All the lines marked are Fibonacci retracement and extension levels means Support and resistance
I've explained how can can use Fibonacci levels in trading using example of NSE:TATA STEEL . Firstly know your trading perspective, and choose your chart time frames accordingly . Now use higher time frame chart and draw FIBONACCI RETRACEMENT TOOL from bottom to top(in Uptrend) and top to bottom (in downtrend) for current trend. . Mark the levels using...
As I've already shared my analysis on tata steel for long position and now see same happened so step in market with strategy ,but not with emotions or mindset KEEP LEARNING
DOUBLE BOTTOM pattern formation in process what are your views , very active stock keep on radar
according to me it will now bounce back from its resistance zone and move in upwards for next target what you guys say keep radar on this one very interesting
breakout if crosses resistance zone with heavy volume for confirmation and retest can be seen in future movements
Currently prevailing at resistance level and formation of Hanging Man pattern what you guys think will it break current resistance or it will retrace
What are your views
What you think about my analysis , chart is showing clear picture for the stock