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Tata Steel brokeout of bearish flag pattern on daily.
Buy - ~ 540
T1 - 500
T2 - 475
T3 - 400
CBSL - 580
Buy - ~ 540
T1 - 500
T2 - 475
T3 - 400
CBSL - 580
Trade active
Comment:
Entry at 540
Trade closed: stop reached:
It hit our SL and fell - wth
Comment:
Will re-enter at 540 again
Hi Aditya,
Nice Explaination.Even I took a short position at 546 yesterday, but looks like shortcovering happened today. Lets see how it behaves tommorow.
Regards
Nikhil
Nice Explaination.Even I took a short position at 546 yesterday, but looks like shortcovering happened today. Lets see how it behaves tommorow.
Regards
Nikhil
Reply
@Nikhil1486, There is no need to worry until the red line in this chart -
is broken. Anyways stop is 580.
Reply
Reply
@Nikhil1486, Lets see. It tried moving above 580 but couldnt sustain and closed below 580. We can probably enter again when it hits 540.
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