TATA steel good short candidateTata steel spot cmp 820
Daily time frame
Deep crab pattern formation,, Bearish
pattern violation above 833 on hourly closing basis
Bearish divergence on RSI indicator
Good short candidate
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TATA steel good short candidateTata steel spot cmp 820 levels
Bearish shark pattern formation
weekly time frame
view gets violated above 850 on closing basis
Good short candidate,,,
Tata Steel Ending diagonal in 5th WaveTata Steel started fresh impulse post march 2020 lows. It had retraced deep from previous high 748 to 250 levels.
Currently 5th of Impulse is ending diagonal with upside range towards 893 and all time high 902.
If breaks 902 which is tough if will head towards 1100 chart may be re posted with updated targets
DISCLAIMER:There is no guarantee of profits nor exceptions from losses.
Technical analysis provided on the chart is solely the personal views of my research.
You are advised to rely on your own judgments while taking any investing/Trading decisions.
Past performance is not an indicator of future returns. Investment/trading is subject to market risks.
Seek help of your financial advisors before investing/trading.
Not recommended to take FnO positions based on this analysis
I may or may not trade this analysis. Details in description.
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TATA STEEL LONG ON MONTHLY BREAKOUTTATA STEEL LONG ON MONTHLY BREAKOUT. WE CAN SEE 760-780 IN THIS WEEK
Tata Steel Bullish PatternTata Steel (Posional view :Bullish)
Timeframe: Monthly
Pattern: Cup & Handle & Trendline Breakout with volume ( check volume when trendline breaks)
Breakout Point Price: 715
Now After Breakout there is shakout phase going on to remove weak Bulls.(Check weekly timeframe)
Buying range : 700 -720
Target: 860+
SL: 655
P.S. : This view is educational purpose only. Don't take any position based on this.
Tata steel - weekTata steel 714 - As selling pressure is high, and buying pressure is less we will be going short below 715 for target 655.
Tata steel to take long entryTATA steel at pull back area. Buy above 740 for the target price of 780 with the SL of 712. Good risk to reward trade. This is for pure educational purpose only.
Tata steel (670) - Friday reviewTata steel (670) - As posted earlier, has failed pull back and dropped out of a support channel. Keeping 684 as resistance, keep/go short for target 624 , 610.
TATA steel good short candidateTATA STEEL SPOT CMP 705
Counter have formed upthrust candle as per price action around 716 level with higher volume than anchor point,,
Indicate reversal in trend,, counter can be sold below 700 levels once sustain below this levels for 15 mins.. or second probability is counter can be sold on rally around 714 to 717 levels..
stoploss for this trade will be 725 on closing basis
down side counter have capacity to fall till levels of 660-630
Tata Steel (687 )- clear indication of SM in the verge of distriTata Steel (687 ) As volumes declined and signal diverged, current price is a clear indication of SM in the verge of distribution. Consider going short below 713 for target 607
Tata Steel FuturesTata Steel Futures
A very strong support at 679 was respected yesterday. The candle in the daily charts give us a bullish signal.
Uptrend is clear and I would like to hope that it will continue with a target of 718+ in short term.
Intraday support can be seen at 690 levels whereas support on closing basis can be seen at 684 levels.
Buy on dips for short term
TATA STEEL - CRUCIAL LEVEL | MonthlyTata Steel gave a failed break out last month. If this month's break out is successful then 800-900 levels can easily be seen in the stock. In case of failed break out - 600 to 550 levels will be achieved in 2-3 sessions only. Keep on radar !!
