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Tata Steel-- Still top is not in place(Look for 382.50--383.50)The price movement in Tata Steel is indicating at present moment that top is still missing as price has not gone below 360 in recent fall-which I was keen. Trading Strategy- 1) Any Move Above 378.50...we should look TS to travel in the range of 382.50--383.50. Trading Startegy- 2) Any Move Move above 384.50- One can look for the zone 389--390 & Above 390 ---target Zone shall be 398--400.. We shall now play for target zone 382.50--383.50...Wait for Market to give us signal for Trading Startegy -2. Regards, Abhishek H.Singh,CMT
NSE:TATASTEELLong
by WaveTalks
Tata Steel--Bang on...Killer Top@384.50--Are we done?Just missed 390's...From the previous update--"Tata Steel--My Baby --Looking for 390's above 375"....As soon as it crossed 375...TS headed in the direction of 390's but fell short & made a top@384.50--which is similar top as on 6th May 2015-- "The Killer Top" The move from 199.70 -Sep 2015 low's to current highs till 384.50 was decent trending move--If at all TS has put a top@384.50--we shall see corrective recovery in the range 290--300 zone as the sweet spot for future buying...till March-May 2017.... Current Price--380 In current situation Trading Strategy- -We will look for a bounce in the zone 380--382 zone & Once TS kisses the zone & starts falling back again below 377.50 --we should take short with stoploss slightly above 385. Regards, Abhishek H. Singh, CMT
NSE:TATASTEELShort
by WaveTalks
investment and trading idea for 2023 metal index hindalco tata steel to me all three are looking positive for 6 months time period TaTa steel is looking good on daily and weekly time frame rsi is taking support from 40 levels on daily as well as weekly time frame however on monthly time the confirmation is yet to come but monthly confirmation will not at come these prices till we find monthly confirmation prices will be above 120 levels should not go below 80 levels from here my first target is 130 on tata steel will add more above 108 levels this will be a pyramiding trade for me i will add on higher levels not on lower levels this trade is for final wave on metals dont get trapped later on
NSE:TATASTEELLong
by Tradegainer
2
Breakout of The Year Tata Steel LimitedHi friends sharing a view on Tata steel where i observed a horizontal trendline breakout of ascending triangle on weekly timeframe and it seems a good opportunity to go long in this stock where Tata steel relentless climbing continues as it achieves a milestone with a weekly breakout to an all time high and bulls rejoice as price defies the expectations of bears and scaling new heights with this significant breakout of 2.5 years old resistance. So now we will talk about technical points which i observed as we can see price is moving in ascending channel since a long time where first took resistance from upper trendline of resistance in 2017 and after taken same resistance from that trendline in the year of 2021 but this time was way higher from previous top and now price breached that top of which it made in 2021 where it got rejected from rising trendline, And in this duration price formed an ascending triangle pattern after the previous all time high and the swing bottom which it made after that all time high. Used Super trend indicator with default settings for more confirmations of this breakout which provided by Trading View and for this thank you very much for them. Target Upside-: So mates we can see that once again price will touch that upper trendline after this breakout which will be near about to 200 to 205 levels, One pattern based target identified too in which i measured triangle height which is nearly about 75% so we can see a more 75% upside from the breakout levels. Support-: So now 138 levels seems a good support area where two big swing rejections are there this time can work as support on weekly closing basis. Breakout Retest-: Well a retest is a good confirmation of breakout and often gives sustainability and strength to breakout so for this idea 148-145 i will consider as a breakout retest zone friends and personally breakout retest entries are my favorite strategy and for this trade i would like to the same. This publication is meant for only learning purpose, it is not any kind of trading advice. Best Regards- Amit (Do boost my publication if you really like it mates) “Most traders take a good system and destroy it by trying to make it into a perfect system.” - Robert Prechter
NSE:TATASTEELLong
by AMIT-RAJAN
41