Tatasteel
TATA Steel - Short term Bullish Trend AnalysisTATA Steel - Short-term Bullish Trend Analysis
1. Missed yesterday's breakout.
2. Today it's up more than 7%...
3. Look like the cup with handle pattern formation.
4. target will be 130 for now...
Note:
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2. Always check with your financial advisor and take the trade as per your risk/reward ratio.
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Tata Steel swing entry triggered Today broke its channel, breakout target comes around 1010, and 2nd target 1043 , if breaks n retest 1043 can re-enter again, as 1043-1063 is big time support zone, however it's gonna split on 28th Jul so price level will change, and generally it's is observed whenever any stock is about to split, it gives a rally just before the split. Taking support of EMA 20. From last swing low currently at 0.5 retracement and up. And taken support of Anchored VWap' high marked on swin low on april20.
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..
TATA STEEL 28JULY EXPIRY TATA STEEL has potential both sides, so it is better to have an IRON CONDOR
-1x 28JUL2022 800PE - ₹ 1.2
+1x 28JUL2022 760PE - ₹ 0.55
-1x 28JUL2022 1060CE - ₹ 1.4
+1x 28JUL2022 1120CE - ₹ 0.6
With ROI of-1.67% with just 7 days of trading session left
It is a very good opportunity for safe traders
The only thing required is large capital
Margin required for 1 lot of IRON CONDOR is ₹36814
TATA STEEL - Intraday Levels for 18 July 2022TATA STEEL levels for Tomorrow..
Trend : Bearish
Sentiment : Negative
Expectation : BEARISH Retracement
It has aligned with BEARISH Sentiment, after a breakout of 894 on the lower side. Bullish trend only above 895.. until its Bearish.. Look for SELL opportunity at Sell reversal level for target of previous day low and then it may bounce back in the 2nd half.
Happy Trading..!!