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Tatasteel

TATASTEEL: Going to be all time high!The stock has been affected due to ADANI Enterprise fall and nifty100 as well as nifty metal also sipped from their highs. T.Steel is retesting its Critical demand zone. RRR has shown in the chart for best entry wait for to form the higher highs in 5min candlestick Points to be Note (Technicals + Fundamental) 1. Cup and handle formation. 2. Plunges with casual risk or news and index 3. Above from Critical Demand zone and retesting the levels 4. Company profit is increased from YOY 2020 and still -9% from YOY 2019 5. P/BV is high, the Debt ratio is high, PE is high. 6 Due to ratio diversions still sales edge over its peers make a sense to hold for the long term. 6. Sales have been increased impressively 7. Demand in the auto sector will move the metal in the next few weeks Let me know in the comments what are your views on this! NSE:TATASTEEL
NSE:TATASTEELLong
by rajveerscolia
NIFTY METAL: THE PARTY IN METAL STOCKS HAS JUST BEGUNMetal rally is not over it is a temporary blip. Reasons why the rally in metal stocks may not end so soon: 1) As there is a strong demand for metals, the supply chain is not yet fully in place and there is an expectation of a super cycle, the party in metal stocks has just begun. 2) The global economic data is very strong. Once the second wave is over, then India’s recovery would also be strong. Eventually, we will see the market following global trends. 3) Chart looks very promising to me. Look at 20 DMA, it is acting as a major support. RSI is forming a higher base,which is a sign of big bullish momentum. Rest is self-explanatory. Not everyone is equally bearish on the metal stocks. I believe the correction in prices is temporary and will not last. My favorite picks: TATA STEEL, SAIL, JSW STEEL, & JINDAL STEEL.
NSE:CNXMETALLong
by Chinmayonniftyy
1
FY21-22 Swing Trade Idea #86: Long on TATASTEELThis is a public swing trade idea (other private ideas accessible through website) and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. We would comment on any further updates on our entry, targets and stop-loss on this idea, so make sure to follow if you want to get further updates. Our objective to help anyone who wants to learn technical analysis using charts. You can post your queries in comment section here and we will try to answer asap.
NSE:TATASTEELLong
by onerighttrade
M&M YUM & YUMTake trade as per the values given in Fibonacci. always trail the stop loss. do your own analysis before taking trade Check these Upcoming ideas - STILL ACTIVE Check these successful trades & approach on Britannia , Mothersonsumi , DLF , Biocon , Daawat , Infosys , HBL power , HDFC life , Hind ZINC given below If you like my analysis do like & follow me as a token of appreciation. If you have any queries on any stock let me know. Leave a comment that is helpful or encouraging. Let's master the markets together
NSE:M&MLong
by thestockengineer