Search in ideas for "TATA STEEL"
Tata Steel good chartSo multiple things to note here in Tata Steel:
1. The blue trend-line shows that the stock took multiple resistances at the trend-liine.
2. The black line is the resistance point.
If the resistance is broken decisively, go long in the stock. The stock is also backed by great brokerage reports.
Like and follow.
NSE:TATASTEEL
TATA STEEL: Bull Flag Break and testing sloping trendlineThe price levels of Tata Steel have moved above the bull flag but remain stall at the Long term sloping trendline. Any close above 716 will negate the Head and Shoulder pattern formed where bears might get stopped out and can act as a good long entry for a target of 735 with a stop at 710.
Tata Steel Ichimoku Bullish Breakout Stock Name - Tata Steel. As per the ichimoiku rule, today's close is above the Conversion Line and future kumo
is super bullish and chikou span is slanting upwards. All these parameters are showing the further strength &
More strength will be visible once it will cross 1375. Worth to keep in watch list for coming days
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
# Rule Based Investing
# Ichimoku Cloud
# Ichimoku Followers
I hope you all like my analysis. Please do share your thoughts into comment section of Trading View.
Please give a like, it motivates me to do analysis and do share our channel with your friends as well.
TATA STEEL further break down?Today's my first morning pick was tata steel.
Only ferrous stock which was still trading above 20 period weekly average.
When I found dollar dxy was rising this morning
had shared with some closed group of people about its possibility of down fall.
Further break down of it is possible.
channel break down is possible.
Tata Steel, sell off very likely (Elliott Wave Analysis) Currently we have 2 Hypos for Tata Steel.
Hypo 1 in Red suggests that the Triangle completed at the 586 level (marked by red box) and we have seen a series of nested 1-2-1-2's to the downside from there on.
Hypo 2 in Yellow suggests that the W.(E) of the Triangle formed a Triangle in itself which completed near 567 level (marked by Yellow box).
In conclusion both Hypos are pointing to the downside with suggested downside targets coming in 524 to 515 zone.
SL above 568 level .