Tatasteel double bottom breakoutHello traders, tatasteel tapped into demand zone made a double bottom there and gave a breakout from the same.
I was somewhat late to publish this idea so look to buy on a retracement for above targets.
Buy above - 1130
Targets mentioned in the chart above.
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Tatasteel_buy
Tata Steel futuresTata Steel has a huge call writing in 1300 ce. This can mean that the prices might not breach 1300 easily. Also, 1400ce has the second highest call writing volumes.
Tata Steel futures
CMP:- 1303.00
SL below:- 1280.00
Targets: 1375.00 / 1400.00+
Uptrend is prominent in the hourly chart and RSI too has shown a reversal. The results are expected to be really good.
Can buy at current levels.
TATA STEEL SHOWING A BREAK OUT SIGN!Tata steel stock price has fallen in recent times. However, the price is showing bullish signs now. The volumes are increasing and the price is nearing a breakout. The overall metal index showed a bullish sign.
The XABCD bat pattern sets a supply zone/ PRZ which has to be taken out to make a new all-time high.
Start booking the profits from the supply zone and trail until the all-time high is broken. The short-covering moves can take the price to the ultimate target set by the XABCD bearish crab pattern.
The breakout, stop-loss, and target levels are mentioned on the chart.
Happy trading :)
This is just for educational purposes.
TATA STEEL PRICE ACTION ANALYSISTata steel's price has taken a drastic fall today. The price is near the demand zone set by the XABCD bullish bat pattern.
If the price bounces off from the demand zone, we can go long and consider targets mentioned on the charts.
The stop loss level mentioned on the chart is technically sound support, if this level is broken, the fall could be drastic and can continue. If you are a risky trader, consider holding until 1070.
Happy trading :)
This is just for educational purposes.
Tata Steel - Extreme bullish ATH closing🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout)
After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
Comments
TATASTEEL breakout on the way.I had earlier posted an idea on TATASTEEL on 13th June which was closed at cost. TATA STEEL has been in an uptrend, continuously forming higher lows. After the recent complex pullback, it seems rested and ready to move forward and challenge its highs and possibly make new ones. It has formed a continuation candle at the 20 EMA and is moving towards its all time high with above average volume. A trade can be taken with the following levels in mind.
LONG ABOVE : 1250
STOP LOSS : 1188
TARGET 1 : 1312
TARGET 2 : 1374
Initiate trade only if it maintains above the "long above" level for 15 minutes. I will update the idea as the trade develops.
TATA STEEL BSL for BUYBuy Above 93.25
Targets :- 100 , 106
SL @ 86.20
** Only for Educational Purposes
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Tata Steel - Flag pattern🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout)
After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
Tata steel good for Swing Trade upto 1240 Levels ?Tata steel Made Inside candle in Weekly TF and making Higher Highs in 15 Min TF, We can take it for Swing Trade.
Entry : 1172 (With good confirmation)
SL : 1148
TGT : 1196
If 1196 level will break with good volume we can keep this Stock upto 1240
>> Always Enter With good confirmation & Maintain proper Risk Reward.
******* Knowledge Purpose only ******** This is my view about Stock/Indices Based on Technical analysis & Price Action . There is no way to predict what will happen in the future or whether a given asset will increase or decrease in value. Because the market cannot be accurately predicted or completely controlled, no investment is risk-free.
>> Visit my Ideas Page for Daily Stock Analysis and check my previous stock analysis performance. I usually prefer Swing & Intraday Trades with Good Breakout confirmations and Best Risk Reward Stocks.
TATA STEEL TO STEAL THE SHOW 🔩🔩Take trade as per the values given in Fibonacci. always trail the stop loss. do your own analysis before taking trade
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TATASTEEL: Going to be all time high!The stock has been affected due to ADANI Enterprise fall and nifty100 as well as nifty metal also sipped from their highs. T.Steel is retesting its Critical demand zone.
RRR has shown in the chart for best entry wait for to form the higher highs in 5min candlestick
Points to be Note (Technicals + Fundamental)
1. Cup and handle formation.
2. Plunges with casual risk or news and index
3. Above from Critical Demand zone and retesting the levels
4. Company profit is increased from YOY 2020 and still -9% from YOY 2019
5. P/BV is high, the Debt ratio is high, PE is high.
6 Due to ratio diversions still sales edge over its peers make a sense to hold for the long term.
6. Sales have been increased impressively
7. Demand in the auto sector will move the metal in the next few weeks
Let me know in the comments what are your views on this! NSE:TATASTEEL
Tata Steel - LongTata Steel - Long
Buy zone:1132-1062
Upside Target: 1185 1245
Support Levels: 1089, 1040
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**Disclaimer:
I am not a SEBI registered consultant/Advisor. It is completely my view and opinion. My intention is not to provide any financial advice, training advice, or any type of advices or any recommendations on stock buying or selling. Please do your own research and consult with your financial advisor before taking any action. I am not responsible for any of your action on buying or selling or holding the above mentioned stock or/and index.
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