Tata Steel - Divergence with Bullish structureIt has very good structure with a divergence clearly seen on a chart.
Can go long here.
Tatasteel
TATASTEEL Trade Setup For TomorrowIntraday pick for Tomorrow - 03-01-2022
Stock name : TATASTEEL
Time frame : 30 minutes
Wait for proper breakout and retest for entry.
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Nifty Metals showing Demand again!One can expect Nifty Metals to go bullish once the price moves and closes above 5760. Also one many have to check the breakout volumes from individual stock's to access the breakout strength.
TATA STEEL# TATASTEEL
After a good correction it has took support from the very Strong zone. Looking Good for long.
TATASTEEL-Triangular Pattern(1day Time Frame)NSE:TATASTEEL
The Trend Lines indicates a Triangular Pattern being formed. The Stock tends to be Bearish in 15min/30min/1hr TF Candles. The Stock has taken a good support in 1 day TF and has shown Bullish behaviors.
TATA Steel CHART is SELF EXPLANATORY ... i have analysed the chart pattern of tata steel and came up with folowing analysis. HOPE IT HELPS. Like the analysis if you found any value addition content ...
Tata Steel price looks weakTata Steel price looks weak
Reasons/Traits :
• Forming bullish Gartley harmonic pattern
• Retested point B of Harmonic pattern
• Pricing making lower lows
• Price retraced and from 0.618 fib levels and got rejected at 50 EMA and heading back to 0.618 level
• Breaking 0.618 level can further see a price decline
• RSI strength is reducing and is below 50
What can happen next :
Scenario 1 : Price sustaining 0.618/0.5 levels can help price bounce back to meet 50 EMA (red line)
Scenario 2 : Price break down of 0.618 levels can take it down to touch 200 EMA (black line) or 1050 level and complete Gartley harmonic pattern and retrace back to point B (1300)
Disclaimer : This analysis is only for educational purpose and not be considered as any trading idea/tip. Please consult your financial advisor before you take any trade and we are no way responsible for your profits/losses. Thank you!
Tata Steel Short Trade 1 Hr candleTata Steel 1 hr Dupply Zone
If trading for intraday keep target to 2:1
If Trading Futures 4:1 Target with trailing SL
TATATSTEEL AT SUPPORT (DAILY+CHANNEL)Hello guys, the next stock I am watching for upmove is TATATSTEEL.
Following a channel pattern, now has touched the lower channel line acting as support, is also on daily and weekly support.
RSI is bullish
MACD about to turn green.
Buy above - 1125
15% upside possible.
Targets mentioned in the chart above.
TATA STEEL DAILY CHART ANALYSIS 09.12.2021TATA STEEL as per daily chart analysis is still in consolidation zone and today it has formed pin bar candle and resistance at 1190 level. Stock Above 1192 for a target 1250 level.
TATA STEEL CMP 1192
4.50 P/E
Fundamentally very good stock to HOLD and it's cheap as per P/E, for only long-term investors. Fresh entry is not recommended at this level!
But technically it's showing a BEARISH trend !!!
METAL INDEX: BullishMETAL INDEX: Formation of HH HL on daily time frame. Bottom formation is done in metal index. We need to see impulsive price action to confirm for a new high as a continuation of the larger uptrend. Till then it is confirm that there should be a bounce at least in all metals. STOCKS TO WATCH: TATA STEEL (MY FAV.) , SAIL , HINDALCO , jindal steel is also about to turn, but there is a possibility of one more low
TATA STEEL_SIMPLE PRICE ACTIONTATA STEEL is following supply demand.
One can go long in this.
(FOR EDUCATIONAL PURPOSE ONLY)
TATA Steel important levels for long term investmentTATA Steel important levels for long term investment
Level 2 = 1068
Level 1 = 862
TATA Steel may be up for grabIf one sees a bullish pinbar or a bullish engulfing candle on the daily chart at 1082 levels then it may be a good buying opportunity with the target near 1250 and if it breaks 1250 then 1425.
TATA STEEL - DAILY Chart Analysis 30.11.2021TATA STEEL as per daily chart analysis has a very good support at 1042 level for its reversal and all again depends on the FII and DII. if indecisiveness will prevail in large in this december 2021 due to OMICRON or US FED then it might fall further too. Good to buy this stock at a lower price so lets see where its correction begins.
Tata steelSteel giant Tata steel is hovering around crucial levels.
A Buying opportunity can be seen around 1230 levels. Or it's gonna be a wide correction in stock till 1050-1070 levels.
Another pattern can be seen price action that is a Symmetrical triangle is in place. Thus breakout above 1370 will also trigger more upside.
Remember we have to follow the markets. Trade in the direction of markets that is "FLOW WITH MARKETS ALL THE TIME" .
Disclaimer: Only for educational purposes.
Happy trading :)
TATA STEEL - DAILY Chart Analysis 26.11.2021TATA STEEL as per daily chart analysis has taken the trendline support at 1112 level and if it breaks then next support at 1046 level and from here the stock should consolidate for the reversal. However one can see a fresh buying opportunity only after full correction completed.
TATA STEEL - DAILY Chart Analysis 23.11.2021TATA STEEL as per my weekly and daily chart analysis today have made fresh entry at 1190 level and target 1250 level. Happy Trading to All
TATA STEEL - Weekly Chart Analysis 22.11.2021TATA STEEL as per weekly chart analysis has come back to its previous consolidation phase and once it breaks 1190 level then target 1250 achievable
Breakdown on Trend line with Nifty MetalsOn the last trading day, Nifty Metals had faced the breakdown of his trendline on daily chart. Now it will take support from it's next support level at 5282 & 5169 & then 5000. Such fall in Nifty Metals will cause more panic in market and we will see more decline in price of its major contributor Shares which are Tata Steel (23.56%), JSW Steel (15.38%), Hindalco (15.18%), Vedanta (9.06%).
