Technicals: Previous day pinbar and twice price rejection at 428 with double top formation coinciding with falling rsi and Stoch Crossover.
Target: first target 401. Second Target 385 towards 20 and 30 SMA.
Stop Loss: above 430 on INTRADAY basis.
Thanks.
评论
Niftyadviser
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TATA Steel accurately achieves second target of 385 and bounce back from 383 to 400. If you want to know how to trade such idea low risk high reward please contact me. We had achieved 1:10 risk reward ratio in this trade.
Niftyadviser
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First target has been achieved today. Tata Steel made a low of 390 and nearly achieved the second target as well.