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Tatasteel

TATA STEELWait And Watch ?? Look for Low risk, High reward, and High Probability setups- Things to Remember while Trading with the Trend 1. Know what the trend is. 2. The best trades are made in the direction of the trend. 3. Assume that the main trendline or moving average will hold. 4. The longer the moving average is, the better it defines the trend. 5. Wait for the pullback. 6. Don’t chase the market. 7. Don’t fight the market. 8. Even in the strongest trends there should be some retracement. 9. The closer the market is to the trendline, the better the risk/reward ratio is. 10. Use ADX to determine the strength of the trend. 11. Higher the level of ADX , the stronger the trend, below 20 consider the market to be choppy 12. Hold trades longer in a strong trend. 13. Wait for confirmation of a trendline breaking before reversing position. 14. Know where the Support levels are. 15. Place stops outside the Support levels. Thank You..
NSE:TATASTEELLong
by Rvkachhadiya
ViVen IND - Multi Time Frame Price Action Trading IndicatorHi Traders, Trading is Simple, Make it Useful!! 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 of the Signal Candle, SL high of the candle. ViVen - IND Indicator Details: Daily CPR Levels Pivot Points Weekly CPR Levels Next Day CPR Levels Camarilla Levels Pre - Day, Week, Month - High / Low Levels SMA , EMA and WMA Moving Averages Bollinger Bands with Multi Time Frame Moving Average with Multi Time Frame Magic Band Price Action Along with this Trend and Strategy table added in the chart which indicates about the Trend. I also included BUY / SELL labels to take positions. Do you agree with the Concepts above? Happy Trading!!
NSE:BANKNIFTYLong
by ViVenTraders
TATA STEEL: Inverse H&SInverse Head and Shoulders This pattern forms after an extensive downside rally. It consists of a left shoulder, a head, and a right shoulder. The left shoulder is formed after a big bear rally in which the volumes are quite large. At the end of the left shoulder, a minor correction takes place on the upside which happens on the low volumes comparatively the starting of the left shoulder. After this again a down move can be seen on large volumes forming a head having its bottom is below the left shoulder following an upmove correction on lower volumes & completing the head. The completion of the head must be above the top of the left shoulder. If the prices rise above the top of the left shoulder then too this pattern remains intact. In the end, the right shoulder is formed usually on smaller volumes comparatively the previous two rallies. Now if you connect the tops of the left shoulder, head & the right shoulder there will be a formation of the ‘Neckline‘. This line will act as a decision line. If the prices break this neckline & give closing above the line, this will be the confirmation of the breakout of the Inverse head and shoulders pattern. However, it has been noticed that after breaking of the neckline the prices again attracted towards this neckline. We say this phenomenon as a retest of the neckline which will add some more confidence while trading this pattern. After retesting if the prices again start rising, this will be the final confirmation of the up move as shown above. The bookish target of this pattern is taken as the vertical price range from the bottom of the head to the neckline & the bookish Stop loss should be the bottom of the right shoulder. However this stop loss can be big, so it is advised to keep a stop loss of 4-5% of the price range below the neckline. TRADING STRATEGY: Buy near 870 zone with SL of 830 and look for the target of 960-985 zone.
NSE:TATASTEELLong
by TradingSutra
TATA STEEL AnalysisGaps pending Upside: 997.95/1020.8 & 1044 Supports: 869 & 842.85 Resistances: 895.6/927.7/950.8/974.7 & 991.6 Note: OI & Volume to be considered in all the trades. Conditions applied: Con 1: If we witnessed Gap up opening nearby 895.6, Wait for breakout & then take long position accordingly with the given levels. Con 2: If we see sideways opening, then need to watch Volume & OI & then take position. Con 3: If we witnessed Gap down opening, Wait for support breakout in 15 min candle then only go with short positions. Note: OI & Volume to be considered in all the trades.
NSE:TATASTEEL
by Option_Kontrol
Simple Trade Setup | TATASTEEL | 07-06-2022 [INTRADAY]NSE:TATASTEEL Observations: 1) 1Day TF for reference. Please refer below chart : 1Day time frame. ------------------------------------- Trade Setup for 07-06-2022 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.
NSE:TATASTEEL
by Trading_hawk