#Tatasteel Long (08 Feb)
RSI- 61
Took support at Triple bottom chart pattern
Now crossed all moving averages
Buy at CMP- 1218
SL- 1165
Target- 1360, 1415
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Charts and views are only for educational purpose.
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Sail is ready for breakout if it breaks the trend line could be in a week.
Ready to break out in daily chart as well.
Break out trend above 108.
Good support from current budget for steel sector.
Other steel stocks like NMDC and tata steel broke out. Waiting for Sail to sail, current range has anchored in 100 range.
Note: This is only for educational...
Sail is about to break the trend line in another days.
If it crosses 109 then there is a clear breakout confirm it will come out from the down trend.
For clear breakout expecting a long green candle with open and close above 109.
Note: This is only for educational purpose not a recommendation, please consult your financial advisor before investing.
TATASTEEL potentially looks good to go back into bull run ,1065 zone is acting as strong support .
1. As 1065 is an acting support we can see that there's transition comming into picture( bull's are making their entry)
2.On 27th a bottoming tail candle with volume spike was seen ( in 1hr) which means seller's are less and bull's taking control + it was at its...
1160 is last hope in this stock and after candle closes below upper red line in 4 hour timeframe it will crash till 780 good luck
invest at your own risk
supporting Fibonacci Ret @ 50% after huge profit booking on last trading day. On Monday will again break resistance.
Follow chart detail for study purpose only.
head 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 (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...
TATASTEEL 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 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...
