Search in ideas for "TATA STEEL"
Tata Steel price looks weakTata Steel price looks weak
Reasons/Traits :
• Forming bullish Gartley harmonic pattern
• Retested point B of Harmonic pattern
• Pricing making lower lows
• Price retraced and from 0.618 fib levels and got rejected at 50 EMA and heading back to 0.618 level
• Breaking 0.618 level can further see a price decline
• RSI strength is reducing and is below 50
What can happen next :
Scenario 1 : Price sustaining 0.618/0.5 levels can help price bounce back to meet 50 EMA (red line)
Scenario 2 : Price break down of 0.618 levels can take it down to touch 200 EMA (black line) or 1050 level and complete Gartley harmonic pattern and retrace back to point B (1300)
Disclaimer : This analysis is only for educational purpose and not be considered as any trading idea/tip. Please consult your financial advisor before you take any trade and we are no way responsible for your profits/losses. Thank you!
TATA STEEL Bullish 15% TargetTata steel is range bound.
Near term target is 15% around 1300.
If it breaks the trendline then future targets:
T2: 1380
T3: 1488
T4: 1533
RSI and MACD are gaining momentum. Very favorable risk : reward setup.
Disclaimer: I am not sebi registered. This chart is for educational purpose. Pls consult your technical advisor before investing.
Tata Steel Weekly AnalysisTata Steel Weekly Study : Idea published only for study purpose no buy/sale......
2 Previous case studies shown in screen 1 from where it get close below Super trend value once but did not get follow up
closing below low of that point & get reversal....
Today again we see same pattern.....so if it has to reverse from here then it should not closed below this week low..
We may see trading bounce again for this it should hold this week low on closing basis.
Tata Steel - A bearish setup (Sell on Rise)Tata Steel
1. Trading below 100EMA
2. HNS Broken
3. Closed below 1,231 (last credible support)
4. Trading within Pitchford and may extend move towards lower 1st Deviation
5. Has potential to move towards 200EMA and ABCD Tgt confluence at around 1,125 and beyond
Tata Steel Intra/swing (Long)Tata steel has been consolidating within range from last 7 days. With quarterly result on 11th Nov one can anticipate an up move .Analysis below
1)On 15 min time frame forming Cup & Handle pattern
2)On Day/Daily time frame the stock has not broken lower lows & has been in uptrend.
3)Previously after result the stock has rallied, if result are good then we can expect
similar behavior
(Education Purpose, Consult your advisor before taking trades)
TATA STEEL BSL - Swing tradeTATA STEEL BSL - Swing trade
Triangle breakout with a bullish candle along with volume breakout as well.
RSI bullish divergence.
Hold for targets :)