#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...
Tata Steel- Round Bottom formed. Its neat BO. mostly like BO. Waiting for Green Candle to confirm the same. If it goes up then target will be 130+ as per the area marked in as Target.
Disc- Only for learning purpose and not trading recommendation
Tatasteel is on crucial resistance level. A close above 111 will be very tough and strategic for Bulls. As of now Its is trading above its Anchored Vwap of 7th April.
For long target are
1. Rs 111
2. Rs 117
3. Rs 131
Must watch its behaviour at Rs 111.
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.
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...
Tata Steel BSL
NSE:TATASTLBSL
Cmp - 93
Stop - Nil, Add more on relevant dips
Expectation -
T1 - 450
T2 - Open, Review at 450
Expected Holding Period - 2 years or earlier for T1
Technicals - ✅
Fundamentals - ✅
View:- Investment
Disclaimer:-
Ideas being shared only for educational purpose
Please do your own research or consult your financial advisor before investing
Tails are important for this stock to trade.
Suppose to trade tomorrow 285 above, then buy and hold ( Friday )
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Tatasteel TimeCycle and Parallel downward channel.
The price is trading at value low which is better to buy.
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tail...
