buy tradebuying for target 111 and +
stop as per risk appetite
based on resistance cross theory
disclaimer - trade @ own risk
Tatasteel_long
TATA SteelIt is is channel and now it may break on the upside provided market sustains above 17900 zone. Here it can be bought at this level and SL can be kept near 114. Once the level of 121 is crossed with good volume also more quantity can be added.
BULL RUN Resumes in Metal stocks ? Tata Steel breaking out !!Tata Steel is trying to break out of the long Consolidation (1.5Years+)
It did a breakdown on 23rd Decemeber but immediately reversed which suggests a furious move on the other side.
It was also the 61% Retracement of recent trend.
Important Levels:
For Long term Investors: It should not Close and sustain below Rs100. Trade below 100 opens up the areas of Rs80-85.
For Short-medium term traders: It should not enter into the triangle zone again. Entering in it will suggest the lose of momentum and a trader must exit if it happens.
On upside: 130-135 seems to be the first hurdle zone for Tata steel.
But, according to the long term chart structure, it has a very long way to go.
I am expecting a new ALL TIME HIGH SOON till the downside levels are saved.
NOTE: These are for educational purposes. No Recommendation.
Tata SteelTata Steel in the verge of the breakout. Can go long. If it breaks the channel on the upside. and commodity is cycle business it needs other global market support.
Wait for breakout or breakdown.
This is for educational purposes
Tata SteelTata Steel- Round Bottom formed. Its neat BO. mostly like BO. Waiting for Green Candle to confirm the same. If it goes up then target will be 130+ as per the area marked in as Target.
Disc- Only for learning purpose and not trading recommendation
TATA Steel Can Shoot Up After Retest [Range Breakout]
TATA Steel Can Shoot Up After Retest. Investors need more confirmation before entry. Always check for retest.
TATA STEEL: CorrectionAfter a five wave rally stock is correcting in a three wave fashion. The five wave rally can be considered as a wave-1 of higher degree and the subsequent fall should be taken as wave-2. Hence,stock is likely to correct towards 100/97 area which is also a 50%-61.8% fibonacci retracement zone, which suits better retracement for wave-2.
Trading strategy: Sell 103 , SL: 106 tgt: 100/97
long Chart Aanalysis For TATASTEEL Just started chart reading and learning new things, cristism most welome. Ready to learn and work on suggestions. Thanks for your reviews and comment.
Tata steel Tata steel looks good till upper trendline.
As it has formed IHNS so it will give that target also it is forming bullish flag pattern on daily chart. So looks a good bet for long term.
Will prefer adding in all dips. Sl below trendline.
Views personal.
I Can go wrong.
Not a trading recommendation.
DYOR
TATASTEEL Looks Bullish TATASTEEL Has seen Fresh breakout on the Daily and 4- Hourly Charts. When Observed on the weekly Chart Strong Support at 106 is seen in the stock. Stock Broke the Resistance Levels 106 Retested it and again heading towards higher levels. We are Going long on TATASTEEL Future at CMP 112.25 For the Targets of 120- 125 and Stoploss of 105.75
Good Time to invest?#TATASTEEL
Trading near good weekly support of 103-107 which should be held on Weekly Closing Basis. If yes, we may see a good bounce till 120/125 levels, that's good 15% rise. If not, we may see a good fall till 96-93 odd levels with 82-83 being ultimate weekly support.
tatasteel 12.07.2022: entry & exit is very important
: try to manage money management
: know your stop loss
: find the chart pattern / analysis the chart before you enter
Tata Steel : Time for accumulationTata Steel nearing its 2020 Base which is a confluence of (22/03/2021 B/O level) and (19/01/2018 Swing Top)
750-786 good level if we get.
TATA STEEL AnalysisGaps pending
Upside: 997.95/1020.8 & 1044
Supports: 869 & 842.85
Resistances: 895.6/927.7/950.8/974.7 & 991.6
Note: OI & Volume to be considered in all the trades.
Conditions applied:
Con 1: If we witnessed Gap up opening nearby 895.6, Wait for breakout & then take long position accordingly with the given levels.
Con 2: If we see sideways opening, then need to watch Volume & OI & then take position.
Con 3: If we witnessed Gap down opening, Wait for support breakout in 15 min candle then only go with short positions.
Note: OI & Volume to be considered in all the trades.
Tata Steel Breaking Out !!📈 Tata Steel 📉
Tata Steel is breaking out of trend line after testing multiple supports at lower levels. Possible targets of 1410 & 1500 will be possible.
All Important Supports and Resistances are drawn in chart. All levels are on closing basis.
Please have a look and revert back if you need some more study on it.
Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
TATASTEEL HEADED FOR A BIG BREAKOUT BREAKOUT TO TRADE:
Nifty Metal Sector has gave weekly closing above 61.8% Fib Retracement which means Metal Sector is now officially in Bullish Trend.
Our Long Term Pick is TATA STEEL
REASON :
1. Symmetrical Triangle!
2.Metal Sector Staring at a Breakout!
3. Removal of weak hands done last week.
TARGET : 1500+
SL IS WEEKLY CLOSING BELOW 595
TATASTEEL Parallel channelNSE:TATASTEEL
#NSE:TATASTEEL formed parallel channel, BO may give good momentum.
Levels marked on chart for practice.
Happy LEarning !!
TATA STEEL LONG Potential BO candidate C&H, trendline BOTata steel looks good on daily chart with a potential Break out candidate. It has formed a C&H pattern on daily chart & also breaking the trend line & the previous high trend line. Volume has been good over past few days. The RSI is in 60+ zone so the stock has good momentum with Strength. Keep an eye on the counter, can give some good returns in short term.
Discl; Chart of reduction purpose only, not a reco to buy or sell. Trade as per your own research
TATASTEEL | Bullish Neowave CountHi everyone
This is the longterm forecast of tata steel. If anyone has any query he can reply in comment.
Thank you.
TATA Steel opportunitywaiting for long for this opportunity...
you guys can enter here for targets of 1400 upto july 2022.
chart here is self explanatory...
Best Regards,
Sangram Kanade.
NSE:TATASTEEL trading bullish and reaching @ resistance levelNSE:TATASTEEL
#NSE:TATASTEEL reaching resistance and good above 1318.
Happy LEarning.
