I wrote an idea earlier on TATASTEEL and my opinion of the same using the monthly chart.
Here, I've used the monthly chart of NIFTYMETAL which in my opinion is bullish at the moment. Even though, I am posting this idea in order to further my discussion presented in the TATASTEEL idea but have done as much justice possible to the NIFTYMETAL monthly chart and have...
buy above current black line sl that below black line and trailing target is above red dash lines.
******whatever charts or levels sharing here are just for educational purpose only not a recommendation. please do your own analysis before taking any trade on them. we are not SEBI registered.
🙄😲😳🥺🤓👁👀 keep open and don't think to short without conformation. all levels mentioned keep adding few quantities after each breakout and if break any support book it.
******whatever charts or levels sharing here are just for educational purpose only not a...
1) Wait for breakout and retest for accurate entry
2) If gap-up confidently take long
3) If resistance is strong , no trade .
4) 2 targets ate given , safe book at 1st target , trial to 2nd target if you’re an active trader .
Dt.- 27-11-2020 Price - 2925.75
Made a bearish Doji indicating there will be a correction. We are expecting that it may visit the support level that is placed at 2881.05 and if there will be more selling pressure among stocks than it can go up to the 21DEMA. Nifty Metal is in the overbought zone. This will be the key entry-level for the put option trader.
This is a simple strategy using the trendline. The price moved up steeply and has not seen a strong correction. The trendline was broken and the price tried moving upwards for a last kiss and was rejected from under the trendline.
This is an intraday idea, which can be moved to a positional play considering the negativity in the market. There is a strong chance...