shiv2798
Long

TATA STEEL Short Term Holding

NSE:TATASTEEL   TATA STEEL LTD
91 4 3
I have notice the price action using Line Break Charting , i found that the long term Trend line is broken and the stock is heading higher high( Failing wedge ) , form 21/05/2008 to 11/01/2017 it broke out the trend line , only thing is I am viewing it today , in my opinion once the price cools down form current spikes , the short term investment can be made which will give good returns
Cheers
I do watch Tata steel felt the same way. It shows strength in monthly charts. By the way I started following price patterns. By the comments what you made on vanati page it was really awesome explanation of price versus psychology. I want to learn more and more. I am from Bangalore. If you were to be from my place please do inform.
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shiv2798 nalinakshi
@nalinakshi, Thanks for your valuable comment , Yes price action is the only way all the market trading decision is done , I'm too form Karnataka I'm living in Hubli , all you can start reading simple Naked price action trading e book , available on google search , some Australian Author Wrote the Book called Naked price action , where the basic level of understanding the formation of Candlestick and other information of Support and resistance , and the Most important is No matter what , No matter which stock , the winner are always the institutional investors , so to avoid being chopped by these , You should decide your entry and exit with making profit , this I can assure you once you read this book I'm referring , further study of psychology is based on your involvement in stock trading , if you are happy with small time investments of 1 week to 10 days and take your profit of 5 to 7 % then not necessarily you should go for higher studies , but if you are more interested then you can , always for knowledge ,wish you happy trading seasons ahead
Regards
Shivakumar
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shiv2798 nalinakshi
@nalinakshi, please note above chart is not candlestick charts its called 3 Line brake chart , which is being used by Professionals only not by every traders in the Market , I checked this stock after long time gap that's why I made a comment I'm viewing it now , but its important to know which charts ( candlestick , Point and figure, 3 Line brake, Kagi, Ranko ) we are using to identify this kind of long term brake out
Regards
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nalinakshi shiv2798
@shiv2798, please give reference to learn these type of charts
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