Tata Steel BSL:Value stock multibagger-BreakoutTata Steel BSL: is a value investing multibagger, Metal demand in international market due to China's Pollution issue led to Indian Metal companies high profit margin.
Tata Steel BSL was a loss making company last year but this year's multiple folds profit ensure to rise stock price 4~5 times from present price.
Clear breakout in monthly chart, entry can be taken CMP.
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TATA Steel Ascending Triangle Spotted in 2 hour (TF) Time Frame *Tata Steel is in Completely Uptrend in Daily and weekly Time Frame
*Now, Tata Steel Is in Ascending Triangle and it took support on Trendline .
*In Shorter time Frame you can see Descending Channel and today it broke out from it With a good Volume.
*Now my entry point will be when this price came back down to the base line i will enter there.
*Then i'll wait till the price Hit my stoploss or Profit target.
*Risk/Reward is Favorable.
#Positional_Trade
**Disclaimer:- View is just for Educational purpose only trade with those fund if you can afford to loss .
Tata Steel Showing StrengthTata Steel, after a bullish move, has come down to Fibonacci 38.2 level which is Supported by a strong Candlestick pattern, MORNING STAR, which in itself is a strong pattern. And We have got another confirmation i.e a support level near to Fibonacci 38.2 level. With these three confirmation we can say that Tata steel is gonna go up.
TATA STEEL may go up for 1-2 monthsTATA STEEL have crossed a very important resistance line so it is giving a very good signal that it may go up for 1-2 months and also MACD shows that the momentum is towards up and even there is no signal from BOLINGER BANDS of reversal which clearly states that TATA STEEL may go up for 1-2 months.
Tata Steel approaching uptrend channel resistanceTata Steel has been trading in up trend and has been looking strong enough to go further upward it closed today with strong bullish signs, traders may enter long on tata steel up the channel resistance somewhere between 455-460 in near term. it is advisable to enter long at 50% of todays move around 432-433.
TATA STEEL : BUY NOW AT SUPPORT LEVEL TO HOLDTata Steel Limited is an India-based steel manufacturing company. The Company is engaged in the business of steel making, including raw material and finishing operations.
The stock CMP : 106.30 is currently reversed from downtrend and retested support @ 103.20. There are two formations, one is parallel channel and the second is Symmetrical Triangle Pattern. The stock is at support in both patterns. Appropriate time to enter the trade with least Stop Loss @ 103.50 or 102.25 for targets as 111.20 , 118.90 , 124.40 and 133.10
The positive trend in Nifty Metal , is favoring the trade and Once , 50 EMA crosses over 200 EMA, we may see sharp rise in the price.
This analysis is completely for education purpose, please trade only after your own analysis and at your own risk.
Best of luck !!
Tata Steel Ltd. BuyTata Steel Ltd is a well diversified business entity. It manufactures ball bearings, hand tools, tubes, steel wires, and also operates chrome mines..The company also in the business activities of Steel, Ferro Alloys and Minerals.
CMP: 1213.60
Target: 1332
Buy above 1199 which is critical support. use dip to buy strategy. Breakout of W Pattern it may retraced to neckline and go for big target.
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tata steel bullish movetata steel comming with positive sentiment and bullish signal with the chart pattern.further they publish expecting good profit quarter on the basis of steel sector demand.If it moves above 108.5 to 109 it gives minimum 10% return.for above 108.5 to 109 buy signal above signal.for sell below 100.For long time investment it is also good stock in the sector to hold. HAVE A SAFE TRADE
Tata Steel Cup And Handle Breakout Tata Steel Looking Bullish while Just near its All Time High for the second time. Nice Breakout given with More than Moving Average Volume while forming a Cup and Handle Pattern on 4H time frame.
1180-1190 acted as a major resistance zone earlier in the past. Post breakout candle was closed above 1190, a healthy retracement was observed taking support at the previous resistance of 1190 and again forming a bullish pattern with back to back two white soldiers.
A Fresh Buying Above 1250 levels can be seen.
Tata Steel - Short, Negative Crossover on weekly chartTata Steel first gave a weekly breakdown and then again established a weekly close below 100 after retest of breakdown level.
It is in a downtrend which will get negated if stock price establish a weekly close above 106 and then above 115 to start the fresh uptrend.
Until then, it is in downtrend and may slide till 82 and 75.