Search in ideas for "TATA STEEL"
Tata Steel Ltd. ( 25% upside potential )
Sector: Iron & Steel
WTF as we can see MTF & DTF structure bullish and price makes HH & HL pattern and now price in MONTHLY demand zone ( previous resistance) with RSI bullish divergence and bollinger band lower band support in DAILY TF.
LTF say 1H mitigation in DTF demand zone with RSI bullish divergence and bollinger band lower band support.
on DAILY TF RSI N BOLLINGER BAND also support the IDEA...
price may face resistance at 175-178 as DAILY supply zone as well as HTF supply zone....
on the other hand we PA moves against our anticipation, 130 level on DAILY closing basis act as stop loss...
so keep in mind and plan your trade accordingly...
Who's gonna trade with me for this trade IDEA let me know.....
Tata Steel capped upsideAs the Momentum indicator suggest that momentum is capped now. And it has a book value of 82/- which is like 50% less than the current price. Usually steel shares trade near book value. The fundamentals are opposite to the movement of stock currently. Wait for the q4 results for any decision
Tats Steel Long (TATASTLLP) Tata Steel Long (TATASTLLP) looks good probable reversal for positional long term with minimal risk. A harmonic G artley pattern is on formation.
Buy: Rs. 625.00- 645.00
Targets: Rs. 794.00 (Book 80% q.ty and Traill remaining q. ty), Rs. 900, Rs. 1084.00
Strategy: Harmonic reversal at .618
Stop-loss: Rs. 567.00
TATA STEEL BSL - Good SetupThe chart is self explanatory.
Breakouts from inverse head and shoulder pattern and retest.
Steel is the Global flavor and the price action here is very encouraging.
Tata steel- Careful at the tops @393-395View is valid only below 395 levels- Do not sell if stock not falling below or holding above this level.
Looks all mess upside & choppy moves. Possibly finishing Wave-x (circled) within Wave-Y. Only if Index Nifty moves above 12025 - I will avoid selling else -I am looking for steel to fall in final wave -Y
Targets - 385-387 / Below 385- Target -370 / Below 370 Only- Target -360/ Below 360 (Strictly follow the levels) -343 & Final Target - 300 in next few weeks & months ahead.