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Tatasteel

TATASTEEL breakout on the way.I had earlier posted an idea on TATASTEEL on 13th June which was closed at cost. TATA STEEL has been in an uptrend, continuously forming higher lows. After the recent complex pullback, it seems rested and ready to move forward and challenge its highs and possibly make new ones. It has formed a continuation candle at the 20 EMA and is moving towards its all time high with above average volume. A trade can be taken with the following levels in mind. LONG ABOVE : 1250 STOP LOSS : 1188 TARGET 1 : 1312 TARGET 2 : 1374 Initiate trade only if it maintains above the "long above" level for 15 minutes. I will update the idea as the trade develops.
NSE:TATASTEELLong
by Tradeception_
TCS TRIPLE TOP PATTERN A triple top is formed by three peaks moving into the same area, with pullbacks in between. A triple top is considered complete, indicating a further price slide, once the price moves below pattern support. A trader exits longs or enters shorts when the triple top completes. If trading the pattern, a stop loss can be placed above resistance (peaks). The estimated downside target for the pattern is the height of the pattern subtracted from the breakout point. How a Triple Top Works The triple top pattern occurs when the price of an asset creates three peaks at nearly the same price level. The area of the peaks is resistance. The pullbacks between the peaks are called the swing lows. After the third peak, if the price falls below the swing lows, the pattern is considered complete and traders watch for a further move to the downside. The three consecutive peaks make the triple top visually similar to the head and shoulders pattern; however, in this case, the middle peak is nearly equal to the other peaks rather than being higher. The pattern is also similar to the double top pattern, when the price touches the resistance area twice, creating a pair of high points before falling.
NSE:TCSLong
by SATYAM5256
NIFTY METAL ABOUT TO GIVE BREAKOUT. TOP PICKS TO RIDE THE RALLY.NIFTY METAL IS ABOUT TO GIVE A STRONG TRIANGLE BREAKOUT AFTER CONSOLIDATION. Top 3 picks are: 1) Tata Steel: Tata Steel shares have rallied 240% in the last one year on the back of rising steel prices. Tata Steel deleveraged its balance sheet. The company repaid Rs300 billion of its net debt in the last financial year. In its latest quarterly results, the company reported better than expected numbers on the back of improved realisations in the domestic market. The rally is going to resume in coming days. 2) SAIL: Shares of SAIL have been up almost 300% in the last one year. As the largest producer of steel in the country, the company was the beneficiary of soaring steel prices. With steel prices at a record high, the company is poised to post its best-ever EBITDA. 3) Hindustan Copper: Riding on the back of buoyant copper prices, Hindustan Copper (HCL) shares have jumped 330% in the last one year. HCL is the only vertically integrated copper producer in India engaged in a wide spectrum of activities ranging from mining, beneficiation, smelting, and refining. Goldman Sachs have both said copper prices could hit $15,000 a tonne in the coming years.
NSE:CNXMETALLong
by Chinmayonniftyy
Tata Steel - Flag pattern🔴DISCLAIMER ***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ****** Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout) After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
NSE:TATASTEELLong
by PrakWorld_Traders
TATA STEEL LOOKING BULLISHTATA STEEL(D): Bullish penant breakout candidate, trading above 20 & 50 day EMA (shot-term)Bullish, RSI indicating price strength, macd is above center, ADX & MFI are very bullish. Chart is self-explanatory. I am not an expert, i am still learning. In the fast few months i have been analyzing/ practising charts in my leisure time, as we know practice makes a man perfect. If there's any mistake in this chart, do let me know, i am ready to learn from my mistakes, if you love it, do like it, as it will boost my confidence.
NSE:TATASTEELLong
by Chinmayonniftyy