Tradersasi23
Short

Channel pattern exactly at resistance.

NSE:TATASTEEL   TATA STEEL LTD
Price as discussed in weekly time frame ( related ideas) rejecting from the trend line , as said after confirming the rejection we can go for short trades.

AS seen in the pic price is forming a parallel channel pattern at the weekly trend line which is the rejection levels, wait for the channel break and enter the short trade.

If channel breaks up then the above analysis is invalid look for long trades, don't jump in long trade immediate.
Comment: Price breaks down strong as expected.

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out