Tata Motors breakout from parallel channel looking goodTata motors breakout from parallel channel
and also nifty50 looking good now i think from now short covering is coming
to near upside levels marked on chart
breakout and sustaining out side of channel
anybody can clearly see the break off structure in 15 Min chart
but be cautious with strict SL
:- do your own research before investing and this is not a buy/sell call
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Search in ideas for "TATA"
Tata Motors : Follow-up TATA Motors : Follow up on last study shared on 3rd May.
- Filtered from strategy#1
- Near Major Resistance
- Above 351.3 only.
- Support given on chart
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I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
Tata Steel FuturesTata Steel (Future)
You can buy a future and patiently wait for levels as high as 800.
Tata Steel future is in an uptrend in the daily charts. I have been bullish in Tata Steel in a long time but it has slipped since then.
What makes me happy is that the candles have taken a support on 10 EMA at 681 levels and bounced back from there.
Data
650 is a major support with an Open Interest of 1,513,000 in 650 ce with possible short positions of 175,100.
Trying to analyse the upside, 700 pe is the only level with possible short positions of 119,000.
This shows us that once Tata Steel manages to cross 700 there is no resistance till 750 as there are 40,800 possible short positions.
Call writers are trapped at every level which will support prices to rise. The rise may be a very quick one but patience is must as we know how bad the metal index performed on the 12th of Feb.
#TataSteel A Breakout Candidate !!Tata Steel is following a downtrending trendline zone and Support are tested several times.
So, If this trendline gets upside breakout then this is end of downtrend however closing above 1245 levels will be secondary confirmation.
This is a trade to watch out very carefully as it is going to give a nice risk reward.
Tata steel Tata steel looks good till upper trendline.
As it has formed IHNS so it will give that target also it is forming bullish flag pattern on daily chart. So looks a good bet for long term.
Will prefer adding in all dips. Sl below trendline.
Views personal.
I Can go wrong.
Not a trading recommendation.
DYOR
Tata Steel Ltd. BuyTata Steel Ltd is a well diversified business entity. It manufactures ball bearings, hand tools, tubes, steel wires, and also operates chrome mines..The company also in the business activities of Steel, Ferro Alloys and Minerals.
CMP: 1213.60
Target: 1332
Buy above 1199 which is critical support. use dip to buy strategy. Breakout of W Pattern it may retraced to neckline and go for big target.
Feel free to share your feedback and queries.
If you want to know about your stock please mention in comment.
Tata steel good for Swing Trade upto 1240 Levels ?Tata steel Made Inside candle in Weekly TF and making Higher Highs in 15 Min TF, We can take it for Swing Trade.
Entry : 1172 (With good confirmation)
SL : 1148
TGT : 1196
If 1196 level will break with good volume we can keep this Stock upto 1240
>> Always Enter With good confirmation & Maintain proper Risk Reward.
******* Knowledge Purpose only ******** This is my view about Stock/Indices Based on Technical analysis & Price Action . There is no way to predict what will happen in the future or whether a given asset will increase or decrease in value. Because the market cannot be accurately predicted or completely controlled, no investment is risk-free.
>> Visit my Ideas Page for Daily Stock Analysis and check my previous stock analysis performance. I usually prefer Swing & Intraday Trades with Good Breakout confirmations and Best Risk Reward Stocks.
Tata Steel FuturesTata Steel Futures
A very strong support at 679 was respected yesterday. The candle in the daily charts give us a bullish signal.
Uptrend is clear and I would like to hope that it will continue with a target of 718+ in short term.
Intraday support can be seen at 690 levels whereas support on closing basis can be seen at 684 levels.
Buy on dips for short term
Tata Steel futuresTata Steel has a huge call writing in 1300 ce. This can mean that the prices might not breach 1300 easily. Also, 1400ce has the second highest call writing volumes.
Tata Steel futures
CMP:- 1303.00
SL below:- 1280.00
Targets: 1375.00 / 1400.00+
Uptrend is prominent in the hourly chart and RSI too has shown a reversal. The results are expected to be really good.
Can buy at current levels.
TATA MOTORS in Monthly channel since last 30 Years.Tata Motors has been moving in Monthly Channel since last 30 Years which i have observed for 1st time in my Life ... This is something no one should ignore.
Based on the Monthly Channels we can clearly see it has made Major Lows & Tops during 110 Months Time Cycles.
Based on this monthly Channel I can confirm Tata Motors Price can easily cross 2400 in next 75 Months{6-7 Years}
I have uploaded video on my Youtube channel supporting same if someone wants to learn from it.
Happy Investment.