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Tatasteel_long

TATASTEEL Analysis & PredictionThis is the analysis of TATASTEEL in the weekly Time Frame. Watch carefully. The chart explains itself. If it breaks and sustains above the upcoming resistance level, it is good for the stock. There are some prediction levels. These Levels act as Support and Resistance according to position of price. You have to trade according to level breakout or breakdown. Always maintain your risk management. Book your profit according to your “STOMACH”. Disclaimer: This is not investment advice. I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult your Financial Advisor before taking any decision or trade. Happy trading. About TATASTEEL : Tata Steel Ltd. is a holding company, which engages in the manufacture of iron and steel products. It operates through the following segments: Agriculture, Automotive Steels, Construction, Consumer Goods, Energy and Power, Engineering and Material Handling. Its products include Automotive Steels, Galvano, Tata Agrico, Astrum, Bearings, Pipes, Precision Tubes, Shaktee, Steelium, Tiscon and Wiron. The company was founded on August 26, 1907 and is headquartered in Mumbai, India.
NSE:TATASTEELLong
by suraranjanganguli
Tata Steel - Long Trade - Kursi Ki Peti Baand LijiyeNSE:TATASTEEL on weekly charts has a commanding positional advantage. Since commodities are news and dollar driven, some little knee jerk reactions can emerge during the journey, and perhaps by the end of September or early October, NSE:TATASTEEL can become a brilliant trade to play with. The positional view is also displayed on the chart, but it will need patience to maintain your current positions. Pattern Formed - Flagpole & Bullish Pennant Positional SL - Low point of the pennant pattern Immediate SL for long trade - Top of the pennant breakout line or say 115 on WCB Conclusion - Breakout of the pattern and retest done. Should resume upwards journey Let's see how the story develops. Best wishes! Disclaimer - - My thoughts are shared here. This is both for my own records and for keeping track of what I see on charts. - If you are referring to this, please keep in mind that it is only for educational and research purposes. - Past performance is no guarantee of future results. - You must accept responsibility for any decision you make. DO NOT TAKE THIS AS AN INVESTMENT RECOMMENDATION. - It's your hard-earned cash. Trade / Invest wisely, keeping in mind your trading style, goals and objectives, time horizon, and risk tolerance. - Before investing, conduct your own research and consult with a financial advisor. TIA!
NSE:TATASTEELLong
by nerdywasabi
2
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
TATASTEEL - (BREAKOUT AND RETEST)buy tata steel at current levels of Rs. 115-118 The logic behind the trade: • tata steel was forming a triangle pattern which is visible in the chart attached below. the structure started to form in mid-august of 2021. (Reason - increase in coal price and increase in taxes) • Since then, the stock formed lower highs and lower lows (bearish trend) on a higher time frame which is weekly. • In the previous week the stock broke out from the resistance levels provided by the triangle pattern and retested them this week (note - now the resistance levels will act as support levels). • Volumes were also higher the previous week as compared to this week. • Also, the coal prices are decreasing now, and the taxes were also removed a while ago which will ultimately result in a margin growth that will go in hand with increasing demand.
NSE:TATASTEELLong
by narenkumarbe
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 Mambotrade