Swing
Tatasteel: 40% ROI : fundamentally good
huge potential is there.
For investment ;
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trendline is now broken,
wait for small retracement daily candle to close
if you are interested in investment, go for it with proper risk,
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overall "TATA STEEL " fundamentally good stock.
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refer over old posted idea attached below.
TCS TRADING STRATEGY LONG TERMTCS on weekly chart looks good to plan a trade. Currently it is making a descending triangle pattern, testing the trendline for fourth time. We can anticipate a slow and steady breakout.
We can make an entry now STOP LOSS@ 3100 (5-6%), TARGET 1 is 3600, if the price holds 3600 level we can expect TARGET 2 at around 4000 zone, from thereon new ATH can form, this might take a bit of time so it is a long term strategy. OR just trail using 20/50 EMA.
2800-3000 is a strong support zone so if the breakout fails we can catch TCS in that zone.
Titagarh Wagons Ltd swing tradeTitagarh Wagons Ltd is close to breakout level on daily timeframe, candle closing above 358.20 can be considered as an opportunity for swing trade. Wait for daily candle closing above 358.20 and Stoploss will be the swing low (320).
ENTRY:AFTER BREAKOUT (358.20)
STOP LOSS:320
TARGET=1:2 OR 1:3