Tatasteel
TATA STEEL PRICE ACTION ANALYSISTata steel's price has taken a drastic fall today. The price is near the demand zone set by the XABCD bullish bat pattern.
If the price bounces off from the demand zone, we can go long and consider targets mentioned on the charts.
The stop loss level mentioned on the chart is technically sound support, if this level is broken, the fall could be drastic and can continue. If you are a risky trader, consider holding until 1070.
Happy trading :)
This is just for educational purposes.
Tata Steel Buy On ZoneBuy At CMP 1100-1114
Stop Loss 1050 (CLOSING BASIS)
HEY TRADERS,
THIS PREDICTION IS BASED ON A HARMONIC PATTERN AND THE HARMONIC PATTERN IS 100% ACCURATE AND10000% RISKY BECAUSE IT IS AGAINST THE TREND METHOD...
HOPE YOU ALL FIND SOME VALUE Here...SO, DON'T FORGET TO LIKE AND SHARE THIS POST. DON'T FORGET TO SUBSCRIBE.
COMMENTS WRITE DOWN BELOW OF THIS Chart...
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~Disclaimer: "I Am Not Sebi Registered Advisor" All views and charts shared in this terminal are purely for knowledge and information purposes only.
TATASTEEL: Starting a Bearish Trend"
TECHNICAL ANALYSIS OF NSE:TATASTEEL
The LAST CLOSE PRICE of NSE:TATASTEEL is 1113.4 . The PARABOLIC SAR is showing the BUY SIGNAL with TREND as UPTREND . The FIBONACCI LEVELS analysis shows that the CLOSEST FIBONACCI LEVELS is 0.618 at the FIBONACCI STOCK PRICE LEVEL of 1162. From here, the Key Support and Resistance levels are SUPPORT 1 at 250.07, SUPPORT 2 at 1097.45 with RESISTANCE 1 and RESISTANCE 2 at 1172.3 and 1205.3 respectively. The Key 50% FIBONACCI LEVEL stands at 1148.55 which is the crucial Fibonacci Level determining whether the scrip will maintain the trend or not.
The STOC RSI has the values K and D as 35.5 and 22.96 respectively. At this level it the status is WITHIN OVER BOUGHT AND OVER SOLD RANGE. When we look at the Moving Averages, MACD is the crucial indicator to look into. With MACD VALUE at 11.42 and 5 at 15.12 along with HISTOGRAM showing values of -3.66, the STATUS is clearly BUYING CROSSOVER.
The best indicator to determine the Trend Reversal is FISHER TRANSFORM and currently the values of FISHER and TRIGGER stand at -0.41 and -0.69 with DOWNTREND as UPTREND. A very important factor while making the investment is to see if there has been already too much of Buying or Selling, and that are we entering too late into the transaction or not. Thus, with WILLIAM's R% value at -0.1659 the STATUS is OVER BOUGHT.
No one wants to buy costly things, and thus always look for the bargain or appropriate price levels to buy things. Same applies to Stocks, however the only exception would be some Hot Stocks that one wants to have any price. Looking at this perspective, the P/E RATIO of the stock stands at 18.71 which signifies its Price Level to be AVERAGE.
>>> RECOMMENDATION is : BUY ."
Disclaimer:
The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We would not be responsible for the profit/loss resulting from this analysis.
TATASTEEL Intraday analysis and setup🎇Hello Traders👋
Today i have made a post on TATASTEEL 15M
I hope you find this post helpful and informative👍
The targets and stoploss would be given in the charts or they would be according to pivot points
Thank You
—DISCLAIMER—
I am not a SEBI registered financial advisor
Please consider your consultant's advise a must , all the setups posted here will be considered as informative and helpful post
I shall not be responsible for your profits and losses
TATA STEEL PRICE NEARING A SUPPLY ZONE.Tata steel price is near the XABCD bearish pattern's potential reversal zone. From PRZ the price could make a correction or breaking of the PRZ could lead to a short-covering rally.
For new long entrants, wait for one of these scenarios. The levels and the stop loss point are mentioned on the chart.
Happy trading :)
Only for educational purposes.
TATASTEEL HIGH PROBABILITY SWINGAfter a long fall in metals , they are recovering fast!
Tatasteel has 2.80 percent gap made when it faced a big gap down. This gap can be exploited and easy profits can be made as the gap will surely be filled.
T1 is the main target in the trade and other targets can only be chased if the stock gives closing above T1 .
Tata Steel: Channel trade potential for September seriesTata Steel
- We observe Tata Steel trading in blue channel from 03 May to mid July
- currently it is trading in mirror image red channel
- RSI is between 40-60
Tata Steel could likely be revolving in the red channel for September month
For Cash buying any dips towards 1245-1260 may be considered as good entry level
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Given the set up, F&O strategy suggested for Tata Steel: Short Strangle
It involves selling both Call and Put option simultaneously
Sell 30 September expiry 1500 Call option
Sell 30 September expiry 1260 Put option
Combined Premium receivable approximately 42
Max profit potential in strategy Rs 35700/- per lot (11% yield potential)
Loss in strategy, if Tata Steel closes above 1542 or below 1218 on 30 September
Take care & safe trading...!!!
Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
Simple EWT countI am not SME on EWT. This is just a guess work. I have used Fibonacci to count waves . I am considering 3 rd wave as extended wave which ended near 4.618 projection of 1. As 3rd is exteded , so 5th May terminate within 0.50-0.618 of 3rd. If that happens then we may see price getting pullback to the bottom of larger 4th wave.
Disc : it's not an investment advice to buy or sell
Long Tata Steel BSLTata Steel BSL
NSE:TATASTLBSL
Cmp - 93
Stop - Nil, Add more on relevant dips
Expectation -
T1 - 450
T2 - Open, Review at 450
Expected Holding Period - 2 years or earlier for T1
Technicals - ✅
Fundamentals - ✅
View:- Investment
Disclaimer:-
Ideas being shared only for educational purpose
Please do your own research or consult your financial advisor before investing






















