HWHG trade ideas
Simple Trade Setup | TATASTEEL | 07-06-2022 [INTRADAY]NSE:TATASTEEL
Observations:
1) 1Day TF for reference.
Please refer below chart : 1Day time frame.
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Trade Setup for 07-06-2022
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Tata Steel - Short Opportunity#TATASTEEL - Read it full- New way to learn how to read chart
Comment 'we are the powerhouse' if no one teaches you in such easy way ;)
Short opportunity
Lets explore new style of seeing stocks. As stock is in Downtrend. Ask yourself, 'Last selling kaha se ai' . You will get an answer -1200 levels. Then ask 'last buying kaha se ai'. You will get an answer -1100 levels. Now these two are your key levels.
Now till the time these two levels are not broken to up, the trend wont change.
Now how to trade? Levels jahan se last selling ai, vo wale log profit book zarur karenge aur stock upar ja skta h kabi b. Will you buy it right now? NO- as it can hit your sell.
Now as we understand, we wait for a pull back to the level jahan se ' Last buying ai' or the level jahan se 'last selling ai'. If on either levels, we see a bearish candle, that will be our entry and SL will above that level.
Level jahan se last buying ai is important, because that can be a possible resistance now, which was earlier support.
I hope your learned a new way today & Understand chart in a better way
Double Top Pattern at tatasteel Be Cautious #Doubletop #Pattern (trend reversal ) at #tatasteel weekly chart.
A double top is an extremely bearish technical reversal pattern that forms after an asset reaches a high price two consecutive times with a moderate decline between the two highs. It is confirmed once the asset's price falls below a support level equal to the low between the two prior highs.
NOTE- INVESTED #TCS
ONLY FOR #educational
NOT SEBI REGISTERED. #LEARNEARN (DONT TRUST ANYONE)
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