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Tata Steel - Shining BrightTata Steel Ltd., incorporated in the year 1907, is a Large Cap company (having a market cap of Rs 64163.38 Crore) operating in Iron and Steel sector. Ratan Tata was the chairman of the Tata group since 1991. As he Said, "I don't believe in taking right decisions, I take decisions and then make them right".He boldly got Tata Tea to acquire Tetley, Tata Motors to acquire Jaguar Land Rover and Tata Steel to acquire Corus. All this turned Tata from a largely India-centric group into a global business, with over 65% revenues coming from operations and sales in over 100 countries. The Iron and Steel Industry in India is one of the fastest growing sectors.The demand drivers for the Indian Iron and Steel industry are increasing in the activities of the automobiles industry, real estates industry, transportation system, aircraft industry, shipbuilding industry, etc.Tata Steel is world's 11th largest and India's second largest steel producer. Large, public and private sector players strengthen steel production capacity in view of rising demand.The steel sector contributes over 2 percent to the GDP of the India and provides 20 lakh jobs in the country.Tata Steel has manufacturing operations in 26 countries.In 2007 Tata Steel acquired the UK-based steel maker Corus and renamed Tata Steel Europe in September 2010.Tata group is most valuable Indian brand as per Brand Finance 2017. Tata Steel is an organization that has seen many ups & downs as well as both world wars and depressions. Tata Steel has kept on moving and growing. As per analysis point of view, I’m expecting Tata Steel to make short-term high between last week of October to the first week of November, Then short-term low between last week of November to the first week of December.Then we will see the mid-term rally for the high between mid week of December to last week of December.We will see the major bottom of Tata steel in February and major top in March around 860-920 price range. Kulvir Singh CMT @ Gladium Norma
NSE:TATASTEELLong
by UnknownUnicorn1307339
2
Tata Steel: Breakout or UpthrustTata steel took a nice breakout of 498 levels and touched 520 levels. It consolidated between 507 to 515 range and then break down of that range to retest 498 levels. Some weakness can be surely seen on the hourly chart at the 498 retesting level. And the downward sloping triangle pattern is confirming sellers pressure. A break below 488 (base of triangle) will add more bearishness to the stock. However, it may find support at 477..the next support would be @ 463 At present the whole breakout move seems like an upthrust..or more like a breakout fakeout. Lets see where the traders can push the price.
NSE:TATASTEELShort
by jaysingh123
Tata Steel...Heading towards new horizons...TataSteel, one of the largest metal company of India, was in a steep downtrend since almost a decade. It hits high of 1048 in October 2007 and then we saw lots of ups and down in the counter. It hit another high of 579.90 in June 2014 and again it went down to touch the bottom of 199.70. Th counter started fresh upward movement in September 2015 after making a double bottom on daily charts. We identified the counter at around 220 and confirmed the upward movement. The immediate buy call was given and the call still continue, rather further strengthened with the strong and affirmative breakout of long term trend line on monthly charts in last month. The up trend is confirmed and the stock started northward journey to achieve new horizons. We hope for the targets of 600 in six month to 1 year horizon. So, investors are advised to long the stock in cash segment and tighten the belts for a wonderful joy ride... Even after achieving targets of 600, the counter can be followed for new highs in current upward movement with dynamic SL. Enjoy trading Trend is Friend...
NSE:TATASTEELLong
by TusharDave
2
Tata Steel's near breakout range on Daily Chart (10% Upside) **Tata Steel Technical Analysis - Potential Breakout Momentum (Daily)** **Technical Overview:** - Tata Steel (Ticker: TATASTEEL) is currently positioned near a potential breakout range on the daily chart. - This situation could lead to a substantial 10% upside momentum if the breakout occurs. **Key Points:** 1. **Breakout Range Alert:** - Tata Steel is on the verge of breaking out from its current range on the daily timeframe. - A successful breakout could trigger a significant price movement. 2. **Bullish Momentum:** - The stock displays evident bullish momentum in recent sessions. - This momentum often signifies increased buying interest and positive sentiment. 3. **Higher Highs and Higher Lows:** - Tata Steel's price pattern is characterized by forming higher highs and higher lows. - This pattern indicates a strengthening bullish trend. 4. **Breakout Watch:** - Traders keen on breakouts should closely monitor Tata Steel within the provided range. - A decisive breakout beyond this range could lead to substantial opportunities. 5. **Entry Strategy:** - For potential buyers, consider initiating a long position if the stock price successfully breaks the specified level. - Confirm this breakout with notable trading volume, indicating strong market participation. - Implement a strict stop-loss mechanism to manage potential risks effectively. **Disclaimer:** *This analysis is intended solely for educational purposes and is not to be considered as financial advice. The author does not assume any responsibility for losses that may arise from executing trades based on this analysis. Always conduct your research, consider multiple factors, and consult with financial professionals before making investment decisions.* --- Remember that trading and investing involve risks, and no analysis or strategy guarantees profits. This analysis should be used as a starting point for your own research and decision-making process.
