Huge potential is there.
For investment ;
.
trendline is now broken,
wait for small retracement daily candle to close above - "122"
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if you are interested in investment, go for it with proper risk,
.
.
overall "TATA STEEL" fundamentally good stock.
.
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Enter only if market Breaks
"Yellow box" mentioned.
.
Wait for proper reversal and conformation.
.
Don't...
Tata Steel has given a clear Cup and Handle breakout.
The breakout is supported by good volume as indicated in the chart.
In near term looks like it will reach 150.
CMP: 128
Target: 150
SL: 117
These are my views, please do your due delligence.
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I am not holding
Disclaimer: This analysis is solely for educational purposes and does not make me a SEBI registered analyst.
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A bullish flag & pole Chart Pattern Breakout completed on the Daily Time frame of NSE:TATASTLLP
Price Action nees to be supported by volume.
The stock is currently in uptrend making higher highs and higher lows.
One can add this stock into their stocks to buy list and initiate the long trade as per the levels mentioned on the chart
Stop loss will be on a...
Tata Steel Daily Analysis
Symmetric Triangle Pattern Formation in Tata Steel
Tata Steel has made Symmetric Triangle Pattern. I did all analysis on the daily Timeframe chart and also metioned Projected profit over there. Symmetric Triangle Pattern is a continuation pattern. So i am waiting for the clear Breakout / Breakdown . As price gives Breakdown /...
TATASTEEL :- The stock has given a breakout, but wait for retesting and plan something only after that. Till then keep an eye on the stock.
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and...
Tata Steel Limited is an Indian multinational steel-making company, based in Jamshedpur, Jharkhand and headquartered in Mumbai, Maharashtra. It is a part of the Tata Group. TATA Steel Limited is a diversified steel producer, engaged in the business of steel making, including raw material and finishing operations.
TTM EPS: 1.33
TTM PE: 98.05
P/B: 1.55
Mkt Cap (Rs....
Tata Steel is forming a Symmetrical Triangle Pattern and as per expectation it should give a breakout from 113.
Based on the pattern, one can enter after the breakout above 113 and a target can be set around 194 with Stoploss to be set around 102.
This gives us risk to reward ratio of 6.9.
Pattern is forming on weekly chart with horizon of 2-3...
The chart shows that the stock is trading in a triangular pattern for the last few days. Also, a rising parallel channel is formed in recent times.
Considering the price of 102-100 as the last support, we can anticipate an upside move up to 135 around.
Only for learning and sharing purposes, not a bit of trading advice in any form.
All the best.
#Stock #TATASTEEL broke the price closing ranges with some good volume.
We may See some uptrend from here onwards.
Target 1 : 115,
Target 2 : 125
Thanks
Based on the Chart - after months of consolidation - Tatasteel crossed the trendline and looks like sustained the move.
Also from indicators perspective - Daily RSI > Weekly > Monthly.
Currently trading above Daily, Weekly, Monthly 20-SMA, and 50-SMA.
Also above Weekly, Monthly Pivots and above VWMA on Weekly charts.
It crossed CCI 100 on Daily and Weekly...
Tata steel is taking resistance from a trend line after forming a ATH in 2021 and the resistance line has been tested 4-5 time and finally it is near a break out.
The stock took support from 20 ema on the weekly charts and has formed 'W' pattern.
As the markets are trading and forming new highs. Stocks will also follow the same. Watch the metal sector move and...
Weekly pole and flag breakout. Consolidating since long, metal sector seems good for next 1-2 years due to infrastructure boom. Keep hold. May see 150 levels shortly.
