TATASTEEL trade ideas
TATASTEEL Daily Bearish BAT .....Ultra high volume up bars - trap of Smart Money , Higher volume- Professionals are selling into the public buying
High + volume show supply – public buying – smart money selling..As INCREASING VOLUME is present ON last DOWN BARS defines Strong sell Horizontal BLACK DOTTED lines r High & Low of ULTRA HIGH Volume CANDLE .Vertical dotted line is ULTRA HIGH VOLUME i.e SMART MONEY
ULTRA HIGH VOLUME for going SHORT we need LOW VOLUMES in the area of ULTRA HIGH VOLUME BAR. as High volume shows interest to the upside from “Smart Money” so prices may go higher.SET UP BECOMES VALID ONLY when Price breaks ULTRA HIGH VOLUME Candle LOW with LOW VOLUMES & with NO DEMAND l.e place for short
POTENTIAL SELL
TATASTEELRANGE OF 405-407 MIGHT ACT AS SUPPORT HERE, IF SUSTAINS THEN 416, 421 AND 427 ON CARDS IN UPSIDE
ELSE 400, 393 & 385
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Hi all,
Its pleasure to have you all here.
I have started putting these charts as a contribution from my side to all people who are new to business, as I had to struggle a lot without any sources at disposal. So please consider this a just small contribution from my side.
Few Honest Disclosures:
1. Any idea shared is my personal view, its not a recommendation, neither any kind of paid propaganda, so please
do your bit of research.
2. Ideas shared does not mean that I trade all or have position in them, this is just a helping hand to all.
3. I expect no comments or like nor any negativity, as I said its just a small helping hand from my side, please plan your risk and trade as per your capacity.
4. To trade in Cash, options or futures is your sole choice and your own risk
5. I am no expert in Tech Indicators, I believe in support resistance and trendline theory, you may use this as a supplement theory for better results.
6. I work for my own living, this is a hobby which I do sincerely to help anyone who might come across my charts.
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Tata steel good short candidateTata steel is clearly trading in falling channel pattern since last 15 months,,
currently counter is trading around resistance trend line of falling channel pattern
also counter is following perfect time cycle of 245 days
every 245 days counter tends to touch resistance line of falling channel pattern and again start it journey towards south,,
view gets negated once counter manage to give close above 460 levels
TATA Steel near to channel resistance - Sell Call for level 440#TATASteel is in downtrend in long while in uptrend in shot and following the Channel Pattern. Forming the Higher Low and lower low pattern on chart.
Level 440 has highest built-up of OI and OI is increasing on CE side.
Sell the Call option for Strike Price 440 or above once stock will near to resistance so you will get good premium.
(Disclaimer: This is only for educational purpose and paper treading. Learn and take advice from you financial advisor)
TATASTEELNSE:TATASTEEL
RANGE OF 405-407 MIGHT ACT AS SUPPORT HERE, IF SUSTAINS THEN 416, 421 AND 427 ON CARDS IN UPSIDE
ELSE 400, 393 & 385
************************************************************************************************************************************************
Hi all,
Its pleasure to have you all here.
I have started putting these charts as a contribution from my side to all people who are new to business, as I had to struggle a lot without any sources at disposal. So please consider this a just small contribution from my side.
Few Honest Disclosures:
1. Any idea shared is my personal view, its not a recommendation, neither any kind of paid propaganda, so please
do your bit of research.
2. Ideas shared does not mean that I trade all or have position in them, this is just a helping hand to all.
3. I expect no comments or like nor any negativity, as I said its just a small helping hand from my side, please plan your risk and trade as per your capacity.
4. To trade in Cash, options or futures is your sole choice and your own risk
5. I am no expert in Tech Indicators, I believe in support resistance and trendline theory, you may use this as a supplement theory for better results.
6. I work for my own living, this is a hobby which I do sincerely to help anyone who might come across my charts.
***********************************************************************************************************************************************
TATA STEEL DOUBLE TOPHello!
TATA STEEL making double top at around 350 level if not give close above 350 do short for the target #1 300 and target #2 253
If give close above 350 in close then buy for the target 406.
NOTE : Only for education purpose do add your common sense before making any trade, I'm not responsible for your profit or loss!
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Regards
Sanam Patel