Tatasteel
TATA STEEL 19/01/22head and shoulders pattern in tata steel on 1 hour time frame at the level of 1190~1250 , we can see potential targets to be achieved in the near future or like in a month or 2 weeks , you can enter after it crosses 1220 who are eager to enter and for safe traders they can after 1240,
*ABOVE 50 MOVING AVERAGE
* VOLUME SPURT
TINPLATE INDIA (TATA STEEL)TINPLATE INDIA (PROMOTER - TATA STEEL - GROUP)
AM SHARING MY VIEW ON TINPLATE INDIA.
GOOD BREAKOUT WITH VOLUME IN CUP & HANDLE PATTERN.
***Fundamental***
Market Cap :- ₹ 3,792 Cr.
Debt free company,
Buy :- 350-60
SL :- 285 for Short term
SL:- 250 for Long term
Target :- 480-85 & 620-25 As well,
Just sharing my view on TINPLATE INDIA. Its for Learning Purpose .
"Passion with Chart, Know with Heartbin"
TATASTEEL Bullish Swing SetupTATASTEEL gave Double Bottom Neckline breakout and retest and now looks good for an upward move. One can look for fresh entries for a swing position.
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Tata Steel Ltd. BuyTata Steel Ltd is a well diversified business entity. It manufactures ball bearings, hand tools, tubes, steel wires, and also operates chrome mines..The company also in the business activities of Steel, Ferro Alloys and Minerals.
CMP: 1213.60
Target: 1332
Buy above 1199 which is critical support. use dip to buy strategy. Breakout of W Pattern it may retraced to neckline and go for big target.
Feel free to share your feedback and queries.
If you want to know about your stock please mention in comment.
Tata Steel ready for the uptrend!🤩💸🔥Buy Tata Steel for Positional Trading as well as Investment💸🔥💸
Comment your views!!!🧐🤔🧐
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💡Key triggers for future price-performance:
India’s share in Tata Steel’s overall consolidated production capacity has risen from 29% in 2010 to 57% in 2020 and is likely to reach 73% by 2030. For FY22E, Tata Steel is targeting over US$2 billion gross debt reduction wherein it will prioritise offshore debt repayment.
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Both TECHNICALLY and FUNDAMENTALLY strong stock.💪💪
The company posted the best Q2 result and will very likely post a similarly strong result in Q3 too.
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The stock had given a 13-years long Volume Breakout in April 2021 and then after it has been in a retracement phase from August 2021 with decreasing volumes. Now with the formation of a Double Bottom in a Weekly timeframe stock is poised for a strong rally will begin from current levels.
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💎@technofunda_trader
Few Important rules from my Trading Philosophy:
1. Buy QUALITY stock.
2. Buy RIGHT, Sit TIGHT- Only sell in loss if the fundamentals deteriorate, problems arise in management or any other similar fundamental issues.
3. Don't invest more than 5-10% in any stock & more than 25% in any particular or related sector.
4. Build position GRADUALLY as the stock RISES.
5. Trade in the DIRECTION of the BIGGER trend.
6. RIDE the TREND. Don't sell your WINNERS early.
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LIKE, COMMENT & SHARE 😄😄😄
Tatasteel breakoutHello traders, hope you are doing good and enjoying gains in nmdc & tatapower.
Now this time tatasteel has given a long awaited breakout from is channel pattern, I posted trading idea of tatasteel before, here on tradingview when it made a double bottom and said that this could be the time it we will get a breakout and asked you guys to make your positions accordingly.
The channel pattern seems to have been broken by strong candles so it definitely looks good for the upper marked targets.
RSI is above 50
MACD above the signal line.
Buy above - 1216
Targets mentioned in the chart above
Tata Steel - Beginning of new uptrend Key highlights:
1. Bounced off the weekly demand zone
2. Forming a Bullish market structure
3. Support from 200 MA
4. Good volume expansion
5. Testing the trendline for the 4th time. It may give a breakout this time.
6. Flip level @1246. Expect a good move if it closes above 1246.
Disclaimer: This is NOT investment advice. This post is meant for learning purposes only. Invest your capital at your own risk.
Happy learning. Cheers!
Rajat Kumar Singh (@johntradingwick)
NSE Certified Technical & Fundamental Analyst
Tatasteel double bottom breakoutHello traders, tatasteel tapped into demand zone made a double bottom there and gave a breakout from the same.
I was somewhat late to publish this idea so look to buy on a retracement for above targets.
Buy above - 1130
Targets mentioned in the chart above.
Please LIKE, COMMENT and SHARE to motivate and support me. I'll keep on posting new ideas on Indices & Stocks. Be sure to follow so that you don't miss any good trades that might have been rewarding.
Any comments and critiques will be appreciated even if it's of opposite view as a trader can also be right so many times.