1.On daily time frame the green trendline shows Rising wedge[BEARISH PATTERN] you can have a very clear view on 1Hr time frame. 2. Also there is a HEAD & SHOULDER pattern formation which atually tested the support 710 strong support and moved upward and continuing the downtrend. 3.On 15/3/2021 it can open gap up, test the 723 levels and should start the gap up filling procedure making very bearish and may breeak the support if gets good volume. 4.LEVELS TO NOTE A. Gap up level [720-723] B. 723 resistance level sellers may show activeness. C. Target to be kept keeping the volatility in mind T1=711 to 710 , T2=704 to 702 T3=696 to 694
@rahul91091, keep following me will post analysis today
rahul91091
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@shivamishra023, i have shorted @622 fut...should i hold or exit.
shivamishra023
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@rahul91091, as per the charts when the market will open you will be facing a loss as tata steel is showing inverted head & shoulder pattern and i m 70% about the market to open bullish but it wont be bullish all day in starting 30-40 miin we can say ..... you can do one think wait for tata steel to reach nearest resistance and wait and watch whether the candles are showing any reverssal sign if they show wait for market to come down a bit and you will still book the loss but it would be less but imp is mark the resitance and wait for reversal if doest exit the trade