TATA steel good short candidate Short

TATA STEEL LTDNSE

Description

⋅ Mar 31, 2021 6:26 AM

Tata steel spot cmp 820

Daily time frame
Deep crab pattern formation,, Bearish
pattern violation above 833 on hourly closing basis
Bearish divergence on RSI indicator

Good short candidate

Trade closed: stop reached

⋅ Apr 1, 2021 7:14 AM

counter is trading above 833 levels and have managed to sustain

book loss of 10 to 15 points

Comments

vithalfadi

⋅ Apr 1, 2021 11:41 AM

is this good to short tomorrow at open?

dsidd9

⋅ Apr 1, 2021 6:10 AM

Is this closed now

RUDRA007

⋅ Apr 1, 2021 7:14 AM

@dsidd9, yes given stoploss for the same reason

dsidd9

⋅ Apr 1, 2021 7:21 AM

@RUDRA007, ok I had short yesterday closed it at 834 thanks but whats cooking it's moving so sharp does it make sense to go long now

RUDRA007

⋅ Apr 1, 2021 7:23 AM

@dsidd9, weekly pattern of harmonic i have shared,, where stoploss is 850 on daily closing basis
but i will wait to go below 835 and short again