Tata Chemicals Elliott Wave Analysis & Wave Counting !!Trend Analysis & Wave Counting !!
Follow Chart Instruction.
Invalidation Point for (4) th wave Completion is 188.75.
Hence we can Buy in deep near 195-200 range by taking stop below 188.75
TATACHEM trade ideas
TATACHEM: Intraday Swing TradeTATACHE is breaking its supply zone @ 290-294. If it will manage to sustain above this zone then it may test its next supply zone @ 306-308
TATACHEM - BULLISH TRENDTATACHEM - BULLISH TREND
BUY - ABOVE 272.8
SL - 267
TARGET - 280 .. 288
Sentiments(Average)
Buy 74 %
Sell 26 %
Derivative Option OI
Maximum Call @300 (Resistance)
Maximum Put @245 (Support)
Tata chemMy view Bullish...
Do you own analysis before trade...
Oi buildup show bullish also...play accordingly....
TATA CHEMICALS, Elliot Wave Analysis For every folks (investors) out there, my Elliot wave analysis is based on weekly or monthly time frame for long term Equity asset class (stocks) & Forex Market.
My study is based on Ralph Elliot, Elliott Wave Theory is a method of technical analysis that looks for redcurrant long-term price patterns related to persistent changes in investor sentiment and psychology.
Trading is not about being right or wrong,its a game of probabilities.
Long One can wait for this small correction to complete , and look for reversal near or at 216 for entry
book near the forecast using trailing stop method
Short sell set up One can wait for close below the structure , as its about to end its move with in structure and wait for small flag to form before taking the trade and look to book near the forecast
Buy if breaks the resistance point of 775 on closing basis Buy if breaks the resistance point of 775 on closing basis with good volumes
TATACHEM Inside Bar TradeLong if it breaks the high of the previous day with a stop loss at the previous day's low.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
AT A CRUCIAL JUNCTURESHORT BELOW 749 OR LONG ABOVE 749 FOR TGT OF 5 TO 6 points ON EITHER SIDE.
INTRADAY SL 749 FOR BOTH LONG AND SHORT.
