As per my previous analysis as you can see after taking retrace at 115 level it take a bullish move.
Now you can add more position at the range between 156.90-153.55 . As I'm expecting price will come here once .
Our Support :147.35
This 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...
TATASTEEL looks good
Fresh breakout is confirmed in weekly chart. It is in retest, can be a good trade if planned properly.
Weekly & Monthly Stoploss is given.
As we all know metals and some minerals stocks work in cycles, as per chart and price actions all metal stocks are ready to fire up again, and from all those Tata Steel is a good name to bet on.
current price is 142. we can add up to 136
with SL of 128. this can reach 180-200 in the next 6-8 months.
Tata Steel has given a clear Cup and Handle breakout.
The breakout is supported by good volume as indicated in the chart.
In near term looks like it will reach 150.
CMP: 128
Target: 150
SL: 117
These are my views, please do your due delligence.
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NSE: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...
Tata 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...
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...
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...
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...
TATASTEEL has been consolidating in a triangle and ready for a move towards the upside .
Good investment bet for few weeks with SL 99.95 and target for 140-142 levels.
Cheers!
