TATA Steel Short trade setup- March
Educational purpose only: herein TATA steel has marking Expanding Triangular pattern at wave ((B)) position.
It was a very rare scenario . Only 5% possibility for this type of correction. And same time wave ((B)) Retracement has been completed 50 % of a wave ((A)) with Expanding Triangular.. here Metal index formed FLAT correction.. this on of the main confirmation. Why I am saying this TATA stell main contributor to Metal index.
* Fib proportion 50% of wave A
* Second confirmation Metal index flat correction beginning.
* Clear pattern.
* Quality of the wave formation. Perfectly identical pattern.
* It right time to short trade.
*Support level 920-880.
Now we target to wave ((C)).
It was a very rare scenario . Only 5% possibility for this type of correction. And same time wave ((B)) Retracement has been completed 50 % of a wave ((A)) with Expanding Triangular.. here Metal index formed FLAT correction.. this on of the main confirmation. Why I am saying this TATA stell main contributor to Metal index.
* Fib proportion 50% of wave A
* Second confirmation Metal index flat correction beginning.
* Clear pattern.
* Quality of the wave formation. Perfectly identical pattern.
* It right time to short trade.
*Support level 920-880.
Now we target to wave ((C)).
Note
Update for Enter a trade ....Similar time frame wave counts are mentioned in this snapshot
Enter a trade for short 1350 -1375
Target level minimum = 1220 may be go long....
Transaction en cours
Right time to Take trade with stoploss
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Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.