Tatasteel
Tata steel -using double pitchfork to get support and resistanceHello everyone, first of all, thank you for all the support and comments. It's not possible to reply to everybody's private messages, so in case I am late or couldn't give a reply, please do not mind.
Coming to analysis :-
The chart looks bearish and once it breaks the box/consolidation phase, then we can see further fall towards the median line of 2nd pitchfork and below that towards the end of 2nd pitchfork. If you want trade setup for this chart, please comment and I will analyse it for you and share it in other idea or comment down here, else you can plan your trade accordingly.
How to place double pitchfork:-
1. I will assume you know about pitchfork and know how to use it, so place pitchfork 1 as shown above.
2. After placing and adjusting it, make a clone of it and just move it below/above the pitchfork 1. This is our 2nd pitchfork.
Now, some experts may disagree with it, but I am just sharing a simple yet effective methodology which new traders or beginners might don't know and it may benefit them.
Also if you all want more educational charts please comment below. Please feel free to engage with me on this platform.
Do like and support
Thank you,
Kalpana
Tatasteel footsteps for you...!Tails are important for this stock to trade.
Suppose to trade tomorrow 285 above, then buy and hold ( Friday )
================================================================
Tatasteel TimeCycle and Parallel downward channel.
The price is trading at value low which is better to buy.
================================================================
tail is not valid for buy:
Short TatasteelPOC acting as resistance
Addition of Call OI at 290 and 300 capping the upside
Breakdown of RSI from triangle pattern
Price at lower trend line of triangle...once breaking the line tata steel could be a good short
a post on demand of a well wisher through message jsw steel y views is to trade on levels ( positional bias short on rise , but intraday and as per market trend
one can play swngs .
simple demonstration of how basic support resistance are helpful
through ed arrow (resistance) while blue arrow (support)
hope one will find it useful and take benefits ( dua me yaad rakhna) .
Tata steel forming rounding bottom Go long on 16 AprilTATASTEEL is in process of forming rounding bottom pattern and may be a good candidate for long if Metal index support T1296 T2305 SL 278.85
Tatasteel Trading at the value low with an excess.This is only updated related to past ref.
Sucessfull Trade:
TATASTEEL KEY LEVELS SUPPORT AND RESISTANCE 15/04/2020Key Levels for TATA STEEL :
Upper Breakout~288.75
First Target~297.80
Interim Resistance~305.85
Final Resistance~314.45
**Lower Levels**
Lower Breakout~274.35
First Target~264
Interim Support~255.15
Final Support~246.30
Please trade with caution and consult your financial adviser before trading.
TATA STEEL Accumulation ZoneTata Steel is in the multi year support zone from 250's till 175 levels
one can keep accumulating TATA STEEL at levels of 250, 220, 200, 185
However one should consult their financial advisor before making any
decision to buy or sell equities
Tata steelNow Tata steel is in accumulation phase & also it is near by fib level 3.618..
There is chance for reaching target of fib level 3.618 ( till 223 )and may be it is stop loss hunting zone ...
Over all the will be up trend...
TATA STEEL KEY LEVELS SUPPORT AND RESISTANCE 13/04/2020Key Levels for TATA STEEL :
Upper Breakout~290.40
First Target~297.40
Interim Resistance~304.95
Final Resistance~312.50
**Lower Levels**
Lower Breakout~279.85
First Target~272.40
Interim Support~266
Final Support~258.45
Please trade with caution and consult your financial adviser before trading.
TATASTEEL: SHORTShort Term: Triangle formation, Receding Volume
Chances are for False Breakout, Shorting the stock.
Tata Steel: Monthly Chart - Not much down side left in thisTata Steel:
Not much down side left in this. Estimated down side around 240.
Below 240 out of scope.
TimeCyle and Channel, both are +ve on TatatSteelJust observe the chart minutely. Everything is +ve on this stock except the Indian market index.
We already cought the top in past. but now we are going see bottom soon on this stock.
bought the PUT of tatasteel yesterday.Look at the chart, you can also decide from it.
Reference of last researched.:
