with great gratitude i would like to thank you for the way you have tried to explain the technical analysis patterns. very interesting and informative. by the way while joining the EOD data for the rectangular patterns or any other patterns whether we should join only the high/low tick of the candlestick or the body of the candlestick. hope i am clear. kindly guide me.
by the way is Tata steel shwoing signs of a cup and handle formation
2 possibilities as of now from the chart ... either 308 or 353 ...
You will have to keep monitoring the chart to see that
there are no change of plans by the Scrip else
the tickets bought by you for the destinations mentioned by the chart are non refundable
There might be an opportunity to go long on the Tata Steel futures in the morning after the gap-up retraces a little bit. Looking forward to Raunak's views on Tata Steel. Thanks.
This is much simpler imo .... what ever the rise would be offsetted and then once the scrip stabilises .. you can then square off the Jan Long Fut and/or the Nov Short Fut and simultaneously write calls / puts depending on what you see on TISCO in the short term ... and recover the lost dough ...