{"id":4,"date":"2012-07-04T06:07:30","date_gmt":"2012-07-04T00:37:30","guid":{"rendered":"https:\/\/blog.fundsindia.com.cp-29.webhostbox.net\/?p=4"},"modified":"2018-07-13T18:07:01","modified_gmt":"2018-07-13T12:37:01","slug":"tata-steel-action-reaction-at-play","status":"publish","type":"post","link":"https:\/\/fundsindia.com\/blog\/equities\/tata-steel-action-reaction-at-play\/4","title":{"rendered":"Tata Steel: Action-Reaction At Play"},"content":{"rendered":"

Those who found my earlier posts on Action-Reaction lines interesting would find this one interesting too. This tool is simple but has to be used in conjunction with the underlying trend and with a proper understanding of risk-reward and trade management.<\/p>\n

Kindly direct your attention to the daily chart of Tata Steel posted below. I started off with a simple trendline and used the recent swing low as the Action point for measuring the reaction distance.<\/p>\n

 <\/p>\n

<\/div>\n

Notice how price registered a breakout past the centreline on Monday, July 2 and this line was tested yesterday and price has bounced off that line. I would now expect a rally to the reaction line. A target of Rs.500 appears reasonable.<\/p>\n

This is meant to be an educational post and how you want to frame a trade out of this is a question of personal preference.<\/p>\n

Trade safe and don’t get hurt.<\/p>\n

Cheers<\/p>\n

B.Krishnakumar<\/p>\n

 <\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Those who found my earlier posts on Action-Reaction lines interesting would find this one interesting too. This tool is simple but has to be used in conjunction with the underlying trend and with a proper understanding of risk-reward and trade management. Kindly direct your attention to the daily chart of Tata Steel posted below. I […]<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[59],"tags":[],"yoast_head":"\nTata Steel: Action-Reaction At Play<\/title>\n<meta name=\"description\" content=\"Those who found my posts on Action-Reaction lines interesting would find this one interesting too. 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