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Steel

Vedanta for 100% gainFor investing/trading in metal companies, one needs patience as hard. On weekly charts, the stock seems to be in Wave 3 which is heading towards 800+ that is also the 1.618 fibonacci level as seen in the chart. In the current run up, it may go up another 5-10% (around 440 levels) before hitting a Wave (II) correction towards 350-325 levels. Please note there are a few assumptions with which these levels are arrived at. In case of deviation in the route to its target, those assumptions are altered. You can avoid all panic if you manage your positions well.
NSE:VEDLLong
by DhandhaPaani
NAVAWait And Watch ?? Look for Low risk, High reward, and High Probability setups- Things to Remember while Trading with the Trend 1. Know what the trend is. 2. The best trades are made in the direction of the trend. 3. Assume that the main trendline or moving average will hold. 4. The longer the moving average is, the better it defines the trend. 5. Wait for the pullback. 6. Don’t chase the market. 7. Don’t fight the market. 8. Even in the strongest trends there should be some retracement. 9. The closer the market is to the trendline, the better the risk/reward ratio is. 10. Use ADX to determine the strength of the trend. 11. Higher the level of ADX , the stronger the trend, below 20 consider the market to be choppy 12. Hold trades longer in a strong trend. 13. Wait for confirmation of a trendline breaking before reversing position. 14. Know where the Support levels are. 15. Place stops outside the Support levels. Thank You..
NSE:NAVALong
by Rvkachhadiya
investment and trading idea for 2023 metal index hindalco tata steel to me all three are looking positive for 6 months time period TaTa steel is looking good on daily and weekly time frame rsi is taking support from 40 levels on daily as well as weekly time frame however on monthly time the confirmation is yet to come but monthly confirmation will not at come these prices till we find monthly confirmation prices will be above 120 levels should not go below 80 levels from here my first target is 130 on tata steel will add more above 108 levels this will be a pyramiding trade for me i will add on higher levels not on lower levels this trade is for final wave on metals dont get trapped later on
NSE:TATASTEELLong
by Tradegainer
2
TATA STEEL --INTRADAY SETUP --28-11-2022TATA STEEL - HOURLY CHART --INTRADAY SETUP -28/11/2022 1. tata steel hourly chart seen trading at lower channel 2. last hourly candle seen breakout on lower channel at above 105 level 3.RSI seen abobe WMA and above 60 level now bullish for short term 4. one can initiate BUY on intraday at 106 for target 108-109-110 and stop loss 103 level 5. intraday support 103.75 , 105 and resistance 107.50, 110 as mention on chart THIS IDEA IS FOR EDUCATIONAL PURPOSE ..trade at own risk.. Comments and suggetions are welcome .!! HAPPY TRADING . !!
NSE:TATASTEELLong
by champtrade111
5
JSW STEEL --INTRADAY SETUP -- 21/11/2022JSW STEEL --15 MIN CHART --INTRADAY SETUP --21/11/2022 1. JSW STEEL on 15 min chart seen double bottom support formation at 700 odd level 2. Trendline breakout seen on 15 min chart at last closing hiekin ashi candle 3. stock seen upper channel currently where support of channel form at 705 level and resistance 715 -720 level , same as take as intraday support and resistance 4. trix line shown positive crossover . 5, one can initiate buy 705-708 for intraday target 715-720 -725 stop loss bellow double bottom line at 695 THIS IDEA IS FOR EDUCATIONAL PURPOSE .. trade at own risk !! HAPPY TRADING .!!
NSE:JSWSTEELLong
by champtrade111
TATA STEEL SHORT TO MID TERM SWING#TATA STEEL given breakout in day time frame, making harmonic bat patter, taking support from dynamic trendline & also making lower high on weekly time frame. Buy around 103 TO 104 TGT 112, 118, 122 Stoploss 100 on day closing basis. Disclaimer : I am not sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses.
NSE:TATASTEELLong
by Rks_23
JSW STEEL ANALYSIS ON DAILY TIME FRAMEGood Evening everyone, JSW STEEL on a Daily time frame formed a triple top pattern. The last one is all time high. -->After creating all time high came down directly and broke the last low before ATH (Horizontal Arrow) -->Observe the price action after that , Price hardly managed to go to 0.618 Fib level (shown on chart) ->Got rejected from that level and formed a lower low & lower high. -->Now this setup looks good for selling with all these confirmations. If there is any small retracement and price came back to 657 -660 levels we can short with a SL of just 30 rs. -->Those who trade options may plan accordingly stop loss levels will be same (690 levels). Managing the trade: If the trade goes in our way *Exit half Quantity @1:1 Risk/Reward Target and Shift to SL to cost *Exit Half of the remaining with 1:1.5 or 1:2 Risk/Reward (by looking at momentum) and trail the SL. *Exit remaining with trailing Stop loss. *SECURING THE TRADE AND PROTECTING THE CAPITAL SHOULD BE YOUR FIRST PRIORITY. *NOT A SUGGESTION VIEWS ARE FOR EDUCATIONAL PURPOSES. If you want me to video analysis pls give a boost. If I can get 2000 boosts overall on my profile I will start doing video analysis. Need motivation very badly.
NSE:JSWSTEELShort
by Mo-Kri
TATA STEEL -- INTRADAY SETUP- 11/07/2022TATA STEEL -- INTRADAY SETUP -- 11/07/2022 1. As per daily chart , hourly chart look like metal stocks like Vedanta, tata steel, jindal steel and hindalco seen strong short covering,rollover at last few session, stocks are bottom out at extreme oversold level and looking for trend reversal after some profit booking in last season, 2. TATA STEEL look good after given lower channel breakout and now after pullback again retest channel lower support at 15 min chart where 21, 200 HMA shown good support and can shown upmove in next trading session after some profit booking in last session 3. BUY can initiate at intraday at 880-885 level for intraday target 890-895-900 and stop loss can place bellow trendline support at 872 4. intraday support and resistance shown on chart 5.RSI at 41 at daily chart THIS IDEA IS FOR EDUCATIONAL PURPOSE ... trade at own risk .!! HAPPY TRADING !!
NSE:TATASTEELLong
by champtrade111