Tata Power - 3 Dimensional Analysis (Prices in Transition zone)

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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.
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TATA POWER SHORT IDEA
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Above is original short idea.
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TATA POWER SHORT IDEA
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Prices touched median line. Now is the time for reversal. But first let market give us clue for reversal.
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No sign Yet, except Double Top, Lets wait for confirmation of reversal, if happens.
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Now look for initiating short position
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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.
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MARKET DID NOT GAVE ANY OPPORTUNITY TO SHORT. IT WAS A FALLING KNIFE
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Trying to get into rythem with market.
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VALLEY FORMATION OVER AS PER EXPECTATION. THIS IS PUST TRADE AREA

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Dagangan aktif
Initiated short position at 62 on 21.08.2020 using put debit spread.
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so far so good
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Shifted to next month series put debit spread 60 buy 55 sell
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closing updates on this link idea
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