Tata steel -using double pitchfork to get support and resistance

Hello everyone, first of all, thank you for all the support and comments. It's not possible to reply to everybody's private messages, so in case I am late or couldn't give a reply, please do not mind.

Coming to analysis :-

The chart looks bearish and once it breaks the box/consolidation phase, then we can see further fall towards the median line of 2nd pitchfork and below that towards the end of 2nd pitchfork. If you want trade setup for this chart, please comment and I will analyse it for you and share it in other idea or comment down here, else you can plan your trade accordingly.


How to place double pitchfork:-


1. I will assume you know about pitchfork and know how to use it, so place pitchfork 1 as shown above.
2. After placing and adjusting it, make a clone of it and just move it below/above the pitchfork 1. This is our 2nd pitchfork.

Now, some experts may disagree with it, but I am just sharing a simple yet effective methodology which new traders or beginners might don't know and it may benefit them.

Also if you all want more educational charts please comment below. Please feel free to engage with me on this platform.

Do like and support

Thank you,
Kalpana