NSE:RELIANCE
#RELIANCE trading in parallel channel and short term levels marked for practice.
Ping me to know for mid to long term levels if any one intrested.
Happy LEarning !!
Tata Steel to take long entry. All important levels are marked on the charts. RSI forms positive divergences. Also stock is forming higher highs & lower lows. Good buying candidate. This is for your educational purpose only.
BREAKOUT TO TRADE:
Nifty Metal Sector has gave weekly closing above 61.8% Fib Retracement which means Metal Sector is now officially in Bullish Trend.
Our Long Term Pick is TATA STEEL
REASON :
1. Symmetrical Triangle!
2.Metal Sector Staring at a Breakout!
3. Removal of weak hands done last week.
TARGET : 1500+
SL IS WEEKLY CLOSING BELOW 595
Tata steel looks good on daily chart with a potential Break out candidate. It has formed a C&H pattern on daily chart & also breaking the trend line & the previous high trend line. Volume has been good over past few days. The RSI is in 60+ zone so the stock has good momentum with Strength. Keep an eye on the counter, can give some good returns in short...
Tata Steel - Metal is real Gold for next 1 year timeframe.
Entry zone - 1200-1230
Stop Loss - 1055
Target 1650-2500+
Disclosure - Do R&D before taking any trade.
NSE:TATASTEEL is a very good fundamental stock.
as of now the war is running on, the best sectors to invest for long term is steel
in daily time frame the stock is showing very strong support from the level of 1063 levels
on can add this stock for long term gains in their portfolio
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
