Tata steelTata steel has got major resistance around 479/82 levels, only and only if holds below it, we may witness 463/58/49 levels soon.....
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Tata Steel Short.Metal sector is heavily affected by the conflict between US-CHINA. Demand of metal has been heavily dropped in china. And we can't see any upward move for this sector until and unless everything is sorted. Short Tata steel as it is moving towards strong support and no chance for getting upward. #Illuminati
TATA STEEL formation getting strong After quite some time, Tata Steel is drawing attention.
It seems it is a good entry point with one expiry time frame and a close basis sl at 599.
Target 1 is 640, beyond target 1 I will trail.
TATA STEEL- BEARISH HARMONIC PATTERN FORMHARMONIC THREE DRIVE PATTERN FORM ON TATA STEEL CHART, IF SUCCEDED IN BREAKING SUPPORT ZONE AROUND 565 ,THEN IN NO TIME 540 REACH .
Tata Steel – All set to rally ?After a long downtrend from 750 levels in Jan end, looks like we have a bottom in place for Tata Steel NSE:TATASTEEL at around 537 levels.
I can see a Double Bottom here with positive RSI Divergence.
It remains to be seen what happens at the trendline resistance which at present is around 583 levels.
I expect the stock to reach at least 610 for a first target.
Good opportunity to go long with stop loss at 535.
Disclaimer: Views expressed here are my own, and should not be interpreted as an Investment Advice. Please consult your Financial Advisor for investments.
Tata Steel - Has the downtrend resumed?After a pullback from the lows of 537 to 608 , Tata Steel NSE:TATASTEEL seems to be facing stiff resistance around 600 levels.
I can see that it failed to cross the resistance after retracing 61.8% of the downmove, forming a large bearish candle and Evening star like pattern today.
Went short here with a stop loss around 610 levels for a target around 550 levels.
Disclaimer: Views expressed here are my own, and should not be interpreted as an Investment Advice. Please consult your Financial Advisor for investments.
Tata SteelLooks like 700 Levels would be hard to Breach as there has be reversal from 700 levels 2 times previously
1 can look for shorting around 674 or higher if u get good price with 700 as Stoploss or Sell 700CE at 3.30 Max profit 6600 if Tata Steel stays below 700 at expiry
please consult your financial adviser before executing trade
TATA STEEL : A SPECTACULAR MOVE IN NEAR TERM ...FRIENDS , BUY TATA STEEL FOR TARGETS OF AT LEAST 750-760 RS. IN NEAR TERM ... GOOD LUCK IN SHARE MARKETS !!!
TATA Steel Short I am selling Tata Steel Features Lot
I am selling on CMP 494 with stop 500 for Target of 483
This is for education only
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Tata Steel Ripe for price correctionOverall Metal sector looks ripe for big price correction at this stage. i have found Tata Steel to be more perfect for short as momentum continues to weaken and stock is going sideways on the way up, same price action like crude oil before it dropped from $53 to $47.
TATA STEEL , 15 MIN BULLISH BAT BULLISH BAT SPOTTED ON TATA STEEL 15 MINS
TARGET SHOWN in Chart
Stop would be below PRZ
tata steel buy tata steel above 495 sell below 480- sl 496, more above self explanatory chart- daily time frame
Tata Steel - Channel Bound. Expect 450-440. One can expect tata steel to touch 450. which can act as support for further momentum.
Tata Steel- Alternate View (small change)- Be careful@470Shortcut keys for charts
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Analysis
Earlier as shown below in the monthly chart from 1048 highs- I took a-b-c-d-e (ending@199. 70 lows) - expected an impulsive rally, but now having an alternate count -which can turn into main count & So modified to A-B-C count with B-Wave as a triangle having a-b-c-d-e internal waves.
As the current move from the 199.70 lows looks doubtful impulsive structure & has very choppy appearance -likely to be an e-leg within the proposed B - wave which has completed or close to complete at current highs of 470.
Traditional Analysis
Trendline passing through 737 & 580 -if extended passes through or can become resistance at current high@470.
Trading Strategy
Bulls should be careful at current stage. As we never jump in trade immediately unless market tells us to do so. Waiting for further confirmation & one of the best trades it could turn out in near future.
Monthly Chart-
Tata Steel- Bounces from 377 lows to 392377 was the key level, which ended the 4th wave in the wedge pattern- yet again gave support to Intraday bounce to 392- Now till the time 377 is intact downside- TS might do medium term upside to sideways move.
Previous Analysis- Started at 380-returned to 380- Click the chart & load the bar
Tata Steel- Started at 380 & returned back to 380- Amazing!!!From my previous updates, "Bounce from 380-382 zone- it was a complex correction in Tata steel which travelled ((w))-((x))-((y)) wave-2 & completed at 435 levels.
((w))- started wave from 380 lows where wave-1 got completed from top@441.50 top after completing a wedge pattern- which I have told in the community- its a wedge pattern which is unfolding here so whenever you get a chance to sell at the top- don't miss it.
Wave-2 - A simple rule wave-2 cannot retrace 100% of wave-1- Here was the magic one could have taken this opportunity of selling right at the top-close to 441-442 high zone- as strict stops as going above that level- pattern invalidates.
Is it Wave-3 which started from 435 highs- currently sitting at the same level where it started its journey- 380- Isn't that amazing!!!
Previous update- Bounce from 380-382- Click the charts & load the bar
Long Tata Steel, trading in bullish channel Tata Steel has been trading in bullish channel respecting support and resistance aalthough there have been small false break but it continued in the same direction, it has already touched its channel support and there is still a buying opportunity, Risky traders may enter long at CMP with a target between 440-450.conservative traders my wait as if market open in red on week end tomorrow it may retest the supprot 380, then enter long with small stop loss.
Tata Steel- Clicks the Ideal Retracement Zone 383-385-What Next?
Tata Steel- Ideal Retracement Zone 383-385 Clicked. Session High@386.75
The retracement which I was looking out for so many trading sessions is finally done- the fall from 394.65 to 367.30 has been retraced by 61.8% -which comes in the zone 384-385.
Likely we should see some pressure in TataSteel once it starts falling below 381-380 handle. So, let wait for another opportunity.
Regards,
Abhishek H. Singh, CMT
Tata Steel- Am I Dreaming About the Bounce from 367-368Tata Steel- Bounced from the zone 367-368- Vow - It's like a dream come true. I have been talking about TataSteel that we are likely done in the zone 367-368 & not much downside could be expected before we start retracing upside for the fall from 395 to 367.30.
Current Rate - 372.20
We should travel in the zone 377-379. Key Level- 367
Regards,
Abhishek H. Singh, CMT
Tata Steel- Say Bang On -Wherever you are on this planetTata Steel- An Ending Diagonal or Traditional Wedge Pattern in the 5th Wave- is always an Elliotticians delight. It looks like we have completed 1st tranche of the fall from 394.65 to 369.20 - Likely- TS will bounce back & it could go deep on upside possibly in the range 387-390's but make sure enough that it should not cross 395-which is the top.
Once bounces back to the desired zone & most important- it should be a corrective rally- as soon as we get any hint -we will come back to save our baby from crying further.
Regards,
Abhishek H.Singh, CMT
Tata Steel- Going Above 373- confirms the down leg from 395 doneLet us wait in the coming session, to get some clear market direction- once Tata Steel starts moving above 373- it will give us a clue that it wants to head upside or retrace the move which started from 395 Top in E.D. (Ending Diagonal).
Currently going below 368- we shall be open for the short downside move, but not looking much downside before it starts moving upside.
Regards,
Abhishek H. Singh, CMT
