NSE:TATASTEEL
Hi Everyone
This is an continuation update of our previous forecast. If anyone has any query feel free to ask me.
Thank You
Wave Forecast
Equity name - Tata Steel
Below scenarios might be possible
Buy above 1370-75 target 1480 & 1533
DISCLAIMER - DO YOUR OWN ANALYSIS AND WATCH MY PREVIOUS ANALYSIS
Buy Tinplate for Positional Trading as well as Investment💸🔥💸
Comment your views!!!🧐🤔🧐
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💡Favourable long-term demand outlook :
About 70% of the domestic tinplate is consumed for packaging edible oil and processed food items. Hence its growth is linked to India’s food-processing industry, which has witnessed a steady increase in demand over the years.
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✔️Both...
waiting for long for this opportunity...
you guys can enter here for targets of 1400 upto july 2022.
chart here is self explanatory...
Best Regards,
Sangram Kanade.
If TATA MOTORS opens above purple line
TATA MOTORS can buy when it touch purple line around 408-410 with target of 1:2 ratio, SL is when 1hour candle opens and close below purple line.
The analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets...
Currently the stock has discounted 14% from all time high levels.
Tata Steel (Daily):
1. Taking support from 38.2 Fibonacci levels
2. Good volumes on Breakout
3. Retesting done
4. Positive crossover of 5,13 Exponential Moving Average NSE:CNXMETAL
5. Reversal from 20 Days EMA
6. CNXMETAL Index also forming Flag and Pole Kinda formation
View Point:
1....
Tatasteel has been consolidating in a narrow range after a bullish movement in the stock.
It is forming a bullish chart pattern on a higher time frame.
The breakout of the parallel channel can give a move of 5%.
Watch the stock for the tomorrow
Tata Steel is nearby hourly resistance area and trading below average for intraday trader they can go for short at 1265 for the target1 of 1245 and target2 is 1231 with the strict stoploss at 1291.
This study is only educational purpose, Traders trade at your own risk.
Conclusion:
The sell recomentation is only for the intraday trades.
Thankyou
Trade TYPE: SWING
Duration : 2-3 months
Entry: CMP
S.L. Below the RED line
Targets : 1500/2000++
Note: This is not a BUY recommendation and I am not responsible for any of your PROFITS/LOSSES
This stock has run up a little so might pullback or consolidate for a while before going UP again...
Hope this post helped you to take better decision
HAPPY TRADING :)
