Tata Steel double bottom breakout.Tata Steel double bottom breakout on Monthly, Target can be 940 in coming months or 1-2 Years
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TATA Steel Raising wedgeTata Steel is sell opportunity below 630 for target of 620, 610 & 600. SL 640.
Tata steel under short term consolidationTata steel is undergoing bracketed short term auction, if the trend breaks the bracketed region with greater Volume then there is a probability that the stock might auction higher,else the stock will face consolidation for another week
Tata Steel shooting star pattern.Tata Steel after making high,today lost gain and formed shooting star patter,which is considered strong bearish sign,stock may see some downside from this level to 498 level in near term.
Tata Steel - Double top - Short -Target 446 SL- 492.75Tata steel formed double top . top1 17-March-2017 price 508.75 , top 2 7-April-2017 price 506.35. it has broken the neckline support. May try to retest the neckline but at end will surely touch target of 446. Keep stop loss of 492.75 and go short.
TATA STEEL(BSE INDIA)- POISED FOR NEW HIGHSTATA STEEL IS ABOUT TO BREAK THE HORIZONTAL RESISTANCE AND HEADED TOWARD THE 510/520 ZONE.
Tata Steel approaching short term support 440Tata Steel trading in uptrend in a channel respecting support and resistance, it is approaching short term support after touching the resistance. we may short with a target of 440 in near term.
Tata Steel Long Put Tata Steel had a good run and is now facing resistance at Gann line. Based on the previous reactions (highlighted circle) from Gann line, I see an opportunity to buy a PUT option here. Volumes are supporting it and so is RSI. I won't recommend shorting the future but pro traders can do it with SL above the gann line.
I will personally prefer to buy a PUT, Strike Price : 420. Last close of the said option was at Rs. 2.20 so the risk is limited to 4400 per lot and reward can be surprisingly good.
TATA STEELThe information is for educational purposes only and does not constitute an offer to sell nor a solicitation of an offer to buy any security which may be referenced by me. The information provided through my charts are for personal, non-commercial, educational use and display.
Tata Steel - Harmonic PatternTata Steel has now started its downward movement as confirmed by the Harmonic pattern. We can expect the following targets:
T1: 435
T2: 430
SL: 473
TATA STEEL TRIENGLE PATTERN ON MONTHLY CHARTTata Steel has formed bearish triangle on monthly chart
it is reverse with bearish in side bar in top of supply line
short this counter with sl of in side bar high 441.5
if pattern work target 205
enjoy long term tread
Tata Steel prices may form Symetrical TriangleTata Steel prices may form "Symmetrical Triangle" which could take prices to trade higher till 425-430 by next month. prices may take immediate support near 375-370. Price have also form "Bullish Divergence" which also supports the prior view.
Tata Steel at weekly - channel support - Will it bounce? Tata Steel is within weekly channel support. Can it be consider for a long trade keeping 380 as SL?
TATA STEEL heading down to next support 161% of Fibonacci level TATA STEEL heading down to next support 161% of Fibonacci level confirmed with previous support levels expected target 348 on downside
Tata Steel Breaking Out Trending Channel Tata Steel ranging and trading in a uptrending channel as marked with Purple on chart. I believe today's closing shall determine further movement of price action in it. If the price action closes above 406 levels then we might see further rally as buyers confirmed strength and pressure and shall take prices further up. In case it closes below 404 levels then we might see profit taking next day that might take down the price litte lower before a solid breakout on either side.
I believe it shall break above the trending channel as CNX Metal also looks bullish.
Tata Steel- Hatrick Move with 25 Rs Fall in Kitty Back 2 BackTata Steel- Hatrick Move Back to Back - first fall below 380 to 367-368- Then Bounce from 367-368 to 379 - & the Hatrick move - Fall again from 379 to 373.
Regards,
Abhishek H. Singh, CMT
