Tata steel +ve move expected Tata steel breakout and retesting completed now we can expect a upside move
Tatasteel
Tata SteelTata Steel :
Weekly:
-Stock is taking support at .618 Fibo Levels
-Trading above 50 MA and also at support of lower Bolling Bands
-Also at previous support levels
Daily:
-RSI at support levels
-Stock showing signs of reversal
-Can be entered for investments purpose or positional trade
Note: The above analysis if for educational purpose only.
-CA Diptii Saeth
NCFM and NISM Certified Technical Analyst
TATA STEEL TAKING A DIP TO ITS DEMAND ZONEDetailed Analysis of Tata Steel Chart
Sector: Steel
Signal: BUY
Logic below:
TECHNICAL VIEW
- The price is currently above all the key moving averages, which typically indicates an uptrend. However, it is worth noting that the price is very close to the 50-day EMA, which can act as a dynamic support level.
Volume: 40.165M | Average Volume: 26.832M
The recent trading volume is significantly higher than the average volume, indicating increased investor activity. The presence of large red volume bars suggests higher selling pressure recently.
Relative Strength Index (RSI): 44.37
The RSI is below the neutral 50 level but above the oversold threshold of 30, suggesting that the stock is neither overbought nor oversold but is leaning towards a potential buying opportunity if it dips further.
Moving Average Convergence Divergence (MACD)
- MACD Line: 0.71
- Signal Line: 0.65
- Histogram: 0.08
The MACD is positive, but the histogram shows diminishing momentum. This could indicate a potential bearish crossover if the MACD line crosses below the signal line.
Key Levels
Support Levels
1. Immediate Support: ₹171.53 (50-day EMA)
2. Next Support: ₹170-168.80 (highlighted zone)
3. Strong Support: ₹150.69 (100-day EMA)
Resistance Levels
1. Next Resistance: ₹177.25
2. Strong Resistance: ₹183 (supply zone)
Buy Recommendation
Based on the current technical setup, buying Tata Steel near the current price level of ₹171.80 can be considered if it holds above the 50-day EMA of ₹171.53. The RSI and MACD suggest some caution is warranted, so a slightly lower entry point could be more favourable.
Suggested Buy Level
Buy Level: ₹170 - ₹168.75 (ensure the price holds above the 21 EMA)
Stop Loss (SL)
Stop Loss: ₹166 (just below the highlighted support zone)
Target Levels
1. Target 1: ₹177.25
2. Target 2: ₹183
3. Target 3: ₹195 (Fibonacci level)
Conclusion
Tata Steel is currently near a critical support level around its 50-day EMA. If the price holds above this level, it could provide a good buying opportunity with a favourable risk-reward ratio. Monitoring the volume, RSI, and MACD for any further bearish signals is crucial before entering a trade.
Summary
Buy Level: ₹170 - ₹168.75
Stop Loss: ₹166
Target Levels: ₹177.25, ₹183, ₹195
Bottom Fishing - TATASTEEL📊 Script: TATASTEEL
📊 Sector: Steel
📊 Industry: Steel - Large
Key highlights: 💡⚡
📈 Right now RSI is trading at 32 stock came out of oversold zone, one can go for Bottom Fishing.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 160
🟢 Target 🎯🏆 - 174
⚠️ Stoploss ☠️🚫 - 151
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
Happy learning with trading. Cheers!🥂
TATA Steel LtdImportant points are marked in the chart.
*Do own research before investing in Equity market.
Why Metal sector seems strong?CNX Metal tested major resistance, if it breaks it then Metal stocks can see good moves.
Recovered fully from 4th June carnage candle. As simple as that.
Prakash Industries, setting up from strong sector-One simple horizontal line setup
-Volume kicking in
-Strong Sector
-Iron n Steel (Metals)
-Signal candle (white dot, when more than 5% move with more than 1M volumes) suggesting big players are buying
TATA STEEL - 13 years resistance BO & retest! (CASE STUDY)Price observation & Overview:
1. One more example of how simple things work beautifully if observed carefully.
2. Currently, it has the potential to touch 200.
3. No new entry, if holding continue to hold.
4. Earnings are weak!
Weekly TF:
- Stay tuned for further insights, updates and trade safely!
- If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading!
Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing.
Thanks & Regards,
Anubrata Ray
TATA STEEL FOR SHORTMy view on this script bearish .
Ofter tight consolidation it gives strong breakdown with good volume.
Target 1 :178.47
Target 2: 177.37
S L :181.16
Entry :179.99
IRB Infrastructure Investing LevelIRB Infrastructure stock has successfully shattered a two-year-old trendline, setting the stage for a potential surge towards the 150 level. I've also outlined a secure target, with all pertinent levels detailed on the chart. The future of IRB Infrastructure appears promising with this breakout, presenting an optimistic outlook for potential gains.
Tata Steel looks bullishFibonacci trend shows above 178 creates strong bullish towards 200 for short term.
Best support at 173
Please do your Own analysis before trading.
I just share my view.
Nifty witnessed correction for 4th straight sesion Nifty remained in negative trend in today's session & closed near 22700 level
Market continued with its correction phase for another session
Investors seek to book profit in Mixed Global cues & ahead of imp US PCE Core data.
A Bearish candle is formed on daily chart
The imp upside hurdle is placed around 22850/900 level
whereas downside support is around 22600 zone
Track for price to form Price Action Patterns at Imp Levels,
However market may show volatility during the last phase of elections
Keep Tracking Charts
*For Educational Purpose
Learn & Practice Price Action setups
TATA STEEL FOR LONGMy view on this script is bullish
Ofter strong rally its on consolidation and makes wedge pattern .
