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Tatasteel

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.
NSE:TATASTEELEducation
by NaveenGr
6
#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. If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations. With 💚 from Rachit Sethia
NSE:USHAMARTLong
by Rachit_Sethia
Swing SetupEXPLANATION : This is a 1 hour time chart of TATASTEEL . I am seeing a very good buying and selling both side opportunity in TATASTEEL because of many reasons . It has taken support from demand zone . If give a strong breakout and broke its trendline resistance with volumes . I am bullish on this stock for the coming days , we buy at the bottom and sell at the top . If give a strong breakdown and broke its demand zone with volumes and has retested the same. I am bearish on this stock for the coming days @1190 & @1130 . Enter as per your setup . If you like the analysis give a Like // Follow for more updates , let me know in comments below :)
NSE:TATASTEEL
by pranav_nanavare
TATA STEEL SHOWING A BREAK OUT SIGN!Tata steel stock price has fallen in recent times. However, the price is showing bullish signs now. The volumes are increasing and the price is nearing a breakout. The overall metal index showed a bullish sign. The XABCD bat pattern sets a supply zone/ PRZ which has to be taken out to make a new all-time high. Start booking the profits from the supply zone and trail until the all-time high is broken. The short-covering moves can take the price to the ultimate target set by the XABCD bearish crab pattern. The breakout, stop-loss, and target levels are mentioned on the chart. Happy trading :) This is just for educational purposes.
NSE:TATASTEELLong
by Sanjan91
5
Simple Trade Setup | TATASTEEL | 21-10-2021 [ INTRADAY]NSE:TATASTEEL Observations: Let's first take look at NIFTYMETAL. --> On daily time frame, if we apply FIB retracement only on recent uptrend move then we can see that today's candle took support from 61.80% level range. Please refer below chart : 1day Time Frame. --> On Daily time frame again, if we apply FIB Reracement on a bit longer uptrend move then we can see that today's candle is still above 38.20% level range. And seems like it tried to test the previous breakout level of 5900/5905. And took support from that range. As far as metal index is above this 5900 level range it has still possibilities to continue bullish move. Please refer below chart : 1day Time Frame. ------------------------------------------- Now let's take a look at TATASTEEL. 1) On 1 day time frame, it managed to close above 10DMA. 10DMA is placed at 1336.31. which will be immediate support at this moment. Also if we apply FIB retracement for recent uptrend then we can see that today's candle took support from 61.80% level of FIB level. If it sustain above it and breakout 1363 level range then it will be bullish again. Please refer below chart : 1day Time Frame. ------------------------------------- Trade Setup for Date 21-10-2021: 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level. 4) Avoid gap up or gap down chase. Wait and trade between levels. Please refer below chart for levels. Hope I made it easy to understand it. Do comment your doubt or suggestion. Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
NSE:TATASTEEL
by Trading_hawk
1