TATASTEEL: All targets done!Please check my idea previously posted on 11th July, both targets on TATASTEEL have been reached successfully. :)
Jul 11
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.
Jul 18
Trade active: TATASTEEL should reach target 1 in the next few trading sessions.
Jul 27
Trade closed: target reached: Target 1 reached at 1312 on 27.07.21.
Aug 1
Trade closed: target reached: Target 2 reached at 1374 on 29.07.21.
Tatasteel_long
TATA Steel The frypan bottom occurs when small real body candlesticks slowly move downward and then move in a neutral to upward direction. The frypan bottom pattern is complete when a bullish candlestick gaps up from the rest of the candlesticks.
Tata Steel Going sideways for few Days and now ready to give BO Trade only if stock is giving Gap up or gap Down Opening Targets can 1358 to 1400 for short term with Sl Below the candel Low.
If share Gaps Down can sell the share with SL 1249 On closing basis.
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 - Bull flag + Volume expansionKey Highlights:
1. Bullish market structure
2. Volume expansion
3. Trendline breakout
4. Flag & Pole formation
5. Support zone: 1073-1098
6. Target: 1197, 1245, 1352, 1409, 1489.
7. Stop loss: 1070
You are always advised to use an appropriate Risk-Reward ratio as per your strategy.
P.S: This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.
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 LONG.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 was unable to close above 1150 for a number of sessions and has finally broken out past that level on a closing basis. Keep an eye out for levels of 1245 and beyond.
TATASTEEL Last Wave - Full AnalysisTatasteel is in a correction mode . So, do not initiate a buy position until ATH is crossed.
For buying follow the given levels.
Buy- Above 1450
SL - 1220
Target - 1300 1350 1370
For shorting given levels should be considered.
Short - Below 1070
SL - 1110
Target - 1030 1000 950 900
If TATASTEEL corrects to 900 , then you can buy for swing trade.
Note:- I am not SEBI registered . All Views and trade setups are my personal view and my personal trade setup.
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