Strong Breakout with Retest with Volume
Double Moving Averages Crossover Swing Trade📊 Script: RAILTEL
📊 Sector: Telecomm-Service
📊 Industry: Telecommunications - Service Provider
⏱️ C.M.P 📑💰- 433
🟢 Target 🎯🏆 - 475
⚠️ Stoploss ☠️🚫 - 415
📊 Script: TATASTEEL
📊 Sector: Steel
📊 Industry: Steel - Large
⏱️ C.M.P 📑💰- 174
🟢 Target 🎯🏆 - 183
⚠️ Stoploss ☠️🚫 - 170
📊 Script: SUZLON
📊 Sector: Capital Goods - Electrical Equipment
📊 Industry: Electric Equipment
⏱️ C.M.P 📑💰- 44
🟢 Target 🎯🏆 - 48
⚠️ Stoploss ☠️🚫 - 42
📊 Script: ADANIPORTS
📊 Sector: Marine Port & Services
📊 Industry: Miscellaneous
⏱️ C.M.P 📑💰- 1385
🟢 Target 🎯🏆 - 1454
⚠️ Stoploss ☠️🚫 - 1361
📊 Script: MTARTECH
📊 Sector: Aerospace & Defense
📊 Industry: Engineering
⏱️ C.M.P 📑💰- 2110
🟢 Target 🎯🏆 - 2231
⚠️ Stoploss ☠️🚫 - 2046
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
Happy learning with trading. Cheers!🥂
TATASTEEL ASCENDING TRIANGLE BREAKOUTTatasteel breaking ascending triangle
with good volume and rsi
macd crossover
#swingtrading
#target178
EDUCATIONAL IDEA
Tata Steel capped upsideAs the Momentum indicator suggest that momentum is capped now. And it has a book value of 82/- which is like 50% less than the current price. Usually steel shares trade near book value. The fundamentals are opposite to the movement of stock currently. Wait for the q4 results for any decision
TATA Steel Bullish long timeframe As per my previous analysis as you can see after taking retrace at 115 level it take a bullish move.
Now you can add more position at the range between 156.90-153.55 . As I'm expecting price will come here once .
Our Support :147.35
TATASTEEL Analysis & PredictionThis is the analysis of TATASTEEL in the weekly Time Frame. Watch carefully. The chart explains itself.
If it breaks and sustains above the upcoming resistance level, it is good for the stock.
There are some prediction levels. These Levels act as Support and Resistance according to position of price. You have to trade according to level breakout or breakdown.
Always maintain your risk management.
Book your profit according to your “STOMACH”.
Disclaimer:
This is not investment advice. I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult your Financial Advisor before taking any decision or trade.
Happy trading.
About TATASTEEL :
Tata Steel Ltd. is a holding company, which engages in the manufacture of iron and steel products. It operates through the following segments: Agriculture, Automotive Steels, Construction, Consumer Goods, Energy and Power, Engineering and Material Handling. Its products include Automotive Steels, Galvano, Tata Agrico, Astrum, Bearings, Pipes, Precision Tubes, Shaktee, Steelium, Tiscon and Wiron. The company was founded on August 26, 1907 and is headquartered in Mumbai, India.
TATA STOCK - TATASTEEL📊 Script: TATASTEEL
📊 Sector: Steel
📊 Industry: Steel - Large
Key highlights: 💡⚡
📈 Script is trading at upper band of BB.
📈 MACD is giving crossover .
📈 Double Moving Averages are giving Crossover.
📈 Right now RSI is around 62.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 155
🟢 Target 🎯🏆 - 167
⚠️ Stoploss ☠️🚫 - 150
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
Happy learning with trading. Cheers!🥂
TATASTEEL LONG IDEATATASTEEL looks good
Fresh breakout is confirmed in weekly chart. It is in retest, can be a good trade if planned properly.
Weekly & Monthly Stoploss is given.
Tata Steel - Breakout StockThis is looking bullish and also fundamentals & external factors are also supporting. Do watch
Tata Steel Analysis!Tata Steel Daily Analysis
Symmetric Triangle Pattern Formation in Tata Steel
Tata Steel has made Symmetric Triangle Pattern. I did all analysis on the daily Timeframe chart and also metioned Projected profit over there. Symmetric Triangle Pattern is a continuation pattern. So i am waiting for the clear Breakout / Breakdown . As price gives Breakdown / Breakout we can initiate our trade in this way.
Keep an eye on Tata Steel and wait for which side it will give Breakout / Breakdown!
CNXMETAL - Just a View📈Keep an eye on Nifty Metals Index .
📈On 13th Feb Index has formed hammer candle which indicates trend reversal.
📈Metal index has taken support on trendline as shown into chart and started moving upwards. 📈Index has made triple top and triple bottom pattern on daily chat. We may see bullishness till 8348 level.
📈Stocks to watch into Metal Sector are as follow: -
📊 Script: SAIL
⏱️ C.M.P 📑💰- 125
🟢 Target 🎯🏆 - 142-150
📊 Script: TATASTEEL
⏱️ C.M.P 📑💰- 141
🟢 Target 🎯🏆 - 147
📊 Script: JSL
⏱️ C.M.P 📑💰- 599
🟢 Target 🎯🏆 - 615
