zubizubi98

zubizubi98

Today I noticed good volume in daily chart of Tatasteel. So I have done a multi time frame analysis. The orange trendlines are from a Wedge like Pattern marked in Hourly chart. Upon analysing 15m Chart I have observed a flag breakout with closing as well. If possible price may retest breakout level. I am bullish if index supports tomorrow.

zubizubi98

Description has been provided in the chart

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This is a Simple view of Reversal in the very short term. Upside Chance and Potential will depend on Fundamental Outlook of World Markets Post Easter

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Description has been posted in the chart :)

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A Risky Position in this volatile market. Reasons have been mentioned in chart itself.

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Depending on Retest Capability of Price, we Take Trade accordingly with the marked levels. Downside Sl is 504***

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Pattern Breakdown on 15m chart

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We need to observe how the Exchange rate will move with the current Indian Economy situation.

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Fibonacci and Channel analysis

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Test of Trendline and Fibo Levels

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Breakdown/Breakout Pattern Study on Daily Chart

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Daily Bearish Reversal

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Trendline analysis of Monthly Chart

zubizubi98

I have used simple Pitchfork and Fibonacci for analysis. We can observe that we are still bullish if we take April/May 2003 as a bottom. Levels suggest some hope around 7230 and 6095. The latter is a much stronger level since it coincides with the TrendLine. Violation may lead to levels around early 5000s. Let us hope for the best.