Tatasteel
Cup and Handle Pattern in TATASTEELCup and handle pattern is formed in TATASTEEL watch for a breakout.
if it breaks the 690-695 resistance zone then T1 would be 720.
*only for educational purpose
Inverse Head and Shoulders Pattern Breakout in TATASTEELIn today's trading session TATASTEEL did breakout of an inverse head and shoulder pattern. After this breakout it corrected till breakout level and again bounce back and continue its rally towards the projected target. Expected we will get 730+ target in TATASTEEL in the upcoming trading session.
Tata Steel 700 🔜 I’ve been tracking and recommended this stock since 340 level. It has almost doubled in the span of 6 months.
I’m still bullish with this stock and have potential to touch 700 again.
A clean head and shoulder pattern at the top and at every bottoms there’s buying.
SellSell for 680 with sl above 721.
Only 3-4 sessions weakness.
Expect overall to move up till the time 640 is maintained on daily closing basis
Disc : it's not an investment advise to buy or sell
January Expiry Jackpot Tatasteel !!TRADE SETUP !
CHART PATTERN !
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
Wait for entry setup, if available then Long/short.
TATA STEEL : READY for TERMINAL ThrustBuy TATA STEEL above 715 keein sl of 706 for the target of 725/745/755
TATAPOWER BROKEOUT !!!!!POSITIONAL TRADE !!!
TATAPOWER brokeout of a CHANNEL , Best buy is around 78.65-72.25 . for positional trade , can exit around 134.6-145.35 . GOOD FOR LONG TERM INVESMENT .
Keep addingTata Steel looks good for 790-800 and in optimistic case can cross 1000+ levels. Holding 585 on daily closing basis is the key. 650-670 is the support' zone to look for entry opportunity.
Disc : it's not an investment advise to buy or sell
Tata Steel Taking a U-TurnFrom here onwards we can expect an upward move in Tata Steel as RSI divergence data looks positive and formation of a rounding bottom can be predicted. One can go Long from here.
METAL NIFTY Monthly Chart AnalysisI wrote an idea earlier on TATASTEEL and my opinion of the same using the monthly chart.
Here, I've used the monthly chart of NIFTYMETAL which in my opinion is bullish at the moment. Even though, I am posting this idea in order to further my discussion presented in the TATASTEEL idea but have done as much justice possible to the NIFTYMETAL monthly chart and have drawn a self explanatory chart.
Bullish claim reasons:
1. NIFTYMETAL fundamentals strong and are expected to become even stronger in the near as well as far future.
2. The current rally is supported by the rally in NIFTY and has shown a bullish momentum so continued riding is a possibility.
3. RSI bullish, should test the resistance line.
4. MACD bullish, recently had a crossover, histogram in rising stage.
Level Analysis:
1. The CMP is 3529, the 3525-3530 is a resistance zone and might be broken in the current rally.
2. The first level opening up is then 4000 which is a strong resistance.
3. Then a move towards 4250 which is a multi-year high can be seen. It may act as a relatively weaker resistance.
Over-all I'm bullish, but,
Risk introducing aspects:
1. Dollar index might give long side breakout at the 90 level which would have a negative effect on NIFTYMETAL as explained in the TATASTEEL post.
2. NIFTYMETAL is currently at resistance and a pull back is always a possibility.
3. RSI is in the overbought zone though it is respecting it.
Other Positive Points:
1. Metal demand all over the world is increasing and a subsequent increase in supply is anticipated in the near and far future due to the anticipated pace of the revival from the pandemic.
2. Interest in the metal sector stocks has been increasing for the past few days evident from the increase in volumes and increase in quantity traded.
3. GST collection at all time high, supportive of the metal industry.
Trade Executed: Bought TATASTEEL 800CE January expiry @7, CMP @5.1
Opinion on trade: Entry was a little early.
Trade further aim: Exit needs to be timed better.
All comments and clarifications are more than welcome.
Post only for education purposes.
TATA STEEL CAN GIVE GOOD MOMENTUM ABOVE 650 LEVEL (BULLISH) Tata Steel Gave Great Breakout in previous Trading week, with massive volumes,
Now, it can be continue its Bullish Journey if it's sustain on 642, (That is 78.6% Fib Level) ..
Target 1 : 690
Target 2: 750
NOTE: Its 1W (WEEKLY TF) That Means Above Predictions Can Be Right In 3 to 6 Months.
Feel Free To Ask For Any Technical/Fundamental Query
Comment Down Below
Educational Purpose Only.
UpOne upmove towards 660-670 is due. Expect it in next 3-5 sessions.
Disc : it's not an investment advise to buy or sell
Intraday setup in Tata steel 30 Dec 2020If it sustains above buyzone 1 then we can expect both the upper targets in short time.
