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Tatasteel

TATASTEEL - Add to WatchlistTata Steel Limited is an Indian multinational steel-making company, based in Jamshedpur, Jharkhand and headquartered in Mumbai, Maharashtra. It is a part of the Tata Group. TATA Steel Limited is a diversified steel producer, engaged in the business of steel making, including raw material and finishing operations. TTM EPS: 1.33 TTM PE: 98.05 P/B: 1.55 Mkt Cap (Rs. Cr.): 159,368 Dividend Yield: 2.76 Sector PE: 18.38 Book Value Per Share: 84.35 Some Positives: Strong Momentum: Price above short, medium and long term moving averages Near 52 Week High Some Negatives: MFs decreased their shareholding last quarter Degrowth in Revenue and Profit Decline in Net Profit with falling Profit Margin (QoQ) Decline in Quarterly Net Profit with falling Profit Margin (YoY) Low Piotroski Score : Companies with weak financials Declining Net Cash Flow : Companies not able to generate net cash Major fall in TTM Net Profit Fall in Quarterly Revenue and Net Profit (YoY) Recent Results: Declining Operating Profit Margin and Net Profits (YoY) My Opinion: I am positive on Metal stocks in the coming months. Add TATASTEEL to your watchlist. NOT A RECOMMENDATION. JUST FOR EDUCATION PURPOSE. Thanks
NSE:TATASTEEL
by babutaaniket
TATA STEEL: Forming a Symmetrical Triangle PatternTata 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 years. Disclaimer: This idea is only for education purpose, Please consult your financial advisor. I am not SEBI registered.
NSE:TATASTEELLong
by paras0408
4
TATA Steel - Long-term opportunity 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 charts. If we look at Monthly and Weekly time frames: Comparing CNXMETAL/CNX500 with Tata steel On Weekly Time frame : Crossing CCI above 100 after consolidation in the past couple of months Considering NIFTY all-time High & possible slight correction in the near time frame -- start will small quantity in TATASteel -- and 112 should be stop loss. And above 119 and 124 -- we can add more quantity. Please spend time and do your own research before taking a decision.
NSE:TATASTEEL
by rvc8280
Triangle break out in Tata Steel 17/07/23.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 the stock too. Metal sector is trading around 21400 levels giving 3.25% or 680 points move in a week. The index and stock both are in green and if the sector remains bullish the stock can give good bullish targets. On daily time frame, there is a triangle break out and a bullish moving average cross over. Entry :- Above 117.5 Targets :- 124, 130 Let the stock cross and start trading above the entry level. Long term investors can accumulate the stock for 15-20% return. Positional stock positions can be initiated and option traders can form a hegde in August series and trail there stop losses. Swing positions for a 5% move can be initiated as probability of bullish move is there in the stock. Wait for the price action near the levels before entering.
NSE:TATASTEELLong
by TheMamboMomentum
TATA STEEL : PENNANT PATTERN BREAK OUTTATA 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 draw a line of control on this pattern which is at Rs. 114.00 . The long term targets are Rs. 148.00 and Rs. 225.00 Remember this is an education post and meant only to understand the behaviors of the charts. It does not carry any tip to buy or sell for the stock. Trade at your own responsibility . Good Luck !!!
NSE:TATASTEELLong
by chakraveer1104
JSW Steel Breakout & Retest SetupOn the daily chart of JSW Steel, a strong breakout above the multiple time-tested resistance zone can be observed. Following the breakout, the price retraced back to the flip zone and found support before heading up towards the next high. This presents a potentially lucrative swing trading opportunity in JSW Steel. To enter this trade, a long position can be taken on the open of the next candle. A stop loss can be placed below the previous candle's low, as indicated on the chart. In terms of profit targets, a favorable reward-to-risk ratio of 1:3 can be targeted, as also marked on the chart. Thank you for your attention. Please feel free to like and follow my profile for more insightful market analysis.
NSE:JSWSTEELLong
by vt_trader
2