Tata steel is a must buy as soon it breaks trendline resistance. Currently it is below 200 MA which clearly a big factor of not buying right now. Keep track of it.
Buy Tinplate for Positional Trading as well as Investment💸🔥💸
Comment your views!!!🧐🤔🧐
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✅Both TECHNICALLY and FUNDAMENTALLY strong stock.💪💪
The company posted the best Q3 result in its history.
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❇️The stock has given Multi-Year Volume Breakout with Cup & Handle pattern formation. Also, the Q3 result is the best result in the company's history. With the recent...
Buy Tata Steel for Positional Trading as well as Investment💸🔥💸
Comment your views!!!🧐🤔🧐
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💡Key triggers for future price-performance:
India’s share in Tata Steel’s overall consolidated production capacity has risen from 29% in 2010 to 57% in 2020 and is likely to reach 73% by 2030. For FY22E, Tata Steel is targeting over US$2 billion gross debt reduction wherein...
P.s. Strong chart once this breaks out of range. Long consolidation. Now chart ready to move. Risk- reward favourable. Copper Index showing inital strength too. Same goes for nifty metal.
Technical Analysis
According to chart Tata Steel has entered its first support range of 1080-1060. If it falls further it can go to previous all time high level of 880. After that support for Tata Steel is the range of 600-700. One can add small quantities at every level for mid to long term investment.
Fundamental Analysis
PE Ratio : 17.88 (Undervalued in...
Good Support: 1250-1235
if not sustained new support will be @1280 and @1180
Analysis before any decision because it is you at the end to see the consequences.
Expecting a mild reversal from 150 ema on 16th november 2021. followed by resistance at trendline. followed by a breakdown --> support ---> consolidation > breakout from trendline.
if stock does not reverse from 150 ema then support levels are given.
Tata steel bsl is in flag and pole pattern in 1 week time frame. its now trading at price 88 INR but in upcoming 60 days it will touch 130+.
It could be a very good swing trade.
Here, as per pattern it looks like we are heading towards another minor correction.
Longs are only triggered after the break of 1428 & 1477 levels. Till then it is good to find shorting opportunity..
Gearing up for a new 52 week high after a brief consolidation. The metal cycle has yet not ended and we are yet to witness a lot more ahead. In the chart, 20 EMA is heading up above the 50 EMA and the start for the new upcycle can start from 8th of November 2021.
