#TATASTEELTATASTEEL previous High Support
No Overlap shows bullish structure
Move towards 115
SL 107
Tatasteel
Tata Steel Getting ready for next roundKeep eye on the previous high > Fundamentally Good !
Breaking 115 -> 126
TATASTEELNSE:TATASTEEL
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose!
intraday, swing, shortterm, nifty50
midcap stocks are going to boom.
long term investment; min 70% return
huge potential is there.
investment ;
trendline is not broken yet,
if you are intrested in investmet, go for it with small risk,
more possibility is there for breakout.
TATAsteel can be a good swing trade.tatasteel is looking good for a swing trade in 1week timeframe.
do your own analysis before taking a trade.
this post is for educational purpose only.
we are not sebi regostered.
Tatasteel good to buy position ( bullish moment )its 60EMA + half trend strategy.
all rules are confirmed
Target : 125-128
Entry : 110
SL : 100 or previous low
Lets wait and watch.
BSE METAL INDEX ELLIOTT WAVE PROJECTIONBSE:METAL has broken out of 12 years of consolidation.
Advancing higher in wave 3. The Larger wave 3 and 5 can take Index and Metal stocks Many fold.
Metals can be multibaggers. There is lot of opportunities for growth in this sector.
TATASTEELTATASTEEL looks good on chart to go long confirming the inverted HnS pattern.
I missed to share this opportunity at 100 price at .50 fibo level and 40level RSI support, which was a good chance to enter.
But if you are a risk taker and still want to enter, then you can keep your target to the next trendline as drawn.
(I might soon exit from my open swing position, so please do your research and then only enter. This is purely for educational purpose only)
Heading towards 120As per the trend lines, Tata Steel is heading towards 120.
Waiting for golden crossover.
Volume is seen increasing too.
TATA STEELNSE:TATASTEEL has formed good base. Once breaks above 109
Can give good Bullish momentum. Expecting a Rally.
Tata Steel – Predicted Intraday High Low Range for todayTata Steel– Predicted Intraday High Low Level for today.
Today Tata Steel will trade in between the marked zones. Look to BUY at Green zone and SELL at Red zone.. Any breakout either side we can expect strong move towards the breakout side.
Along with these levels we should also confirm our entry with Price action.
NIFTYMETAL Bullish But....I am very much bullish on METALS But....
Considerations - 4Monthly Chart
Index in focus - CNXMetal
Details -
I have currently taken nifty metal's 4monthly chart, it means that it takes 4 months to form one candlestick
The timeframe will be quite large, the vision that I have might take 1-3 years time
Technically we can see the consolidation happening at a larger time frame near to 52 weeks high
A flag pattern and a correcting RSI
If we manage to break the current ATH then we may see a mega bull run in metal sector irrespective of the commodity price, which I feel have bottomed and will consolidate at current levels.
Only concern is ADANI Enterprise, it has the highest allocation in the sector. Also it is trading at a very very high valuations. It is having an RSI of 97 on 4M candle, I see the correction will be there in next one year or few months. I AM SHORTING FOR SURE!
I feel that the core metal producers will have an upper hand in this rally and not ADANI
BUT.....This is valid if the metal index does a break out above ATH
Top constituents by weightage
Tata Steel Ltd. 20.41
JSW Steel Ltd. 15.83
Hindalco Industries Ltd. 14.76
Vedanta Ltd. 7.80
Jindal Steel & Power Ltd. 4.56
APL Apollo Tubes Ltd. 3.90
Steel Authority of India Ltd. 2.83
Hindustan Zinc Ltd. 1.79
National Aluminium Co. Ltd. 1.57
I am bullish on GPIL and VEDL
Disclaimer - Please DYOR, Don't take any position based on the above calls.
Short Tata Steel to get target of 94-95on 4 hour time frame it indicate bearish hold as it already broken previous support now wait for the target to achieve between 94-95.
#TATASTEELTATASTEEL ready for a fresh move
In Q1 RRG
No Overlap shows bullish structure
105.25 should not be crossed
Tata Steel : Good Break out available at Very Low price.Market Cap is ₹ 131,351 Cr
ROCE - 31.6 %
ROE - 42.6 %
Debt - ₹ 87,516 Cr
Reserves - ₹ 106,277 Cr.
Profit after tax - ₹ 28,727 Cr.
PROS
Stock is providing a good dividend yield of 4.74%.
Company has delivered good profit growth of 76.8% CAGR over last 5 years
Company has been maintaining a healthy dividend payout of 43.0%
CONS
Contingent liabilities of Rs.40,505 Cr.
Company might be capitalizing the interest cost
TATA STEEL SHORT TO MID TERM SWING#TATA STEEL given breakout in day time frame, making harmonic bat patter, taking support from dynamic trendline & also making lower high on weekly time frame.
Buy around 103 TO 104
TGT 112, 118, 122
Stoploss 100 on day closing basis.
Disclaimer :
I am not sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
TATASTEEL - Swing Trade - Symmetrical Triangle PatternThe analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
#NIFTYMETAL analysisNifty metal index completed triangle pattern and ready to break it's strong resistance, may give 6800 on chart which means metal stocks will boom like Tata steel, Vedanta, JSW steel etc.
Tata Steel Consolidating in Symmetrical Triangle , Keep WatchTata Steel Consolidating in Symmetrical Triangle , Keep Watch NSE:TATASTEEL
VERDICT Tata Steel
Consolidating in Symmetrical Triangle
Will Give Big Move Around Within 15 Days
Keep Watch
Only For Study Purpose
TATA STEEL_BEARISHTata Steel ltd seems falling wedge pattern. Its bearish pattern. If price does not sustain above 106, it will move downward.
Cautious in short term with Tata steel may fall to 75 in a yearBuy Tata Steel near 75 it may fall from current price due to inflation and fluctuation in steel prices in coming months
Personal view!
