After a long fall in metals , they are recovering fast!
Tatasteel has 2.80 percent gap made when it faced a big gap down. This gap can be exploited and easy profits can be made as the gap will surely be filled.
T1 is the main target in the trade and other targets can only be chased if the stock gives closing above T1 .
Nifty View: A frustrating trading session for the benchmark Nifty index as it lost all of its opening gains and face high intraday volatility. The index seems to be at at crossroad wherein 16,500 acts as an important decider of momentum and sentiment. A break below today’s low of 16,390 will infuse fresh selling pressure, so stay cautious and try to trade less...
Filled gap of 1 June's gap down opening
Stock is ready to give breakout
Wait for a more positive closing
Buy above 94.5
Target- 106, 122
Disclaimer- We are not SEBI registered advisor.
Charts and views are only for educational purpose.
What I see :
I see good trendline supportive
Earning about to come and price has fallen quite a lot about 12% from top
This can be a good risk to reward trade if taken with proper system
Rest is expalined well in the video
Happy trading :)
buy level- 1030 to 1060
target- 1100- 1140-1175 & all time high 1348
time 2-3 months
return more than 25%
KAUTILYA can recover Your losses with Quantitative analysis and grow the CAPITAL
NOTE – EDUCATIONAL PURPOSE
(Consult your financial advisor before any decision)
⭐A breakout on Month can be seen clearly if it sustains on these levels for Monday too :)
⭐Dynamic supports from 50 dema is been taken multiple times (once broken with a power candle = gap up next day above it )
⭐My calculated speculation is: a **close** above today's red candle with volume more than normal on 15min = a breakout from the pattern :), the risk...
Nifty View: A disappointing close for benchmark Nifty index in today’s trading session - down over 100 points to close the recent gap with which it had broken above 15K. The index is now back to the zone of (14,900-15,000) which earlier had acted as a strong zone of resistance and now we are expecting support. If this 100-point range holds, then there is a big...
Try to short (downtrend & correction not yet done in the weekly chart)
4.The gap can act as a resistance
6.possible reversal zone
7.Banking sector looking weak(like high weightage stock like HDFC bank, ICICI bank.....
Disclaimer: Please consult your financial advisor,