Trading Challenge II : 300% in 5 months

[SwagatN]

TATASTEEL Market Structure analysis 10:45AM
=================================
No complex correction SHORT setup manifested. Strong buying continued to come. 5m might start a real uptrend above 573/574 (S/R zone) on which I will look for LONG on next pullback,

 

[SwagatN]

TATASTEEL Market Structure analysis 11:30AM
=================================
5m = A real uptrend has started. sentiment remained bullish. Looking for LONG in the pullback. Now 572/574 acts as support zone
1M = Real uptrend, but grinding in nature. Sentiment is bullish. Some selling attempts were seen near 578, which needs to get absorbed for a sustained upmove.

 

[nurav]

http://prntscr.com/khwfsf 3 signals to go long in TS since morning. Now TSL is at 574.

 

[nurav]

TSL is at 577 as per me now. Strength only if we take out 583.30

 

[SwagatN]

TATASTEEL Market Structure analysis 12:30AM
=================================
5M = Real uptrend with strong supply coming over 580 - 582. A complex correction is on card, ERL activated at 578, below which I might look for counter trend SHORT on 1m.

1M = Real Downtrend. Looking for SHORT on 1m pullback

 

[SwagatN]

TATASTEEL Market Structure analysis 12:30AM
=================================
1M = Real Downtrend. Looking for SHORT on 1m pullback

SHORT triggered on 1m real DT. at 578.4, SL above 580

 

[SwagatN]

SHORT triggered on 1m real DT. at 578.4, SL above 580

Price should not struggle to break below 577 for this trade to work, else this could be a trap

 

[SwagatN]

Real Action So Far..
(1m chart, trades are taken in the foot steps of 5m chart trend)

 

[SwagatN]

Price should not struggle to break below 577 for this trade to work, else this could be a trap

Price is struggling indeed, SL is tightened to 578.85, nearest ISP

 

[SwagatN]

Price is struggling indeed, SL is tightened to 578.85, nearest ISP

Price failed to trend down below 577, TSL hit, Scratched