It was a kind of anticipation set-up. Refer Tata Steel day chart. It is already in the rally mode/ uptrend. The strategy is to buy on the dips for positional trades. Similarly keep a watch on the buy signals for intraday. Buy signals are BOF-PDL, BO-PDH.
1. BOF - PDH . It's a sell signal. Should have ignored as per my plan. But I did burn my fingers.
2. After a good level of consolidation near PDH, it gave a BO at 264.3. It gave a significant move after that. Profit 7Plus points