TATAMETALI Analysis & PredictionThis is the analysis of TATAMETALI in the Daily Time Frame. Watch carefully. The chart explains itself.
If it breaks and sustains above the upcoming resistance level, it is good for the stock.
There are some prediction levels. These Levels act as Support and Resistance according to position of price. You have to trade according to level breakout or breakdown.
Always maintain your risk management.
Book your profit according to your “STOMACH”.
Disclaimer:
This is not investment advice. I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult your Financial Advisor before taking any decision or trade.
Happy trading.
About TATAMETALI :
Tata Metaliks Ltd. engages in the production and sale of metal. It operates through Pig Iron and Ductile Iron segments. Its services include charging mix and melting, molding and core making, S G iron production and development, and project-based consultancy. The company was founded on October 10, 1990 and is headquartered in Kolkata, India.
TATAMETALI
TATAMETALI may consolidate/fall for a whileI am not holding
Disclaimer: This analysis is solely for educational purposes and does not make me a SEBI registered analyst.
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TATAMETALI - Breakout of Head & Shoulder pattern - Swing TradeThe analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
TATAMETALI: VCP Pattern FormationNSE:TATAMETALI
Levels mentioned in Chart.
Note: Not a SEBI Registered analyst.
Trade at your own discretion.
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Self-explained chart: All well explained in video with SL, TARGET and How you can wait for a better trade-in it
⌛ Motivational and psychological area ⌛
✣Trade only if you are in the right mindset, if you have been emotionally weak for some time, take your time and don't trade, trade with a happy and + mindset only.
✣If you want to make money, firstly be prepared to lose it, only that much which you can afford and that much by which you can make a mistake again, learn from them and grow
✣Don't lose hope and keep grinding
✣I have seen my friends on youtube streaming games with watching 10, constantly they streamed for a year or two and now they are buzzing with 1k to 2k watching daily.
✣Focus on the process, you are here to make money not stupid decisions, and lose it all
✣No one will help you climb the mountain, few will tell the path, so follow good people, make good mentors and make good decisions and choices in the stock market.
✣Believe in yourself :)
🎓🎓 Some info about me :)
➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all.
➼I hope you will love my simple analysis style.
➼Feel free to suggest your view on this as learning is earning here :)
➼I take my trades on my Zerodha account :)
➼I don't take all the trades I post
➼These charts are my and only my work, my thought process, just from an educational point of view and no calls.
☃☃☃☃ Thank You Have a Nice Trading Day ☃☃☃☃
TATAMETALI - BreakoutTATAMETALI triangle breakout. Looks good for a swing trade with SL below the lower TL.
RIDING on the METAL MOMENTUM - BUY OPPORTUNITY - t1 - 1300Unlock happening quickly, demand for construction related material increases. Metal stocks are in momentum. This is a solid opportunity to buy.
Technical indicators are bullish
Watch out for the SL
Chart study, not a call
NOTE : I have taken Position in this stock at first BO
#TATAMETALI 23%$return $TCS $TATASTEEL $JSWSTEEL $HINDALCO $SAIL#TATAMETALI
TATAMETALI
CMP: 1055.70
Target: 1300++
May Hold if longer time frame planned.
Stoploss: 897 (on close price basis)
Time Frame: Less than 3 months.
Factors:
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Higher Highs & Higher Lows.
Breakout above RESISTANCE levels
Trading at SUPPORT levels
Fundamental are strong.
High Revenue
High Cash flow
Asset Quality Good.
Earnings report & quality strong
EPS Positive
Risk Return Ratio is healthy.
And
Rising from the Bottom to Bullish Wedge Pattern Breakout to Flag Pattern Breakout.
The stock has given a all time high breakout.
Potential to reach high further.
BuyBuy with sl below 660 for target 1100 and 1300.
Disc : it's not an investment advice to buy or sell
TATA METALLICSSCENARIO 1 : A breakout above 692 levels
TARGETS : 700, 716
SCENARIO 2 : RETESTING and continuation of downtrend.
TATAMETALI Falling WedgeTATAMETALI has been moving in a falling wedge since start of 2018. Currently testing the edge. Awaiting a breakout/Reversal
TATAMETALI Camel NeckTATAMETALI has been respecting a long term neckline . Currently testing the neck again. Awaiting a breakdown or reversal.
Without the camel-->
TATA METALI BreakoutIts Bouncing between the levels nicely.
After the huge leg up , it may form a flag before retesting the Lifetime highs.
Tata Metaliks - Uptrend resumingAfter a retracement from sharp bull run, stock is taking support at 38.2% Fib Level and seems ready to resume trend as its already broken channel.
One can go long at CMP 642 with SL of today's Low 620 for a Target of retesting the top 760.
TATAMETALI in revrsal zoneTATAMETALI is entering a possible reversal zone.
The green trendlines are from the DAILY timeframe forming a Rising Wedge .
Look out for a breakout or reversal, after it enters the Zone.