Tatasteel
🎯 #tatasteel #niftymetal #nifty #nifty50 #bankniftyNSE:TATASTEEL
short this stock if fine reversal at harmonic PRZ. for that you must have knowledge of reversal then only trade on my charts please.
******whatever charts or levels sharing here are just for educational purpose only not a recommendation. please do your own analysis before taking any trade on them. we are not SEBI registered.
Tinplate at FingertipS💰💰✔✔ Buy @ 160-69 range
trgt 192💚210💚257
sl below 145🤨🙏
Reasons for this buy
🧩🧩technically promising chart.
🧩🧩good q3 & q4 published.(Tinplate Company of India standalone net profit rises 107.08% in the March 2021 quarter)
🧩🧩Y-O-Y profit increaing gradually even the previous pandemic.
🧩🧩low debt company,therefore they offer good dividend returns
🧩🧩Current price is less than the intrinsic value
📍📍almost good but one factor disappointed me .In last 2 years, promoter holding in the company has almost stayed constant.📍📍
day frame chart👇👇
✔ about the company
💢The Tinplate Company of India Limited is a producer of tin coated and tin free sheets. The Company manufactures various grades of electrolytic tinplates, tin-free steel sheets and full hard cold rolled sheets (FHCR) used for metal packaging💢
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[positional] Ultracemco Long.....[other up trending stocks]UP trending stock under consolidation
buy above 6960
target of 7523-7920
SL below 6000
good volume in uptrend
and currently under consolidation phase with decreasing volumes
Other stocks are
1.sail
2.tatasteel
3.tataconsumer
4.tatachem
5.upl
6.Dr. Lalpathlab
TATA STEEL - Cup and handle + RetestTravelling in a Parallel Channel.
Along the way it formed a Cup and Handle pattern and most importantly it broke out with good volumes.
Retested back to the line of least resistance and is now all set for anew journey.
All this is happening at the bottom of the Parallel Channel is great for the stock to head back to the top of the Channel.
Low Risk and High Reward