Tata Steel - Falling wedge Breakout and targetsTata Steel have managed to breakout of the Falling Wedge..
Stock has corrected 15%+ on from the highs and its the right time for some short covering and probably form a Lower high around 1160
Tatasteel_long
Tata Steelcan be bought above 1135.5
for a target of 1158 (1.9%)
Stoploss 1198 (3.2%)
Risk reward ratio doesn't satisfy but trade can be successful
Tata Steel - LongTata Steel - Long
Buy zone:1132-1062
Upside Target: 1185 1245
Support Levels: 1089, 1040
*******************************************************************************************************************************************************************************************************************************
You can also see my other stock analysis and the results in my profile ideas. Please follow me , If you would like to see more ideas on stock movement
********************************************************************************************************************************************************************************************************************************
**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.
********************************************************************************************************************************************************************************************************************************
Monster Move In TATASTEEL- Broader View Of TATASTEELWe Expect TataSteel To Go Till 990-1000.
Lets See.
In Case It Shows Some Weakness .
We Will Be Ready T Short Too.
More Information See Chart.
tata steel long postional call.. consolidation callcurrently consolidating..
can give good breakout now ..
huge upside small stop loss
Tata Steel 11 Year BreakoutBuy Tata Steel At Cmp 766.85
Add More If Price Fall To 650-670
Strict SL - 585 (WCB)
Target - 1250++++
Falling Wedge Falling wedge can be seen in Tata Steel. A breakout can see it to going Past 750 level
buy cup and handle pattern based buy
after a long rally
T1 - 750
T2 - 798
T3 - 860
STOP - 670 (for positional)
option traders - 800 ce / 780 ce(march)
disclaimer - trade @ own risk
Tata Steel UpdateI have updated my analysis please check out the latest Tata Steel Support and Resistance
Tata Steel FuturesTata Steel (Future)
You can buy a future and patiently wait for levels as high as 800.
Tata Steel future is in an uptrend in the daily charts. I have been bullish in Tata Steel in a long time but it has slipped since then.
What makes me happy is that the candles have taken a support on 10 EMA at 681 levels and bounced back from there.
Data
650 is a major support with an Open Interest of 1,513,000 in 650 ce with possible short positions of 175,100.
Trying to analyse the upside, 700 pe is the only level with possible short positions of 119,000.
This shows us that once Tata Steel manages to cross 700 there is no resistance till 750 as there are 40,800 possible short positions.
Call writers are trapped at every level which will support prices to rise. The rise may be a very quick one but patience is must as we know how bad the metal index performed on the 12th of Feb.
Tata Steel FuturesTata Steel Futures
A very strong support at 679 was respected yesterday. The candle in the daily charts give us a bullish signal.
Uptrend is clear and I would like to hope that it will continue with a target of 718+ in short term.
Intraday support can be seen at 690 levels whereas support on closing basis can be seen at 684 levels.
Buy on dips for short term
Tata steel ascending triangle hourly chartOn Tata Steel hourly chart, ascending triangle is about to breakout. As per text book rule this pattern breaks out northwards. In this case of Tata Steel, There is no space remain in triangle for price to move. Rally in stock market itself push price out of the pattern on upward side. fundamentally, no bad news about sector or about this company is in the air. So we can expect upward breakout upwards. Target is Rs 700.
TATA STEEL : READY for TERMINAL ThrustBuy TATA STEEL above 715 keein sl of 706 for the target of 725/745/755
