TATA STEEL : bottoming out with a cup n handle pattern ?Tata Steel on its weekly charts seems to be breaking out with a cup n handle pattern signalling a medium term breakout from its bottom. Looks set for 440 and 500 levels
Search in ideas for "TATA STEEL"
Tata Steel--Trade with Channel.....Tata Steel ---if breaks the channel...downside ...there is leakage ...so don't go long ....going longs will be advisable only above previous swing high@382.50....or if channels get broken downside then 360--362 can be the target zone...
Go long if it starts moving above 382.50....but be careful...it could go till 384.50 --make double & fall....think with lightening speed yourself...
One can take buy call at current levels with recent stop....which is always risky...you can get or it can fail....
Regards, Abhishek H.Singh,CMT
TATA STEEL HITTING THE LONG TERM RESISTANCETrade with caution in Tata Steel. Tata Steel is trading with a Bullish Bias in short therm but at current levels it is trading just below its long term resistance. You can see in the weekly chart, i have drawn a trend line connecting swing high's of 2018 and 2020. In last 3 years Tata Steel have never violated this trend line. Today, Tata Steel is trading near this resistance line. We can see that it has once touched the resistance line and seen some pullback. One should book long position for now or keep a strict trailing stop loss in case we see a reversal in Tata Steel. One can re-initiate long position for long term once the stock crosses the Resistance line.Once the trend line is crossed, the resistance will become support. I will initiate long position for long term once this trend line is crossed with my stop loss at 3% below the trend line.
Tata steel — more downside than upsideMorgan Stanley published target of 95 Spot price for Tata steel earlier today.
Looking at poor state of Nifty (under 18000), and sharp increase in Tata steel price, we see more downside than there is upside, in Tata steel.
Also, Tata steel has rallied from 85 to 115+ already. Increase in iron ore price means REDUCED margins for Tata steel, not increase in their margins or price.
Tata steel can be sold into, if you see price rise; given that nifty is under 18000.
Tata Steel: Technical Analysis at it's very best...!!! 🙂🙂I have been trading Tata Steel since October 2022 and In the month of November this is what was posted for Tata Steel
The stock was trading at 104.75
- Target given was 113 / 118 / 122
- also had suggested the importance of Green Line acting as support ( Click on the above chart for detailed analysis of November 2022)
_______________________________________________________________________________________________
You can see now that Tata Steel has respected the levels identified with the help of Technical Analysis to perfection
- green line provided the support
- yellow zone acted as resistance for a good time
- once above that, today it has given a big breakout trading 6% up for the day at 119.45
_______________________________________________________________________________________________
Our expectation was Tata Steel to hit our targets around mid December. It has achieved it in 1st week of January 2023. Not bad I guess....
In this difficult market, the idea has provided a nice 15% profit in little less than 2 months.
Fixed Deposits will take 2 years to give that kind of returns.
What more do you want from Technical Analysis. I sincerely hope the idea has helped you guys.
If bought earlier, consider to book partial profits and Trail SL to 116. Book full profits as we get closer to red Line of Resistance.
Let me know if you find the analysis and insights helpful.
Do hit the Like button (itna haq toh banta hai 🙂) and Follow for more ideas like these...!!!
Take care & happy trading...!!!
Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- I have been wrong in the past and can be wrong again in future too
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
TATA STEEL :- MY STUDY ON TATA STEEL NSE:TATASTEEL MY STUDY ON TATA STEEL. DO YOUR STUDY AND TELL ME YOUR VIEWS IN COMMENTS WHAT WILL TATA STEEL DO IN COMING WEEKS.
Study this only for educational purposes.
Tata Steel deep redSell pressure heavy in Tata Steel. Last week Tata Steel closed above 1250, but as the market crashed yesterday, the stock got into a downward trend, and the rally continues today.
Tata Steel broke the Fibonacci support levels of 1240, 1200 and 1175.
The following Fibonacci support levels are at 1152, 1130.
Super Trend, Smoothed Heikenashi and Follow Line Indicators are all in bear trend for the stock.
Tata Steel- Minor d-leg in process (Above 378.50 for 383-384)14:35 Hrs-IST-16th Aug2016
Current Price- 377
As per morning update - "Tata Steel-still top is not in place"
Yet to complete minor d? leg --can take Tata steel Above 378.50 to 383-384--In an unfolding triangle at one degree larger.
Trading Strategy- Above 378.50 -TS could complete its internal leg in the zone 383-384 slightly below 384.50- The Killer Top from previous updates on Tata Steel. Kindly maintain stoploss below 373.
. Going Above 384.50 -Kindly refer previous update.
Regards,
Abhishek H.Singh,CMT
TATA STEELThese are compelling reasons to consider a long position on TATA STEEL:
1. Strong Daily Support: When a stock sits on a well-established support level, it often indicates a potential bottom, reducing downside risk and creating a favorable risk-reward scenario.
2. Bullish Candle Pattern on Support Zone: A bullish candle at a support level can confirm buyer interest at that price, often signaling a reversal from that point.
3. Strong Fundamentals: With solid fundamentals, Tata Steel can be more resilient during market volatility, increasing the probability of a sustainable upside.
4. Nifty Metal on Daily Support: If the Nifty Metal index is on support, it can give sector-wide strength, providing momentum to Tata Steel if the sector bounces.
Waiting for confirmation with a CHOCH (Change of Character) on the 1-hour timeframe is a solid approach. Here’s a structured plan based on that:
1. Wait for CHOCH on 1-Hour: The CHOCH would confirm a potential shift in market structure, signaling the beginning of bullish momentum. This adds more reliability to the trade setup.
