Search in ideas for "TATA STEEL"
TATA steel Long term analysisTata Steel has shown a significant technical breakout, successfully crossing a strong resistance level. The stock has already made an impressive 7% move, indicating strong momentum.
While the current price action suggests potential for further upside, with a possible target of 184, investors should consider their time horizons:
Long-term perspective:
Entry at current levels could be justified for those with a long-term investment horizon.
The breakout and strong momentum support a bullish long-term outlook.
Short-term trading opportunity:
For short-term traders, an entry at current levels could be considered.
A prudent stop-loss could be placed at 162 to manage risk.
This allows for participating in potential further upside while protecting against unexpected reversals.
As always, traders and investors should conduct their own due diligence and consider their risk tolerance before making any investment decisions. Market conditions can change rapidly, and past performance doesn't guarantee future results.
Tata Steel Swing Idea (Long)Tata steel might give breakout due to following technical reason's:
1. Double bottom formation
2. Trading above 200 & 20 EMA's
3. Symmetrical Triangle formation
4. Swing Low's are not broken
5. On Monthly pin bar formation, weekly double
pin bar break out on progress
(Note: Author not responsible for anyone profit or loss, nor a sebi registered RA, this only for educational purpose. Please do your own due diligence before taking any trades.)
TATA STEEL a sure shot opportunity to gain 50% upside Tata Steel faced resistance from 150 level & finally it broke it with good volumes in March 24. now it has retraced and come to 150 level. Now this level is acting as support, it is high Reward risk trade. also Monthly RSI is at 60 which is very high probability trade.
Tata Steel (Educational Idea)Tata Steel in time correction
Will pass the time in between range of 150 - 176...
Swing traders can grab the swing between these levels..
Long termers can add this gem from current levels..
Price action::
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Looks like Head & shoulders pattern
Multiple shoulders on the left side..
Now right side shoulder formation in cards ....
Testing these support 158 make this levels very weak and if it breaks this levels may lead to fall of another 10 to 15 pts ...
But my strong feeling stock will not fall below 140
TATA STEEL - BUY TREND - BUT....Tata steel is in buy trend. It breakout the resistance at 167.5. The price didn't retest at this level. So wait for retracement. If trend reversal occurs after retracement we can go for buy. The target will be 210. Stop-loss should be put below 165. Risk reward ratio is 3
Tata steel LTD Analyasis on 03 mar 24Tata Steel LTD Analyasis on 03 mar 24
Breakout of Rounding bottom formation
breakout of all time high after Aug 2021
add 25% now
add more quantity after breakout retest @ 140-145
Keep stoploss 130 (on closing basis)
target 160 - 170 -180
rounding bottom target 200