TATA STEEL Analysis
Gaps pending
Upside: 997.95/1020.8 & 1044
Supports: 869 & 842.85
Resistances: 895.6/927.7/950.8/974.7 & 991.6
Note: OI & Volume to be considered in all the trades.
Conditions applied:
Con 1: If we witnessed Gap up opening nearby 895.6, Wait for breakout & then take long position accordingly with the given levels.
Con 2: If we see sideways opening, then need to watch Volume & OI & then take position.
Con 3: If we witnessed Gap down opening, Wait for support breakout in 15 min candle then only go with short positions.
Note: OI & Volume to be considered in all the trades.
Upside: 997.95/1020.8 & 1044
Supports: 869 & 842.85
Resistances: 895.6/927.7/950.8/974.7 & 991.6
Note: OI & Volume to be considered in all the trades.
Conditions applied:
Con 1: If we witnessed Gap up opening nearby 895.6, Wait for breakout & then take long position accordingly with the given levels.
Con 2: If we see sideways opening, then need to watch Volume & OI & then take position.
Con 3: If we witnessed Gap down opening, Wait for support breakout in 15 min candle then only go with short positions.
Note: OI & Volume to be considered in all the trades.
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