Long or Short Opinion

[rajputz]

Check the chart of TATASTEEL. if nifty faces resistance to move above, then shorting can be done. Its week upon CCI, Stochastics, RSI and Pivot system. Pivot low is broken suggesting further downward move.

Price is also standing between 20 and 34 ema so be cautious as price can move to either side with nifty. My shorting point will be 648 for target near to 635.

if cci hooks to upside giving a reject to downside then will buy it at 663 for target 683.

price is standing in no trading zone of 648 and 663. Above or down it is trading zone for me.

5274 is trend decider for nifty tomorrow. Will stay short below it and long above it.

Check the charts

Intraday chart of Tatasteel...see the sell day.

 

[scplindia]

just got back, sesagoa selling off, at 441. more down side possible is it? can I enter now.
tatasteel also can I enter at 647, what is the down side target.

 

[scplindia]

Today's sell off of sesagoa is news based. How come this was seen on the charts of 21st, two days in advance. may be news leak and insider trading ???? What do we call this.

 

[rajputz]

I predicted it a way back, but the range bound movement hit the stoploss that day...and also a new method that i have seen working in few days told that the condition were range bound. But direction was right.

All it asked was a broader stoploss which i dont allow to my trades.

 

[rajputz]

Check the Famir pattern that has appeared on Sesagoa with the increased volume. A down Move is expected in the coming time. The stock has risen unexpectedly since nifty has started up trend. Check the other signals too.

Breaking of the Major support at 458 and 446 is must for further downside

There were trend reversal signals. News always reflects in charts. Because news is known to some body in advance. And its effect is seen on charts. Also the Volumes.

 

[scplindia]

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can we short sesagoa for further gains, what is the target. also advise the target for tatasteel.

 

[rajputz]

For sesagoa the next target seems to be around 429 418 410...trend decider level is 451.

If move continues on tatasteel, then the next target will be 633 618 592....trend decider is 659.

Rest i will update in evening. Didnt got the EOD data yet.

 

[chaitanyagoa]

For sesagoa the next target seems to be around 429 418 410...trend decider level is 451.

If move continues on tatasteel, then the next target will be 633 618 592....trend decider is 659.

Rest i will update in evening. Didnt got the EOD data yet.

Sorry Could participate for the past few days ..... will post from here on

 

[rajputz]

Sorry Could participate for the past few days ..... will post from here on

Welcome back buddy...was getting alone out here...

 

[chaitanyagoa]

Welcome back buddy...was getting alone out here...

Yeah i posted few recos on the other thread....... U might wanna check that....

I will try posting a few charts here too Or atleast comment on ur analysis on what i think..... BOth of us can learn that way!!!