Tata Power - 3 Dimensional Analysis (Prices in Transition zone)
Updated
This is contra trade; going against classical chart pattern for short term. Put stop loss below below market structure @ Floor of cuboid and Target @ Ceiling of the cuboid.
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This is one person’s experience, your experience may differ.
DISCLAIMER: Trading in the stocks market or futures markets is one of the riskiest forms of investments available in the financial markets and suitable for sophisticated individuals and institutions. The possibility exists that you could sustain a substantial loss of funds and therefore you should not invest money that you cannot afford to lose. Nothing in this analysis is a recommendation to buy or sell stocks or futures and sandeepkumarmeenagreaternoida is not liable for any loss or damage, including without limitation, any loss of profit, which may arise directly or indirectly from the use of this analysis or reliance on such information.
This is one person’s experience, your experience may differ.
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Above is original short idea.Note
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Prices touched median line. Now is the time for reversal. But first let market give us clue for reversal.Note
No sign Yet, except Double Top, Lets wait for confirmation of reversal, if happens.
Trade active
Now look for initiating short positionNote
Thgough shaded pitchfork is still not valid, we may look for shorting a weak shoulder of the uppler parallel
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Finding opportunity need lots of patience.Note
MARKET DID NOT GAVE ANY OPPORTUNITY TO SHORT. IT WAS A FALLING KNIFENote
Trying to get into rythem with market.Note
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VALLEY FORMATION OVER AS PER EXPECTATION. THIS IS PUST TRADE AREATrade active
Initiated short position at 62 on 21.08.2020 using put debit spread.Note
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so far so goodNote
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Shifted to next month series put debit spread 60 buy 55 sellNote
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closing updates on this link idea
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