Tata
Tata SteelCurrently the stock has discounted 14% from all time high levels.
Tata Steel (Daily):
1. Taking support from 38.2 Fibonacci levels
2. Good volumes on Breakout
3. Retesting done
4. Positive crossover of 5,13 Exponential Moving Average NSE:CNXMETAL
5. Reversal from 20 Days EMA
6. CNXMETAL Index also forming Flag and Pole Kinda formation
View Point:
1. Bullish
Addl Points:
1. FII/FPI have decreased holdings from 0.55% to 0.53% in Dec 2021 qtr
2. Mutual Funds have increased holdings from 4.84% to 4.89% in Dec 2021 qtr. NSE:CNXMETAL
Notes:
1. The above analysis is just for educational purpose.
TATA STEEL on an approach for breakout.......NSE:TATASTEEL is on an approach for breakout if any strong candle forms at the breakout of trendline will leads to bullish movement upto 1335. currently wait for breakout adn maintain a strict stop loss at 1144.
This is just my analysis
Do like if its worthy......
TATA STEEL for swingSCRIPT : TATA STEEL
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Swing trade : SL can of 1040, for the target of 1250/1360/1430/1500++
Reason : Triple bottom, good demand zone 1080 levels (see the previous breakout with good volumes)
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Simple Trade Setup | TATAMOTORS | 07-02-2022 [INTRADAY]NSE:TATAMOTORS
Observations:
1) On 1 day time frame, it closed just above the upper trendline of the support channel as well as above 500 level. 500 is a support at this time. If it sustain above it then we can see an up move.
Breakdown of it, can lead fall to the middle trendline of the channel and even in worst case the bottom trendline of the channel.
Please refer below chart : 1day Time Frame.
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Trade Setup for 07-02-2022
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Simple Trade Setup | TATAMOTORS | 27-01-2022 [INTRADAY]NSE:TATAMOTORS
Observations:
1) On 1 day time frame, it closed just above 50DMA.
50DMA is placed at 488.63 level.
Please refer below chart : 1day Time Frame.
2) On 1 hr time frame, it is in the channel.
if it gives breakdown of this channel on 1 hr time then we can see down fall to continue.
Please refer below chart : 1hr Time Frame.
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Trade Setup for 27-01-2022
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
TATAMOTORS: Bullish for long termHere I discovered potential buying zone when price moves to complete reverse head and shoulder pattern. After that targets are drawn and after all targets are met, it can go into price discovery mode.
Title sponsors of #IPL will surely pump up all #Tata stocks but #TATAMOTORS will be most advertised one during the IPL. Keep that in mind and take positions.