TATA STEEL LTDEducation
TATA STEEL STRATEGY BACKTESTING IN 1H AND 4H
BACKTESTING MY STRATEGY.
(PRICE ACTION ALONG WITH OPEN INTEREST)
1.BREAKOUT WITH HIGH VOLUMES ABOVE DESCENDING TRENDLINE,SHOWS BUYING OPPORTUNITY. FIBONACCI LEVELS CAN BE TREATED AS SL AND TARGET.
2.SHRINK IN OPEN INTEREST DURING UPTREND SHOWS WINNERS AND LOSERS ARE GETTING "COLD FEET".BUT CHANGE IS VERY NOMINAL.
Open Interest-3,10,66,080
Change in Open Interest-1,46,418
% Change in Open Interest-0.47
KINDLY LET ME KNOW OF ANY MISTAKES IN ANALYSIS VIA COMMENTS. THANK YOU
(PRICE ACTION ALONG WITH OPEN INTEREST)
1.BREAKOUT WITH HIGH VOLUMES ABOVE DESCENDING TRENDLINE,SHOWS BUYING OPPORTUNITY. FIBONACCI LEVELS CAN BE TREATED AS SL AND TARGET.
2.SHRINK IN OPEN INTEREST DURING UPTREND SHOWS WINNERS AND LOSERS ARE GETTING "COLD FEET".BUT CHANGE IS VERY NOMINAL.
Open Interest-3,10,66,080
Change in Open Interest-1,46,418
% Change in Open Interest-0.47
KINDLY LET ME KNOW OF ANY MISTAKES IN ANALYSIS VIA COMMENTS. THANK YOU
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