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.
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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 STEEL PRICE ACTION ANALYSISTata steel's price has taken a drastic fall today. The price is near the demand zone set by the XABCD bullish bat pattern.
If the price bounces off from the demand zone, we can go long and consider targets mentioned on the charts.
The stop loss level mentioned on the chart is technically sound support, if this level is broken, the fall could be drastic and can continue. If you are a risky trader, consider holding until 1070.
Happy trading :)
This is just for educational purposes.
TATA STEEL PRICE NEARING A SUPPLY ZONE.Tata steel price is near the XABCD bearish pattern's potential reversal zone. From PRZ the price could make a correction or breaking of the PRZ could lead to a short-covering rally.
For new long entrants, wait for one of these scenarios. The levels and the stop loss point are mentioned on the chart.
Happy trading :)
Only for educational purposes.
[TATA Power] 6.3% Profit achieved in 3 trading days, what next? In my post date 06-May-2020, I have suggested to go for SHORT on NSE:TATAPOWER (for short term gain). On 06-May, it was closed on Rs. 29 and I have suggested TARGET of near Rs. 27 , which it almost achieved today (11-May-2020).
Now it touched the support line of monthly parallel channel as marked in chart. So what next?
Will it take take trend reversal or continue to fall !? . What could be Target price in both case?? If you want to know, please comment, will analyse further and post an update.
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.
TATASTEEL Looks Bullish TATASTEEL Has seen Fresh breakout on the Daily and 4- Hourly Charts. When Observed on the weekly Chart Strong Support at 106 is seen in the stock. Stock Broke the Resistance Levels 106 Retested it and again heading towards higher levels. We are Going long on TATASTEEL Future at CMP 112.25 For the Targets of 120- 125 and Stoploss of 105.75
TATAPOWER Analysis 18/11/21; S&RTata Power is building support at current levels of 236-237.
At point 1, we can see a STRONG SUPPORT LEVEL (Trendline support in parallel channel as well as Fibonacci Retracement 0.236 support level.)
As we have already seen previously, TATA POWER has taken support and bounced back from these levels a few days back.
If the stock sustains and respects this strong support level, then a further upmove is expected. Levels can be seen from the colourful fibonacci extension charts. Stock has already seen a resistance in this zone, early this morning. You can go long here for targets till 250 and further to 270+ (Its ATH).
Even if stock remains in this channel, we can for sure look for an high till stock touches upper band in this channel.
** I am not SEBI Registered advisor. Kindly consult before taking trade. **
TaTa Motors forming a hammer patternTata motor formed a hammer pattern in weekly time frame on a major support ,which is a very crucial level.
It looks very good buying opportunity with the low of hammer as stop loss.
As tata motor was in a very strong up trend for last few months it is expected that the really may continue after this current correction.
TATA MOTORSTata motors, this stock has given very good breakout along with good intensity of volume, in daily time frame its a rounding bottom breakout and in weekly its a bullish flag and pole breakout, trend indicator macd in weekly has also turned positive uptick, that too above zero line which is very good sign, along with positive in daily too, all other parameters are also suggesting signs of bullish trend ahead, one more positive sign is index of auto sector has also given flag and pole breakout same day. one can go long for positional medium term period in this stock tata motors at current levels or in dips ( if any ) with key levels mentioned on chart.
wave structure and key levels
breakout with volume
macd in weekly
macd in daily
rsi in weekly
rsi in daily
bbc in weekly
bbc in daily
positive ungali in weekly
poaitive ungali in daily
stochastic in weekly
chart pattern in daily
chart pattern in weekly
Disclaimer
I am not sebi registered analyst
My studies are for educational purpose only
Consult your financial advisor before trading or investing
TATA MOTORS SWING TRADETata Motors is trying to break support, but the price is rejecting it; if the support is broken, purchase at the Buying Zone. For Swing Trade
Also, Keep It Mind that
If stock market gurus were true experts, they would buy stock not selling advice. So don't take anyone's word for it; this is just my opinion; do your own analysis.
TATA MOTORS INTRADAYTata Motors is trading in a very narrow range and we expect the stock to breakout from the range. A strong upside momentum is expected above 300. The position for tata motors will be bullish above 300 for an immediate target of 308 followed by 314. A level of 292 looks like a strong support and stoploss should be kept below this level.