TATA STEEL -- INTRADAY SETUP -- 11/07/2022
1. As per daily chart , hourly chart look like metal stocks like Vedanta, tata steel, jindal steel and hindalco seen strong short covering,rollover at last few session, stocks are bottom out at extreme oversold level and looking for trend reversal after some profit booking in last season,
2. TATA STEEL look good after given lower channel breakout and now after pullback again retest channel lower support at 15 min chart where 21, 200 HMA shown good support and can shown upmove in next trading session after some profit booking in last session
3. BUY can initiate at intraday at 880-885 level for intraday target 890-895-900 and stop loss can place bellow trendline support at 872
4. intraday support and resistance shown on chart
5.RSI at 41 at daily chart
THIS IDEA IS FOR EDUCATIONAL PURPOSE ... trade at own risk .!!
HAPPY TRADING !!
1. As per daily chart , hourly chart look like metal stocks like Vedanta, tata steel, jindal steel and hindalco seen strong short covering,rollover at last few session, stocks are bottom out at extreme oversold level and looking for trend reversal after some profit booking in last season,
2. TATA STEEL look good after given lower channel breakout and now after pullback again retest channel lower support at 15 min chart where 21, 200 HMA shown good support and can shown upmove in next trading session after some profit booking in last session
3. BUY can initiate at intraday at 880-885 level for intraday target 890-895-900 and stop loss can place bellow trendline support at 872
4. intraday support and resistance shown on chart
5.RSI at 41 at daily chart
THIS IDEA IS FOR EDUCATIONAL PURPOSE ... trade at own risk .!!
HAPPY TRADING !!
Comment:
TATA STEEL intraday 1-target 890 HIT .. 9.27 AM
Comment:
INTRADAY HIGH 893.50 AT 10.25 A.M
Comment:
TATA STEEL Intraday Target 2- 895 HIT --- 1.20 pm
Comment:
TATA STEEL --FINAL TARGET 3- 900 HIT !
HAPPY TRADING !
HAPPY TRADING !
Comment:
PROFIT BOOK AT ABOVE 905..!
Comment:
TATA STEEL HIT 922 ..boom boom profit. !! enjoy the ride...!
Trade closed: target reached