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Tata Steel BSL - Reversal low risk enterHAD POSTED THIS CHART IDEA YEST BUT IT DID NOT POST SO RE-SHARING IT AGAIN The stock went thru IBC and was taken over by the Tata Group. Market leader in auto grade steel. (Previously known as Bhushan Steel) Its a proxy way to play high steel prices + revival of the auto sector as well. The stock has crossed the 200WEMA after breaking out and is potentially forming a base here before its next move.. Long only above 47.75. Again SL marked slightly below the 200WEMA and short term support..so say 45.30. If the steel cycle is to continue the stock could move up all the way to about 65.
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by rdkriplani
TATASTEEL - Add to WatchlistTata Steel Limited is an Indian multinational steel-making company, based in Jamshedpur, Jharkhand and headquartered in Mumbai, Maharashtra. It is a part of the Tata Group. TATA Steel Limited is a diversified steel producer, engaged in the business of steel making, including raw material and finishing operations. TTM EPS: 1.33 TTM PE: 98.05 P/B: 1.55 Mkt Cap (Rs. Cr.): 159,368 Dividend Yield: 2.76 Sector PE: 18.38 Book Value Per Share: 84.35 Some Positives: Strong Momentum: Price above short, medium and long term moving averages Near 52 Week High Some Negatives: MFs decreased their shareholding last quarter Degrowth in Revenue and Profit Decline in Net Profit with falling Profit Margin (QoQ) Decline in Quarterly Net Profit with falling Profit Margin (YoY) Low Piotroski Score : Companies with weak financials Declining Net Cash Flow : Companies not able to generate net cash Major fall in TTM Net Profit Fall in Quarterly Revenue and Net Profit (YoY) Recent Results: Declining Operating Profit Margin and Net Profits (YoY) My Opinion: I am positive on Metal stocks in the coming months. Add TATASTEEL to your watchlist. NOT A RECOMMENDATION. JUST FOR EDUCATION PURPOSE. Thanks
NSE:TATASTEEL
by babutaaniket
Tata Steel - bullish momentum going on!!!Hello 👋 * Stock is in uptrend. * Price is steadily going upside with the support of trend line. * Currently price in channel.. atleast upside trend line can be coming target * Rounding bottom breakout & retest done..with again strong upside move * Volume increasing since few weeks. * Momentum inclined * Stock is in strong hands= Mutual funds+ FII holding * Latest news of 1.25 billion investment related to greener steelmaking ...gear up strong Move for stock * Coming target of 172 - 180, can be broken ATH. * Price & rsi having opposite diversion It's my view plz DYOA. No buy or sell recommendation 🙏 Please boost my idea if you find it useful..also subscribe 😉 Thank you 😊
NSE:TATASTEELLong
by ajnil87
TATA STEEL: Inverse H&SInverse Head and Shoulders This pattern forms after an extensive downside rally. It consists of a left shoulder, a head, and a right shoulder. The left shoulder is formed after a big bear rally in which the volumes are quite large. At the end of the left shoulder, a minor correction takes place on the upside which happens on the low volumes comparatively the starting of the left shoulder. After this again a down move can be seen on large volumes forming a head having its bottom is below the left shoulder following an upmove correction on lower volumes & completing the head. The completion of the head must be above the top of the left shoulder. If the prices rise above the top of the left shoulder then too this pattern remains intact. In the end, the right shoulder is formed usually on smaller volumes comparatively the previous two rallies. Now if you connect the tops of the left shoulder, head & the right shoulder there will be a formation of the ‘Neckline‘. This line will act as a decision line. If the prices break this neckline & give closing above the line, this will be the confirmation of the breakout of the Inverse head and shoulders pattern. However, it has been noticed that after breaking of the neckline the prices again attracted towards this neckline. We say this phenomenon as a retest of the neckline which will add some more confidence while trading this pattern. After retesting if the prices again start rising, this will be the final confirmation of the up move as shown above. The bookish target of this pattern is taken as the vertical price range from the bottom of the head to the neckline & the bookish Stop loss should be the bottom of the right shoulder. However this stop loss can be big, so it is advised to keep a stop loss of 4-5% of the price range below the neckline. TRADING STRATEGY: Buy near 870 zone with SL of 830 and look for the target of 960-985 zone.
NSE:TATASTEELLong
by TradingSutra
TATA STEEL: POSITIVE TRENDNSE:TATASTEEL shows strong buy indicated by PSAR, MACD & Fisher crossover. Target 2: 1342.35 Target 1: 1320.35 Stop Loss: 1263.20 𝑫𝒊𝒔𝒄𝒍𝒂𝒊𝒎𝒆𝒓: The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We would not be responsible for the profit/loss resulting from this analysis.
NSE:TATASTEELLong
by finogent