Tata Steel is in an uptrend and is correcting now. It seems to be on the verge of completing an a-b-c correction. It's likely for an impulse to start from here in the upward direction which could target the monthly chart trendlines.
We got a Bearish Cypher which offers us better Risk:Reward compared to the usual ones we trade.
Some may have noticed earlier and got into trade and if you haven't then here is your chance still valid to enter the Trade with lesser Risk.
Choose your Stops and Targets wisely according to your Plan.
Hit Agree if ...
A perfect double top is formed in the resistance zone itself.
Q4 results are coming on Monday ( 18.04.2016), so keep a note of it and trade accordingly.
If all goes as our study , we are looking for 100pts downward move.
Trade Safe ! Happy Trading !