Tata steel looks good till upper trendline.
As it has formed IHNS so it will give that target also it is forming bullish flag pattern on daily chart. So looks a good bet for long term.
Will prefer adding in all dips. Sl below trendline.
Views personal.
I Can go wrong.
Not a trading recommendation.
DYOR
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
Hi Traders,
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Here the trading made easy with Signals...
Its a Combined Pivot Boss Price Action Strategy Indicator.
This indicator has been created based on Pivot Boss, RSI and Price Action Strategy.
BUY Signal - Go Long at middle price of the Signal Candle, SL low of the candle.
SELL Signal - Go Short at middle price...
Strategy :- Support/Resistance Broken on 1 Day closing basis.
Tata Steel Has broken a major support resistance zone range of .
Positional traders can take position in Tata Steel For target of 140. Approximate time for achieving target will be 1-2 months.
Entry:- 112
SL- 101/100
Target :- 139
TATASTEEL Has seen Fresh breakout on the Daily and 4- Hourly Charts. When Observed on the weekly Chart Strong Support at 106 is seen in the stock. Stock Broke the Resistance Levels 106 Retested it and again heading towards higher levels. We are Going long on TATASTEEL Future at CMP 112.25 For the Targets of 120- 125 and Stoploss of 105.75
NSE:TATASTEEL
One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
Close should be good, and Clean.
R:R ratio should be 1 :2 .
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
Tata Steel looks decent at current levels. If the current levels are held then one can go long in this stock. The stop loss is marked in the chart for better understanding.
Tata Steel has broken a major resistance of 107, and is now retesting it with a minor pullback.
this is a Major level that has been tested atleast 5 times as Support and
Go Positional long with Target of 125 / SL of 97
RR - 1:2
#TATASTEEL
Trading near good weekly support of 103-107 which should be held on Weekly Closing Basis. If yes, we may see a good bounce till 120/125 levels, that's good 15% rise. If not, we may see a good fall till 96-93 odd levels with 82-83 being ultimate weekly support.
tata steel a good candidate for long as economy is improving ,looks things will be on track soon and also a good break out above 110 we can enter cmp for target 135,140
