Tata Steel is following a downtrending trendline zone and Support are tested several times.
So, If this trendline gets upside breakout then this is end of downtrend however closing above 1245 levels will be secondary confirmation.
This is a trade to watch out very carefully as it is going to give a nice risk reward.
TATA STEEL Trade Plan and Levels for Tomorrow..
Trade easily with BUY / SELL Signals...
We can expect TATA Steel to Open Gap up tomorrow. As per technical its BULLISH Trend and the Sentiment also POSITIVE.
CPR will be key Support to go Long.
You can refer the chart for Resistance and Support levels.
Happy Trading!!! :-)
Disclaimer : The idea is purely for...
hi guys ,
Chola finance is clearly breakout of resistance of 668 , so Buy in current level - 681 level and Target is 735 - 740 .
please comment on this idea what is your opinion .
SUMMARY:-
*stock is trading in the range
*range exist from 1060-1240
*200-sma on the approach
*either we sell on rise or buy the breakout
*in each case 200-point trade is on the cards
"KEEP IT ON WATCHLIST"
Note:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
3. Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns...
3. Views given here is not a tip rather it is for educational purpose... Aftermarket...
Tatasteel has been in a constant downtrend for making lower highs and lower lows for the past 6 months.
This seems to a reversal point and a start for an uptrend.
1.Reclaimed the flip level.
2.Crossed 200 ma.
3.Broke the counter-trendline.
4.Gave a rally after making triple bottom last week.
It would be better if we see a consolidation before the rally
Buy...
SCRIPT : TATA STEEL
-------------------------------------------------------------------------------------------
Swing trade : SL can of 1040, for the target of 1250/1360/1430/1500++
Reason : Triple bottom, good demand zone 1080 levels (see the previous breakout with good volumes)
>> NOTE : I’M NOT RESPONSIBLE FOR YOUR PROFIT AND LOSS
I’M NOT A SEBI...
This is the channel on tatasteel which i can spot i m waiting for breakout and retest if it happens then it could be possible good swing trade opportunity...guys please do your own analysis before taking trade.
tatasteel daily timeframe can we expect swing...for this setup we need breakout and retest for long term as it is on daily chart it might take longer time to reach the top...
As always guys this is my forecast this is not sureshot trade, please do your own analysis before taking trade.
I hope it will help. please let me know in comment section what do you think...
As we can see TATA STEEL is on the verge of trendline break. We can go by keeping our sl below the breakout candle. Targets are mentioned in the chart itself.
We can expect an awesome upward move from the /steel sector if tata steel sustains above 1249 level , considering it's blockbuster results, let's hope FII's become net buyers else this breakout will be useless.
#TATASTEEL has completed an A-B-C correction into the 200 DMA support and has rallied off the level.
The down move has also been within a contained channel and is about to break out.
A good entry point will be the break of the upper channel , targets in wave 5 will range from 1570 to 1870 levels
Look for a risk containment at the recent lows of 1248
In general,...
#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
Disclaimer- We are not SEBI registered advisor.
Charts and views are only for educational purpose.
#NSE #NIFTY #stockstowatch
