Tatasteel
SHORT - TATA STEELExcellent Shorting opportunity in NSE:TATASTEEL ,
as metal sector looks weak for next few weeks, it will be safe initiate a short trade in TATA STEEL.
ENTRY : Below 1220
SL : 1270
TARGET : 1180/1130/1100
NOTE :This post is just for educational purpose. Do consult with your financial advisor before taking any trade.
Thank you.
Tata Steel - Did you buy the 'Good News' ?
TataSteel -
NEWS - Results on 11 Nov, highest ever quarterly profit.
Expectation - Strong buying and big trending move.
What actually happened ? - Fall from 1340 to 1271, down 1.3 %.
As usual news channels hype the results, so called 'analysts', big players declare it the best thing ever.
Those unaware of the game buy this fake hype, they buy at open.... and who is selling at the other end ? YES.. many of your favorite analysts, big players who were telling you to buy just a day earlier.
Harsh reality of markets-
1. News channels actually know nothing.
2. Big players are not here to do any favor to you, they have become big from money of people like you and me.
Sooner we realize this sooner we will be on the right path.
Tata Steel futuresTata Steel has a huge call writing in 1300 ce. This can mean that the prices might not breach 1300 easily. Also, 1400ce has the second highest call writing volumes.
Tata Steel futures
CMP:- 1303.00
SL below:- 1280.00
Targets: 1375.00 / 1400.00+
Uptrend is prominent in the hourly chart and RSI too has shown a reversal. The results are expected to be really good.
Can buy at current levels.
TATA STEEL BSL - Swing tradeTATA STEEL BSL - Swing trade
Triangle breakout with a bullish candle along with volume breakout as well.
RSI bullish divergence.
Hold for targets :)
#USHAMART USHAMART #RELIANCE #NIFTY #BANKNIFTY #IT #IOT #STEEL #USHAMART
Usha Martin Ltd.
NSE:USHAMART
NSE:USHAMART
CMP: 97.75
Short term quick target 107+
Long term higher expected.
SL: 89
Duration < 1 month
Factors:
BULLISH WEDGE BREAKOUT
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
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With 💚 from Rachit Sethia
Tata Steel - Triangle Pattern in the making?Will it turn out to be a triangle pattern breakout?
Note: Educational purpose only.