As per my fib tata steel going for retacement at rate of 91.30 . final target 110.85
TATA 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...
Stop loss for Tata steel reversal zone. Accumulation 996 to 983 SL 946
TATASTEEL day time frame view this is for educational purpose not for trading signal
steel down five wave structure and confrimation candle stick down side or rsiand macd postive crossover steel buy 43.7 and stoploss 42
JINDAL STEEL & POWER -- 15 MIN CHART -- INTRADAY SETUP 1. Stock seen oversold at daily chart 2. lower channel breakout seen above 463.50 stock currently trading at 461 level 3. BUY at breakout level above 463.50 4. wave trend seen moveing upword direction 5. double bottom support seen as trend reversal signal 6. above 200 SMA daily chart BUY JINDAL...
JINDALSTEL short trade looks worth considering as after a parabolic upside move it has come out of trendline and formed an inside candle with break down on the lower side thus indicating short trade below 545 with stoploss of 571 and target of 520,465
SAIL is in limelight for the breakout of the Inverse Head & Shoulder pattern and falling channel, so I thought to take a look. It looks like SAIL is getting ready to resume its uptrend. • There’s an Inverse Head and shoulder pattern formation with the neckline exactly at a Strong Support & Resistance level . • We can draw two falling channels on the price...
JSW STEEL -- INTRADAY SETUP - 15 MIN CHART -- 22/04/2022 1. at 15 min chart stock trading at at oversold level from there max possibilities bounce from 730 level 2. stock cmp 734 level 737 short term resistance at trendline , buy above 737 for trend confirmation upside 3. trendline breakout also can be seen above 737 level 4. Daily chart pattern is higher...
Steel stocks are on fire along with other commodity related stocks Will the break out sustain
high : 10/05/2021 : 501.70 low : 03/04/2020 : 62.00 75 % : 391.77 50% : 281.85 25% : 171.92
HINDALCO CMP 573 Cup and Handle breakout can retest breakout level of 550 can initiate longs near 550 level target is 700
Descending triangle. Possible short term bearish. But we are in commodity cycle and steel would be a good bet after correction.
There is harmonics from where jindal steel can reverse. rest all thing mentioned on chart. kindly refer chart. thanking you.
NSE:SAIL From the highs of 150 stock has given a corrective fall, One should go long near current level keeping SL of 93 & look for the target of 117/125/130+
A massive breakout rally should begin in Jindal Steel and Power soon. It is a triangle pattern breakout and even horizontal trendlines are broken. Keep a strict stop loss at Rs.420 for targets of Rs.500-545-605 in the short to medium term. A decisive and strict stop loss is necessary in metal stocks as they tend to reverse sharply and are very cyclical in nature....
After testing our nerves of steel, the stock is gaining power. A good risk-reward above resistance.
This week can be deciding factor for sail despite poor results Quarterly. Trend reversal can be seen if holds the lower support live of the week.