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TataSteel - LongTata Steel has given a clear Cup and Handle breakout.
The breakout is supported by good volume as indicated in the chart.
In near term looks like it will reach 150.
CMP: 128
Target: 150
SL: 117
These are my views, please do your due delligence.
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TATA STEEL LONG Potential BO candidate C&H, trendline BOTata steel looks good on daily chart with a potential Break out candidate. It has formed a C&H pattern on daily chart & also breaking the trend line & the previous high trend line. Volume has been good over past few days. The RSI is in 60+ zone so the stock has good momentum with Strength. Keep an eye on the counter, can give some good returns in short term.
Discl; Chart of reduction purpose only, not a reco to buy or sell. Trade as per your own research
Tata Consumer: Elliot waves Target (Monthly Chart)TATA CONSUMER: MONTHLY CHART (Elliot waves targets)
It's in 4th corrective wave (in progression), it may complete around 600-700 level ( either 24% or 38% retracement of wave 3)
Targets for the 5th impulse wave would be 950,1300,1750 level, 62% of wave 1-3 retracement, 162% of wave 4, wave 5 equals to wave 1 respectively.
Bearish on short term, Long term trend bullish.
Roughly 12-18 months for the long term target
TATAMOTORS level and stop for investmenttata motors has given breakout with strong momentum and volume.
levels shown are important. it can test these level before going further high, i would recommend taking a small long position here at 5% of quantity which you would otherwise buy and averaging at given levels.
stop - around 323
TATA STEEL LONG.TATA STEEL has been in an uptrend, continuously forming higher lows. After the recent complex pullback, it seems rested and ready to move forward and challenge its highs and possibly make new ones. It was unable to close above 1150 for a number of sessions and has finally broken out past that level on a closing basis. Keep an eye out for levels of 1245 and beyond.
TATA MOTORS - Accumulation ZoneTATA MOTORS - is a Tata group flagship company which has investors sitting on heavy notional losses
fundamentaly the company is on right path with Investments into EV, new launches & divestment of JLR
May 2004 - low of 59.35 - marked with Flag
July 2004 - low of 62.95 - marked with Flag
May 2009 - low of 48.80 - marked with Flag
July 2009 - low of 50.30 - marked with Flag
Current resistance stands at 73.7 - 75 levels - marked with red line
with this many support zone a sl of 46 can be considered to accumulate Tata Motors, slippage below
46 opens door for 20-24 levels
NOTE: One should consult their financial advisor before making any decision to buy or sell equities