This week keep an eye on Tata Steel in the zone of 404 - 394. This zone has multiple strong supports.
Reasons for going long are: LoV + Range squaring + Retracements + time squaring + Sq9 + Gann Angle + Gann No. + Annivarsary Date + Rule of 8 + High/2.
One can keep the stop-loss @ 389 on closing basis.
And,
A close below 384 will open the doors for 365, 323, 290.
Reasons for going long are: LoV + Range squaring + Retracements + time squaring + Sq9 + Gann Angle + Gann No. + Annivarsary Date + Rule of 8 + High/2.
One can keep the stop-loss @ 389 on closing basis.
And,
A close below 384 will open the doors for 365, 323, 290.
**The above readings are for educational purpose only.**
** Disclaimer: these are my personal views and for educational purpose and trade taken on these observation should be traded with strict SL. Please also read the detailed Disclaimer mentioned in the Right side of Blog.
