TATA STEEL LTD
Updated

ALMIGHTY LONG OR SHORT

1231
Hello friends I am sharing the Daily time frame chart of Tata Steel that is looking trading on very well placed horizontal support and stock is trying to make a new rising support trendline after breaking the old one and trading below from that sold support you can say it is standing on crucial spot and waiting for the next move for a directional trade in it by us so I try to prepare two trade ideas sharing below.

🎁🎁This is how we did work like home work after school classes it is easy to identify our tradeable levels in running markets without any hassle or trouble so always study more than trade.

IDEA 1💡- Long if break and close above the rising support trendline because it is acting as resistance now on daily candle basis for the target of 115 stop loss must be a closing below on this trendline.

IDEA 2💡- Short if break and close below the horizontal support trendline for the target of 95 stop loss must be a closing above on this trendline.

SECTOR INDEX ALSO LOOKING WELL PLACED ON SUPPORT 📊📈
snapshot


📣📣📣📣NOTE-: This is not and trade or investment advice. This idea is meant for learning only. Invest your capital at your own risk



𝐑𝐞𝐠𝐚𝐫𝐝𝐬-: 𝐀𝐦𝐢𝐭 𝐑𝐚𝐣𝐚𝐧
Note
TREND NOT COMFIRMED SO FAR
Note
TAKING RESISTANCE AGAIN ON RISISNG TRENDLINE
snapshot
Note
PRICE EXACTLY TOOK SUPPORT ON MENTIONED SUPPORT ZONES TOADY 104 FROM 107 NICE PALYING BETWEEN SUPPORT AND RESISTANCE
snapshot
Note
TRIED A LOT TO BREAK RESISTANCE BUT MARKET WAS NOT SUPPORTED TODAY
Note
SUPPORT BREAK AND CLOSED BELOW
Note
KEEP A WATCH FOR COMING WEEK🤝✌️
Note
SELLING PRESSURE MAINTAINED TRADING NEAR SUPPORT AREA

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.