Tatasteel
#TataSteel A Breakout Candidate !!Tata Steel is following a downtrending trendline zone and Support are tested several times.
So, If this trendline gets upside breakout then this is end of downtrend however closing above 1245 levels will be secondary confirmation.
This is a trade to watch out very carefully as it is going to give a nice risk reward.
TATASTEEL - Trend & Levels for 14 Feb 2022TATA STEEL Trade Plan and Levels for Tomorrow..
Trade easily with BUY / SELL Signals...
We can expect TATA Steel to Open Gap up tomorrow. As per technical its BULLISH Trend and the Sentiment also POSITIVE.
CPR will be key Support to go Long.
You can refer the chart for Resistance and Support levels.
Happy Trading!!! :-)
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TATA STEELNote:
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TATASTEEL POTENTIAL REVRSAL ABOVE 1250Tatasteel has been in a constant downtrend for making lower highs and lower lows for the past 6 months.
This seems to a reversal point and a start for an uptrend.
1.Reclaimed the flip level.
2.Crossed 200 ma.
3.Broke the counter-trendline.
4.Gave a rally after making triple bottom last week.
It would be better if we see a consolidation before the rally
Buy above - 1250
Targets mentioned in the chart above.
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TATA STEEL for swingSCRIPT : TATA STEEL
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Swing trade : SL can of 1040, for the target of 1250/1360/1430/1500++
Reason : Triple bottom, good demand zone 1080 levels (see the previous breakout with good volumes)
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TATASTEEL SWING OPPORTUNITY?????tatasteel daily timeframe can we expect swing...for this setup we need breakout and retest for long term as it is on daily chart it might take longer time to reach the top...
As always guys this is my forecast this is not sureshot trade, please do your own analysis before taking trade.
I hope it will help. please let me know in comment section what do you think about this setup... thankyou:)
#TATASTEEL - Bullish setup completing wave 4#TATASTEEL has completed an A-B-C correction into the 200 DMA support and has rallied off the level.
The down move has also been within a contained channel and is about to break out.
A good entry point will be the break of the upper channel , targets in wave 5 will range from 1570 to 1870 levels
Look for a risk containment at the recent lows of 1248
In general, the steel/metals sector looks strong and Tatasteel could lead the way.
#Tatasteel Long (08 Feb)#Tatasteel Long (08 Feb)
RSI- 61
Took support at Triple bottom chart pattern
Now crossed all moving averages
Buy at CMP- 1218
SL- 1165
Target- 1360, 1415
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Charts and views are only for educational purpose.
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Sail Weekly - Ready for Break outSail is ready for breakout if it breaks the trend line could be in a week.
Ready to break out in daily chart as well.
Break out trend above 108.
Good support from current budget for steel sector.
Other steel stocks like NMDC and tata steel broke out. Waiting for Sail to sail, current range has anchored in 100 range.
Note: This is only for educational purpose not a recommendation, please consult your financial advisor before investing.
SAIL Ready to Break the trendSail is about to break the trend line in another days.
If it crosses 109 then there is a clear breakout confirm it will come out from the down trend.
For clear breakout expecting a long green candle with open and close above 109.
Note: This is only for educational purpose not a recommendation, please consult your financial advisor before investing.