Tatasteel_short
PATTERN IT HAS BEEN FOLLOWING SINCE DAYS.AS PER ME MORE CHANCES MARKET WILL FALL AGAIN TOMORROW AND TATA STEEL HAS NOT BEEN MOVING WITH MARKET SONCE YEARS FOLLOWING A PARTICULAR PATTERN AS SHOWN IN TH VIDEO SO MY CALCULATIONS SAYS IT WILL TOUCH SOMEWHWRE 350 AND BREAK DOWN TILL 330.
HOPE FOR THE BEST.
AND FOR DELIEVERY IT IS BEST TIME TO SELL IT.
TATASTEEL short signal at 400 I will short tatasteel because :
It is facing a strong resistance at the trend line.
Its not been able to break that trend line.
The price is again at the resistance trend line and may fall.
If it breaks the resistance trend line then we will be looking to buy.
Entry : 400
First Target : 320
Second Target : 280
Stop loss : 440
TATA STEEL: Rs 440 volts & Falling WedgeLower Highs and Lower Lows since the formation started in Jan 2018.
We had a huge move from Mar this year, wherein we had six months of bullish candles.
At Rs 440, its at an interesting juncture.
Is it bearish as it appears?
or is it some very bullish Chart pattern ?
I would go for a bearish stance.
TATASTEEL SHORTI hope you can now see how TATASTEEL represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis . U+1F60D
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