A few weeks back I had been very bullish on TataSteel and my targets were 2000++
But this week and specially Today, TataSteel has wiped out previous 3 weeks of gains and a short setup has been formed as Bear Power on weekly chart has crossed Bull Power towards short side. Signals on weekly charts are much stronger than other time frames.
On Monday if it trades below Today's low then Short TataSteel with SL as Today's High else wait for prices to hit below Today's Low.
Gann roadmap for TataSteel would be:
1297 1315 1333 1351 1369 1388 1407 1426 1445
Disclaimer :
Trading is never ever recommended as it is injurious to mankind. This is purely my study based on technical charts and for educational purpose only. Please do your analysis before taking any trades given by me. I MUST not be held responsible for any profit or loss out of any trades you take on our advice. All Disclaimers Apply.
But this week and specially Today, TataSteel has wiped out previous 3 weeks of gains and a short setup has been formed as Bear Power on weekly chart has crossed Bull Power towards short side. Signals on weekly charts are much stronger than other time frames.
On Monday if it trades below Today's low then Short TataSteel with SL as Today's High else wait for prices to hit below Today's Low.
Gann roadmap for TataSteel would be:
1297 1315 1333 1351 1369 1388 1407 1426 1445
Disclaimer :
Trading is never ever recommended as it is injurious to mankind. This is purely my study based on technical charts and for educational purpose only. Please do your analysis before taking any trades given by me. I MUST not be held responsible for any profit or loss out of any trades you take on our advice. All Disclaimers Apply.