*SWING TRADE* Buy TATAL STEEL Above 157 Stop Loss: 145 Target 1 (1:1.5) 175 Target 2 (1:2) 181 _Duration 1-2 months_ Trade as per your risk-taking capacity. The metal sector is showing signs of reversal, having retested the breakout level of 9493. Tata Steel also retested its zone breakout level and saw an increase in volume on the daily candle. An...
NSE:TATASTEEL has formed a clear support line ( Trend Line) with multiple touch points, as the month TF didn't have any break of structure(BOS) on the sell side, the market is still considered to be in uptrend. Moving down to the 15m TF the market has a resistance with multiple touch points and if it breaks the resistance zone with a good volume a long position...
Tata steel is showing retest breakout... according to some theories RETEST STOCKS ARE THE BEST STOCKS... All data is available in public domain.. CMP : 160 TG : 215 SL : 142 Stock's selection based on 5 Point Analysis: 1: Idea : Retest Breakout. 2: Support : Volume, Delivery & VWAP. 3: Technical : 9/21/55/200-EMA, RS>0, MACD, RSI & Super trend up. 4:...
Date: 21 Sep’24 Timeframe: Weekly chart Graphite India currently seems to be in Wave III of 3 which is heading towards 1400 levels (130% growth from current price) as seen in the chart. Even if it attains its previous all time high of August 2018, that’s almost double its current price. If one can handle the fluctuations that operators inject from time to time...
Date: 22 Sep’24 Stock: Indian Metals and Ferro Alloys (IMFA) Timeframe: Daily As mentioned in my idea posted on 10 Sep’24 (link is in Related Ideas section), IMFA seems to have completed Wave IV of 3 on 13 Sep’24 and begun Wave V impulse towards 950 as seen in the chart. It can very well go past 1000 as well, only further moves can confirm this. This is not a...
Tata Steel is in this Upward sloping Channel since June 2022 all the rise looks messy means all pullbacks have over lapped with previous rise so instead of forcing Elliott Wave we will try to study it with simple technical approach. We have drawn a trendline connecting lows which has held 4 times & which was also 50 Week Moving Average so buyers are happy to go...
NSE:TATASTEEL Round bottom breakout strategy Retest complete after round bottom breakout Weekly chart Big green candle formed at retest level Volume rising Stock is in uptrend Do as directed in the chart This is not the trading recommendation or advise 🚨 Do your analysis before taking any step 👍
Technical Analysis of LME INDEX Based on Elliott Waves The information provided in this response is based on the analysis of the Elliott Wave chart and does not constitute financial advice. The author is not responsible for any investment gains or losses incurred by individuals who rely on this information. Elliott Wave Theory is a technical analysis method...
Date : 26-Sep-2024 LTP : Rs. 165.61 Resistance Levels: (R1) Rs. 184 --> (R2) Rs. 210 Support Levels : (S1) Rs. 147 --> (S2) Rs. 142 Technical View: • NSE:TATASTEEL is in strong primary uptrend and was recently going through it's secondary downtrend within primary uptrend. • After touching the high of 184.60 on 18-Jun-2024, it has retraced 23% to 142.35...
Date: 25 Sept’24 Stock: Vedanta Timeframe: Daily chart In my earlier analysis of Vedanta in May this year, I had mentioned the stock is heading to over 800+. I have now reviewed my analysis for a target of around 580 (20% from its current price). Vedanta seems to be in Wave V of 5 and could attain a target of about 585 as seen in the chart. This is not a trade...
Date: 24 Sept’24 Stock: Tata Steel Timeframe: Daily Tata Steel seems to be in Wave V of 5 which has a likely target of around 200 (25% from current price of 160) as seen in the chart. Volume is high and RSI is strong. Even if this price is achieved in next 3 to 6 months, it is a safe bet. This is not a trade recommendation. Please do your own analysis.
NSE:TATASTEEL Bouncing from a crucial accumulation zone with significant volumes. 147-157 Will be the Key accumulation zone, with an upside of 168 to 185 Zones. The Metals Sector is in Favour With FED Rate Cuts and China Rate Cuts. Keep a Watch. Disclaimer: This analysis is intended solely for informational and educational purposes and should not be...
NSE:TATASTEEL Tata Steel stock is the best support stable at 135 to 145 and can buy this stock once it stabilizes above Rs 170. 180 to 185 rupees will be the first target and 200 to 210 will be the second target. Stoploss is one weekly candle closed below the trendline.
metal stocks and index are not looking good for longs right now with global slowdown especially with china slowdown . any positive news from china for real estate sector will bring boost to metal prices.its not TA or FA but a opinion . avoid ferrous metal contracts/stocks . when time comes for long zinc/magnesium/coppper/aluminium are the ones that perform better...
Hello Everyone 👋 Support Levels: First Support: 4,500 Second Support: 4,480 Third Support: 4,460 Resistance Levels: First Resistance: 4,520 Second Resistance: 4,540 Third Resistance: 4,560 These levels are derived from technical analysis and can help identify potential entry and exit points for trading
Tata steel breakout and retesting completed now we can expect a upside move
Tata Steel : Weekly: -Stock is taking support at .618 Fibo Levels -Trading above 50 MA and also at support of lower Bolling Bands -Also at previous support levels Daily: -RSI at support levels -Stock showing signs of reversal -Can be entered for investments purpose or positional trade Note: The above analysis if for educational purpose only. -CA Diptii...
Detailed Analysis of Tata Steel Chart Sector: Steel Signal: BUY Logic below: TECHNICAL VIEW - The price is currently above all the key moving averages, which typically indicates an uptrend. However, it is worth noting that the price is very close to the 50-day EMA, which can act as a dynamic support level. Volume: 40.165M | Average Volume: 26.832M ...