Tatasteel
TataSteel - Technical AnalysisAs per one hour chart Basis
my opinion on tatasteel down to 580 within days or weeks
Reassn : 3 swings are completed and retest is almost finishing so correction wave are already starting
Minimum retrace of swings 23.68 percent s 580 so becare friends
Tata Steel good chartSo multiple things to note here in Tata Steel:
1. The blue trend-line shows that the stock took multiple resistances at the trend-liine.
2. The black line is the resistance point.
If the resistance is broken decisively, go long in the stock. The stock is also backed by great brokerage reports.
Like and follow.
NSE:TATASTEEL
TATAMOTORS BULL RUN CONTINUES !!! took support in D timeframe ,
1) 176.25-175.3 levels are best buy .
2) if 176.25-175.3 levels are broken in 4H timeframe , do not enter .
TataSteel Technical Analysis for Intraday - 14 december 2020As per chart wave basis
monday morning it will go up slightly may be 625 and more but wick only move for 15 minitues and close will be low like previous ultimate high
then it move to down 616 to 610 ( correction 3rd wave )
total correction end this stock should down to 580 to 570 as per wave basis (within 10 to 15 days or suddenly) after it will boom to upward
minimum this stock touch down to 581
some retracement and stop loss playing may be occured (stoploss hit by wicks play)
this is for your awarness education purpose only so Becare
if it is useful for you just share and like it
BuyBuy Tata Steel at 618-622 sl 602 TGT 1- 647 , TGT 2 - 660
Disc : it's not an investment advise to buy or sell
TataSteel Technical Analysis - monthly chart baseAs per month chart
wave 3 is almost finishing so 4th wave is started to downside (Short side)
anyway stock to minimum down to 537 within months may be down to 490 sometning
furtherly stock may down to step by step as logic so friends Becare
it is Educational purpose only
TATASTEEL CONSOLIDATING 30MTATASTEEL is currently showing a correction. It is healthy to have a correction after a bullish rally & it offers more chances for the share price to go up. You can add TATASTEEL to your watchlist and monitor it. You can initiate a positional trade when it gives a breakout. Enter the trade after price crosses the high of the breakout candle and keep your SL on the nearest swing low. Risk management is the key so you should keep your SL in place & keep trailing your SL tightly to maximise your profits. Happy Trading!
Flag and Pole pattern in TATASTEELTATASTEEL has formed a flag and pole formation. It has the potential for a huge move on the upper side.
The pole was a move of almost 50%. Soon after breakout, it could give another move of 50% and test its all time high of around 900.
Could be a good buy and more quantity can be added on dips.
Tata Steel Intraday and Week LevelsAs per Day Chart,
5th wave is completed so today it takes retest to previous high(close)(627) then tatasteel comes down to 577 (may be within weeks)
Intraday (8 dec 2020) - above 614 to 627
tatasteel small retracement is started so once the reach retest(627 and wick above ) it down to 577
now it takes correction
so friends Becare
#tatasteel - an amazing rallyPersonally this won't be my entry, will look for proper setup. You can trade as per your risk management and trading method.
Regards
TATASTEELTECH-
Enter the retrace / breakout
target - 638
Fundamental -
strong q2, MOU with Hindustan zinc.
Infra boom.
End of tunnel ?Tata Steel looks to have reached near the end of current upmove. 648-660 is the zone where we might see some profit booking.
Disc : It's not an investment advise to buy or sell.
