Search in ideas for "TATA"
TATA STEEL Bullish 15% TargetTata steel is range bound.
Near term target is 15% around 1300.
If it breaks the trendline then future targets:
T2: 1380
T3: 1488
T4: 1533
RSI and MACD are gaining momentum. Very favorable risk : reward setup.
Disclaimer: I am not sebi registered. This chart is for educational purpose. Pls consult your technical advisor before investing.
Tata Steel_buy for target of 1560Tata Steel (CMP: 1463.75)
Stock price has formed the Diamond pattern and given breakout. Also, the stock price has given breakout on the 10 DEMA and 20 DEMA. Volume and RSI are slowly increasing in the last 3 days.
Look for following target. T1: 1,490, T2: 1,525, T3: 1,560; SL: 1,400
Tata Steel: Channel trade potential for September seriesTata Steel
- We observe Tata Steel trading in blue channel from 03 May to mid July
- currently it is trading in mirror image red channel
- RSI is between 40-60
Tata Steel could likely be revolving in the red channel for September month
For Cash buying any dips towards 1245-1260 may be considered as good entry level
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Given the set up, F&O strategy suggested for Tata Steel: Short Strangle
It involves selling both Call and Put option simultaneously
Sell 30 September expiry 1500 Call option
Sell 30 September expiry 1260 Put option
Combined Premium receivable approximately 42
Max profit potential in strategy Rs 35700/- per lot (11% yield potential)
Loss in strategy, if Tata Steel closes above 1542 or below 1218 on 30 September
Take care & safe trading...!!!
Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
Tata ElxsiTata Elxsi
- Pennant pattern formation with 30 DEMA support.
- Volume and Price contracting within the pennant triangle.
- On the verge of breakout, prefer with good volumes.
- Can go long on breakout of pennant triangle.
- On weekly chart, stock in Stage 2 uptrend, this pullback may be an entry opportunity in uptrend for traders.
Only for educational purposes. Not a recommendation.
TATA ELXI, WAITING FOR RETESTTATA ELXI
Good Chart pattern is formed, has been taking support at TL.
Fresh breakout is given on 2Hr TF, but waiting for retest of BO.
Will make position if retest is done or if it sustains above 3903 for more than 2HR.
RSI Is showing negative divergence, hence there is a chance that it will retest the BO.
***I AM NOT RESPONSIBLE FOR YOUR PROFIT AND LOSS. DO YOUR OWN SELF ANALYSIS***
TATA MOTORS: RECOVERY ON TRACK Tata Motor is back in the game.
Balance sheet is improving, Sales figures are smashing records every month ,Tata Motor have vision to be debt free before 3 yrs.
Tata Motors Group is a leading global automobile manufacturer, It has operations in India, the UK, South Korea, South Africa, China, Brazil, Austria and Slovakia through a strong global network of subsidiaries, associate companies and Joint Ventures (JVs), including Jaguar Land Rover in the UK and Tata Daewoo in South Korea. Both Tata Motors and JLR are working towards their electrification journey. Today, Tata Motors is the leader in the EV segment in India with its automobiles Tigor EV and Nexon EV.
Technicals:
1) MACD ABOVE SIGNAL & CENTER.
2) RSI IS MID-RANGE.
3) BULLISH CUP & HANDLE PATTERN.
4) PRICE ABOVE 30 DAY SMA.
5) RSI INDICATING PRICE STRENGTH.
Fundamentals:
1) STOCK WITH LOW (PE <=10)
2) STRONG BALANCE SHEET.
3) EXCELLENT CORPORATE GOVERNANCE.
4) MOODY'S INVESTORS SERVICE HAS CHANGED THE OUTLOOK ON TAMO TO STABLE FROM NEGATIVE.
5) LARGEST PLAYER TO RIDE THE EV BOOM.
CMP: 332
TARGET: 500
Disclaimer:
I'm a beginner and not an expert , my views on TAMO are for educational purposes only, I advise you to consult your financial planner before making any investment.
Tata CommunicationTata Communication Future
LTP: 1128.60
Support: 1053.05
Resistance: 1194.70 & 1280
This will my top pick as RSI is just about to make a bullish crossover along with triple bottom which is a bullish pattern.
Daily chart (long term)
Candles crossed over the DEMA on 19th April. The green candle made on the 20th April can be considered as a confirmation candle as it is trading over the DEMA.
Basic bullish DEMA pattern is 5, 10 and 20 DEMA. The DEMA currently is showing a reversal. 5 DEMA is crossing over the 10 DEMA. We may see a big up-move if the cross over continues.
MACD and RSI are showing a positive reversal as well.
Hourly chart (medium term)
The last candle is a beautiful green one with a huge momentum.
DEMA is in a positive reversal as well.
MACD and RSI too have entered bullish territory.
15m chart (short term)
50 DEMA is crossing over the 100 DEMA which is a very good sign.
Candles look strong.
MACD has some superb bars and is trading in the bull zone.
RSI too is in the bull zone.
Final overview: Can buy for medium term targets of 1190, 1250 and 1280. If the stock breaks 1280 and trades above these levels, we may see a huge up-move.