
-->Supply zone might be tested at double bottom
-->Price Rejection from PEAK level i.e all time high
(For Education purpose. Consult your advisor before taking any position)
Comment:
Analysis achieved & Update: As mentioned, bottom was tested and Head & shoulder pattern worked with R:R.Total points done 12.
Trade closed: target reached:
Tata motors reached the expected target .