Search in ideas for "TATA STEEL"
Tata Steel Swing (Long)Tata steel has fallen more than 10 % from 19 October
-->Has taken a pull back from 1270 .Region tested 4 times previously and providing firm Support
-->10 % fallen in short span. A short covering/pull back rally can be expected.
-->Every Mid month of cycle of falling seems completed.
(Education purpose only. Consult your advisor before taking any trade)
TATA STEEL SHOWING A BREAK OUT SIGN!Tata steel stock price has fallen in recent times. However, the price is showing bullish signs now. The volumes are increasing and the price is nearing a breakout. The overall metal index showed a bullish sign.
The XABCD bat pattern sets a supply zone/ PRZ which has to be taken out to make a new all-time high.
Start booking the profits from the supply zone and trail until the all-time high is broken. The short-covering moves can take the price to the ultimate target set by the XABCD bearish crab pattern.
The breakout, stop-loss, and target levels are mentioned on the chart.
Happy trading :)
This is just for educational purposes.
TATA STEEL - Breakout TimeTATA STEEL- This stock is producing nice parton for short medium and long term. If the triangle starts moving on the Parton trade line, it could even show 1700 in the short term. This stock is creating a channel parton. There is no limit to the sky for this stock to go up.
bay abov 1395
tr 1 - 1470
tr 2 - 1535
tr 3 - 1610
SL - 1325
We are not a SEBI registered analyst. This is for educational purposes only. You must consult your financial advisor before you trade. We do not advise you to buy or sell. You can trade at your own risk. We are not responsible for your profit or loss.
Thank you.....
Tata steel down sides | Triangle patterntata steel get down from its higher sides now its consolidating
forming a triangle pattern
major resistance level to watch 1324
watch for breakout ( expecting down side breakout )
if breaks-down then down side first Target will be 1232 second 1174
use it for taking intraday/overnight trade| only when breakout down side
Tata Steel at crucial junctureTata Steel has taken hit due to Evergrande situation in China . Now it is at very crucial juncture i.e. 1200 support level , if in case it breaks down it can easily go down to 1050 level but that is yet to be seen... 1200 is very strong support not only in terms of trend line but also from VWAP and even after taking the beating it is positive in terms of relative strength . So in case of any sign of recovery we can take risky trade and get some good returns . Current risk to reward is also favorable and i would look for 1: 3 or 1:5 risk to reward.
TATA STEEL PRICE ACTION ANALYSISTata steel's price has taken a drastic fall today. The price is near the demand zone set by the XABCD bullish bat pattern.
If the price bounces off from the demand zone, we can go long and consider targets mentioned on the charts.
The stop loss level mentioned on the chart is technically sound support, if this level is broken, the fall could be drastic and can continue. If you are a risky trader, consider holding until 1070.
Happy trading :)
This is just for educational purposes.
TATA STEEL BSL - Swing tradeTata Steel BSL above 95 will give a very nice RR ratio trade.
Keep an eye.
TATA STEEL PRICE NEARING A SUPPLY ZONE.Tata steel price is near the XABCD bearish pattern's potential reversal zone. From PRZ the price could make a correction or breaking of the PRZ could lead to a short-covering rally.
For new long entrants, wait for one of these scenarios. The levels and the stop loss point are mentioned on the chart.
Happy trading :)
Only for educational purposes.
Tata Steel What is Next move ?Tata Steel 1384 - A powerful reversal bearish 'V' top pattern suggests,1365 will act as a trend decider for target 1410 or to 1309 on breakdown.
V-Pattern :
The V-Pattern is a powerful reversal pattern seen in all markets, all time-frames and in all instruments. The "V" pattern consists of rapid price action and may not be suited for all casual investors. The "V" patterns are formed when its trend is sharply switched from bearish to bullish (in case of V-Bottom) or bullish (or sideways) to bearish (in case of V-Top patterns).