AbhishekHSinghCMT
Short

Tata Steel--100% Strike Rate (Killer Top@384.50)

NSE:TATASTEEL   TATA STEEL LTD
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From Previous Update---"Tata Steel-Killer Top@34.50"----Tata Steel...slips from 382--383...as expected ....to lose only 2 Rs as Risk with stop above 384.50--Our Killer Top....

It Indeed is favouring the idea of Killer Top....

Currently Runnning at 375...Current Low-374.30.....7 Rs Down....Bang On... Now Look Left & Trade Right....There is previous resistance which could form current support---This is "Polarity Reversal Concept"----Resistance Turns into Support & Support Turns into Resistance....

Regards,
Abhishek H.Singh, CMT
Trade active: 11:50 Hrs--IST--10th Aug 2016--------Bang On...Tata Steel Slips Further....Leakage continues.......Makes New Low@368.15...

Regards,
Abhishek
Best Regards,
Abhishek H. Singh, CMT
​Growth Director - TradingView India
YouTube Channel https://www.youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
Twitter Handle
https://twitter.com/TalksWave

Comments

the up move seems to be wave B and the down move is the wave C. Than we might see one more top as wave 5. I may be wrong.
+1 Reply
Superb one... it seems you are having fun with Tatasteel.Enjoy !
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Yes...I learnt this hard way...that we analyst look for break out in one direction...rather -you keep your eyes open ...where ever it leaks ..join the market flux if sustains & you will enjoy...
+1 Reply
InsiderB AbhishekHSinghCMT
Yeah True ! We don't forecast markets instead we enter on best direction !
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To Vinod Ji, Yes this structure becomes A-B-C..That could be a possibility..Regards, Abhishek
Reply
To Neetesh Ji..........Yes ...It could be but once it starts going above 382.50 --recent swing high--chances will more of TS to go on upside....Regards
Reply
NeeteshJain NeeteshJain
I believe it is a good time to buy with stop loss at 370. It has only corrected to fill the gap as it is in a good uptrend. Now, the gap is filled and I would suggest to exit shorts and add calls if the price correction goes above 380. I thought of sharing it with you as I had different belief on it and would surely welcome and appreciate your opinion on the same. Good Luck, Regards.
+1 Reply
Yes ...It could be but once it starts going above 382.50 --recent swing high--chances will more of TS to go on upside....Regards
Reply
Yes ...It could be but once it starts going above 382.50 --recent swing high--chances will more of TS to go on upside....Regards
Reply
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