NSE:TATASTEELLong
by AkshathTiwari
Tata Steel- Why you should be careful & Surprise downside moveTata Steel is my baby- because I started my career as an analyst & picked this stock for selling at 430 zones in Dec 2014 & then buying in the zone 200-210 which was Bang on Target- as I visualized this triangle in Dec2014. Tata Steel Monthly Chart Dec 2014 -it was in D-leg of the triangle- before coming to TradingView- when I set my eyes on TS counter. So, it could be larger wave-1 from bottoms@199.70 & likely to finish its leg at 441- recent high- likely because I want TS to break 377 which will confirm that 441 is the short term high. I was clear that Tata Steel could surprise market because there is an expanding wedge structure- which likely happens when retails go extremely bullish on the counter. I remember we traded circled wave-i at 408 & that was exciting till 355-357 in earlier updates. For me as an elliottician-I am clear that Tata steel is in nested 5th waves & likely to cause havoc in the markets which it started from 441 recent high. Trading Strategy Any bounce in the zone 418-420 from current lows@403 can be taken as selling opportunity. Long Term Strategy Likely going below 377 -will be the first sign of confirmation that TS is looking for 290-295 zones which could come true in Year 2017. Thank You.
NSE:TATASTEELShort
by WaveTalks
20
Tata Steel : The Stock Is Ready To Go SouthwardTata Steel has been trading in the corrective zone since the start of "2008 crash", and the same does not seem to have got over yet. This clearly means, "Picture Abhi Baki Hai Mere Dost", though on a negative side. But yes, Tata Steel is yet to get bottom out for those who are awaiting to make a longer term investment. Currently, I will not be commenting on its fundamental side, as it would surely require a deep analysis not only of the company but of the steel industry as a whole, which is still facing recession problems and the effect of other macro economical factors like GDP, Government Policies, International Markets, Currency Valuation, etc. etc etc... Before we look at the Technical side of it, I would like to say that I have analysed the stock using the famous EWT (Elliott Wave Theory). Though I am not expert on it, but have working knowledge and still trying to improve my knowledge on it. For those who do not have any idea about EWT, you are requested to go through the basics of the same before reading this post and those who have knowledge of it or an expert on the same, your views and comments are welcome. So, let us check the Technical side of the stock. For the ease of the reader of this post, I have annotated the wave counts to the extent possible. The stock of Tata steel, from its recent low of 199.70 to it recent high of 441.50 have corrected in simple zigzag (5-3-5) ABC pattern. The wave 4, after making its recent high of 441.50, has corrected about 64.50% of its preceding wave 3. We can clearly see from the chart that the primary wave 4 seems to have completed at 441.50 and that the Intermediate wave (I) of primary wave 5, or say the last leg, of Cycle wave (C), having looked at the 30 minutes time bar chart, has completed from its high of 441.50 to its end of 366.30. The intermediate wave (II), after retracing more than 89.30%, either have completed or may about to get completed, but does not look to go beyond 441.50. The Stock of Tata Steel, according to my opinion, is surely going to break its recent low of 199.70 very soon, may be within 3-6 months. Also, the pattern of correction being "flat" type, correction in the stock may extend upto or beyond the end of Cycle wave (A), i.e., 137.50. Traders, who are risk takers and are more of bearish nature, can give a shot with the stop loss of 441.50 for the target 200 or below that.
NSE:TATASTEELShort
by sgor1980
TATA STEELTata Steel Double Top Pattern the Amazing Moment. if Tata Steel break out this level and market stand in 1260 upside then we will be got 1300+ level few months Tata Steel is poised for the next phase of growth even as it continues to stay the course on deleveraging. Over the next five years, the average India capital expenditure is estimated at Rs 10,000-12,000 Crore per annum and that excludes potential acquisitions. As against a $1 billion annual debt reduction target, the company is likely to reduce gross debt by over $2 billion in FY22. Koushik Chatterjee, executive director and chief financial officer, Tata Steel, told investors on Tuesday that the company would continue to deleverage and make its balance sheet stronger in order to position for the next phase of growth. “This year, I can certainly say that it will be much more than our announced policy of $1 billion,” he said during the investor meet. The investor presentation mentioned that among FY22 deleveraging priorities, over $2 billion gross debt reduction and Prioritising offshore debt pre-payments. In the June quarter also, the company had made material repayments in the Singapore and European balance-sheets, said Chatterjee.
NSE:TATASTEELLong
by SATYAM5256
Tata Steel FuturesTata Steel (Future) You can buy a future and patiently wait for levels as high as 800. Tata Steel future is in an uptrend in the daily charts. I have been bullish in Tata Steel in a long time but it has slipped since then. What makes me happy is that the candles have taken a support on 10 EMA at 681 levels and bounced back from there. Data 650 is a major support with an Open Interest of 1,513,000 in 650 ce with possible short positions of 175,100. Trying to analyse the upside, 700 pe is the only level with possible short positions of 119,000. This shows us that once Tata Steel manages to cross 700 there is no resistance till 750 as there are 40,800 possible short positions. Call writers are trapped at every level which will support prices to rise. The rise may be a very quick one but patience is must as we know how bad the metal index performed on the 12th of Feb.
NSE:TATASTEEL1!Long
by virralthakkaar