It is been observed that the price action formed an important harmonic pattern called Bat Pattern indicating bearishness and a counter trend trade opportunity. It is a low risk trade as the price action has already reached to the previous resistance levels at 406. Now if the price action breaks and close above the previous resistance levels of 406 then we shall...
Price is moving up steadily and appears headed to the weekly resistance level at 435-ish. A fall below 361 would be a sign of weakness and weaken the case for a rise to 435.
I am keen to buy this stock on a evidence of support at any of the blue lines. Watch this stock.
It is been observed that the price action has previously breaks out from a channel and then retrace back to the previous channel trend line, forming a V shaped signaling completion of retracement and now the price action shall further move down toward 340 target levels decided on the facts:
1. Measurement of the breakout channel and
2. Previous Resistance levels...
I'm not trading this setup , so please check your plan n rules if you are going to trade. There is reason why I'm not trading Tatasteel. I have shared around 250 ideas in total I guess but none of them will be on Tatasteel. This particular scrip is on Love n Hate relationship, bcos whenever I trade, it will hit my stops (Yes, It happens & its called Luck ). So I...
Tata Steel ranging and trading in a uptrending channel as marked with Purple on chart. I believe today's closing shall determine further movement of price action in it. If the price action closes above 406 levels then we might see further rally as buyers confirmed strength and pressure and shall take prices further up. In case it closes below 404 levels then we...
After two weeks of correction, this week Tata Steel has broke out and closed above 378 levels and confirmed the bullish trend. Now, it will continue its uptrend and will reach to 430 levels which is the next resistance point.
