Tata Steel is forming a Symmetrical Triangle Pattern and as per expectation it should give a breakout from 113. Based on the pattern, one can enter after the breakout above 113 and a target can be set around 194 with Stoploss to be set around 102. This gives us risk to reward ratio of 6.9. Pattern is forming on weekly chart with horizon of 2-3...
The chart shows that the stock is trading in a triangular pattern for the last few days. Also, a rising parallel channel is formed in recent times. Considering the price of 102-100 as the last support, we can anticipate an upside move up to 135 around. Only for learning and sharing purposes, not a bit of trading advice in any form. All the best.
Tatasteel breaks C&H pattern good volume MACD crossover near target 132 + trading above all key ema eductinal idea only
Tata steel have given a breakout & retest. We can plan for a long for the target of 135 with SL of 114
#Stock #TATASTEEL broke the price closing ranges with some good volume. We may See some uptrend from here onwards. Target 1 : 115, Target 2 : 125 Thanks
TATASTEEL weekly chart showing an extreme inverse head and shoulder chart pattern. We can expect targets 140,160 after the breakout from the current level with high volume. The volume profile also confirms the pattern.
TATASTEEL forms multiple levels of No Overlaps The strcuture is highly Bullish Simple wave navigation to reach the top
Based on the Chart - after months of consolidation - Tatasteel crossed the trendline and looks like sustained the move. Also from indicators perspective - Daily RSI > Weekly > Monthly. Currently trading above Daily, Weekly, Monthly 20-SMA, and 50-SMA. Also above Weekly, Monthly Pivots and above VWMA on Weekly charts. It crossed CCI 100 on Daily and Weekly...
TATA STEEL | Swing Trade | Bullish Momentum A good triangle pattern breakout
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Tata steel is taking resistance from a trend line after forming a ATH in 2021 and the resistance line has been tested 4-5 time and finally it is near a break out. The stock took support from 20 ema on the weekly charts and has formed 'W' pattern. As the markets are trading and forming new highs. Stocks will also follow the same. Watch the metal sector move and...
Weekly pole and flag breakout. Consolidating since long, metal sector seems good for next 1-2 years due to infrastructure boom. Keep hold. May see 150 levels shortly.
This is my analysis for Tata steel one can clearly see a breakout and strong probability of going upside. NOTE : This is Just for educational purpose one shall consult Their financial advisor.
SWING TRADE OPPORTUNITY The stock hai clearly breaked the symmetrical triangle pattern and gives great opportunity of swing trade for decent returns.
TATA STEEL , one to the most popular stock of Indian Stock Market , which was under the radar of every single investor for this break out. The Stock has shown break out on BULLISH PENNANT CHART FORMATION after a gap of 2 years . Both MACD and RSI are in the favor of the break out and hence the probability of FALSE BREAK OUT is minimum. However , we still need to...
huge potential is there. For investment ; . trendline is now broken, wait for small retracement daily candle to close if you are interested in investment, go for it with proper risk, . . overall "TATA STEEL " fundamentally good stock. . . refer over old posted idea attached below.
NSE:TATASTEEL looks like taking support on weekly trend line. please read the chart carefully, everything is mentioned on the chart. if price breaks above 124 it can go up in correction wave B, if it retraces till 102 & reverses it is start of minor wave 5
TATASTEEL has been consolidating in a triangle and ready for a move towards the upside . Good investment bet for few weeks with SL 99.95 and target for 140-142 levels. Cheers!