Tata Chemical E waves + Price action breakdown !!The location of trading activity. At the end of the chart, on the Upper right, we can see that the trading activity moves in the bottom, part of the value area, between the control and the value Low. This is uncharacteristic for an Uptrend. Additionally, the price rotations are becoming narrower, it is starting to rotate between the control and value low. In an Uptrend, when price rotations become small and they happen in the Lower part of the value area, the trend is most likely to end. The narrower the rotations, the bigger the break of value will be. Why is this? Because the market is becoming too efficient in facilitating trading between buyers and sellers.
Sell Below : 290 Target 284-276-260-240 Possible even
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Tatachemical
Tata Chemicals : Short Opportunity [Bearish Cypher]We got a Bearish Cypher which offers us better Risk:Reward compared to the usual ones we trade.
Some may have noticed earlier and got into trade and if you haven't then here is your chance still valid to enter the Trade with lesser Risk.
Choose your Stops and Targets wisely according to your Plan.
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Happy Trading !