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Tatasteelstrategies

Channel pattern exactly at resistance.Price as discussed in weekly time frame ( related ideas) rejecting from the trend line, as said after confirming the rejection we can go for short trades. AS seen in the pic price is forming a parallel channel pattern at the weekly trend line which is the rejection levels, wait for the channel break and enter the short trade. If channel breaks up then the above analysis is invalid look for long trades, don't jump in long trade immediate.
NSE:TATASTEELShort
by Tradersasi23
Updated

Select market data provided by ICE Data services. Select reference data provided by FactSet. Copyright © 2025 FactSet Research Systems Inc.© 2025 TradingView, Inc.

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