short tatasteel in zone of 488-492 with the sl of 504 closing bases...target should b around 458 ,then llikely around 444
Price pattern....rest detail setup is not possible here to demonstrate... may it will go or conflunce with yur setup.... till now in buy setup....till above 137.8 and for long term purpose 112
1) 3 rd wave looks like to complete 2) extended AB=CD 3) 61.8 RET. of full upward swing 4) rsi oversold zone 4 5) positive divergence on slow stochastics 6)Any good pullback from here is good selling opp...
Follow price.........for success, trading is simple dont make it complex...time and price comes together for trader just wait till then .....trade u will find success
Education purpose .... From experience must tell u best setup is price pattern.. what ever u follow finally u look for price patern first till.. KISS METHOD ALWAYS WORK FOR ME
As a student of Technical Charting....i always follows price ....top down method. overall in downtrend ... any bounce back sell.. may tin day or two a bounce back is likely...chance tomm from around 100 levels...
gartley pattern prz zone is @139. -138.10 best price conflunce is@138.10-138.45 stoc in oversold zone
#daily trend is up just for reference
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