2. Entry on Retest / FVG / IFVG:
• Retest: After the CHOCH, a retest of the breakout zone could provide an optimal entry, ensuring the breakout holds.
• Fair Value Gap (FVG): If an FVG appears within this structure, entering here could capture the shift in momentum at a lower-risk point.
• Imbalance Fair Value Gap (IFVG): An entry on an IFVG could further refine your risk-to- reward ratio, especially if market liquidity fills these gaps.
Tata Steel for 25% gainDate: 24 Sept’24
Stock: Tata Steel
Timeframe: Daily
Tata Steel seems to be in Wave V of 5 which has a likely target of around 200 (25% from current price of 160) as seen in the chart. Volume is high and RSI is strong. Even if this price is achieved in next 3 to 6 months, it is a safe bet.
This is not a trade recommendation. Please do your own analysis.
TATA STEELEquity name - Tata Steel
Below scenarios might be possible
Buy above 1370-75 target 1480 & 1533
DISCLAIMER - DO YOUR OWN ANALYSIS AND WATCH MY PREVIOUS ANALYSIS
Tata Steel: Chart set up and trading viewHistorical levels in Tata Steel tend to provide good Risk:: Reward ratios to enter trade.
Levels are mentioned in the chart.
View gets invalidated if Tata Steel goes below 112
Take care & sage trading..!!!
Disclaimer
-The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- I have been wrong in the past and can be wrong again in future too
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
BULL RUN Resumes in Metal stocks ? Tata Steel breaking out !!Tata Steel is trying to break out of the long Consolidation (1.5Years+)
It did a breakdown on 23rd Decemeber but immediately reversed which suggests a furious move on the other side.
It was also the 61% Retracement of recent trend.
Important Levels:
For Long term Investors: It should not Close and sustain below Rs100. Trade below 100 opens up the areas of Rs80-85.
For Short-medium term traders: It should not enter into the triangle zone again. Entering in it will suggest the lose of momentum and a trader must exit if it happens.
On upside: 130-135 seems to be the first hurdle zone for Tata steel.
But, according to the long term chart structure, it has a very long way to go.
I am expecting a new ALL TIME HIGH SOON till the downside levels are saved.
NOTE: These are for educational purposes. No Recommendation.
Tata Steel Breaking Out !!📈 Tata Steel 📉
Tata Steel is breaking out of trend line after testing multiple supports at lower levels. Possible targets of 1410 & 1500 will be possible.
All Important Supports and Resistances are drawn in chart. All levels are on closing basis.
Please have a look and revert back if you need some more study on it.
Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
TATA STEEL_TREND ANALYSISAs on 01/10/2018, TATA STEEL TREND IS NEARLY DOWNTREND.
SELL TATA STEEL BELOW 574 FOR TARGET 565/559/551 SL 592
Tata Steel--100% Strike Rate (Killer Top@384.50)From Previous Update---"Tata Steel-Killer Top@34.50" ----Tata Steel...slips from 382--383...as expected ....to lose only 2 Rs as Risk with stop above 384.50--Our Killer Top....
It Indeed is favouring the idea of Killer Top....
Currently Runnning at 375...Current Low-374.30.....7 Rs Down....Bang On... Now Look Left & Trade Right....There is previous resistance which could form current support---This is "Polarity Reversal Concept"----Resistance Turns into Support & Support Turns into Resistance....
Regards,
Abhishek H.Singh, CMT
TATA STEEL! Technically Strong Steel.Today we will analyse Tata Steel, A large Cap company.
This stock presents so much to learn.
Fundamentally, the stock is performing below average compared to previous 2-3 years.
But last quarter was decent.
Technically, the stock still has opportunities.
The levels and indicators are marked in the chart.
This is for educational purposes only. Not a buy/sell advice.
Tata Steel Good Days ...Go long on Tata Steel. POSITIONAL VIEW
it broke the flag pole pattern on daily chart frame
Buy Level - CMP Or 1141 perfect level
SL- 1112
Target - 1175/1200/1220/1240
Tata Steel (TATASTEEL), NSEFlag breakout on weekly chart. Tata Steel follows Hindalco and Jindal Steel. Metals looks good for the next 2-3 years.
TATA STEEL... METALS ARE LOOKING GOODAn ascending triangle breakout in Tata steel. All metal stocks are ready for the rally. Good to buy for targets of 1400 plus.
Tata Steel: A new cycle to startAs we all know metals and some minerals stocks work in cycles, as per chart and price actions all metal stocks are ready to fire up again, and from all those Tata Steel is a good name to bet on.
current price is 142. we can add up to 136
with SL of 128. this can reach 180-200 in the next 6-8 months.
TATA STEEL 28JULY EXPIRY TATA STEEL has potential both sides, so it is better to have an IRON CONDOR
-1x 28JUL2022 800PE - ₹ 1.2
+1x 28JUL2022 760PE - ₹ 0.55
-1x 28JUL2022 1060CE - ₹ 1.4
+1x 28JUL2022 1120CE - ₹ 0.6
With ROI of-1.67% with just 7 days of trading session left
It is a very good opportunity for safe traders
The only thing required is large capital
Margin required for 1 lot of IRON CONDOR is ₹36814
TATA STEEL: CALM BEFORE THE STORM?For those who have missed out the metals rally, the market still offers an opportunity to buy afresh. There is some steam left in metals. If you look at a 10-year average EV to EBITDA, we are still trading at 6.5 times. The 10-year average is 6.9. I think it will continue to go up. Buy tata steel at cmp for 1400 levels in short-term.
