TATA STEEL is trading at the resistance on a daily chart possible the trend can change
Updward towards 415-420 one week
Tata Steel forming a flag and pole pattern can give a upside breakout again. Can be traded at breakout around 395 with a target of 400 and 405 respectively.
Channel has broken upward and this has potential to reach the targets on the chart in a months time.
OUR STRATEGY DONT ALLOW US TO TRADE SO EARLY ON BREAKOUTS, ITS OKAY TO IGNORE IF THEY DONT GIVE THE SETUP THEY LOOKING FOR
After Long Waiting Period Wave 3rd Of 3rd is Over . . . NSE:TATASTEEL
pullback from demand zone, can move to 436 and above.....
Tatasteel taking support on 15 mins timeframe. Can see an upside move till 430-435. This is just my point of view. Only for educational purposes. If you wanna trade then please trade as per your risk.
Buying range - 370-372 target - 390 SL- 360
NSE:TATASTEEL
sell PE below the trendline once support confirm & high break.
TATA STEEL looks good on chart ! can be accumulate for positional long for target 400/- with stop loss 330/-
Buy if candle close above 346.05 only Short if closing below 344.2 Only Sl:2 Points TGT: 4+ Points Disclaimer: These are just my views, I am only SHARING my views - kindly do NOT trade blindly with these levels, please do your own research before entering.
What do you think of Tata Steel? Should one go long or short? I'm in view to go long with 316 as stop loss for target of 405
Analysis: As you can see in my previous idea how tata steel moved as per forecast. Now, if tomorrow morning tata steel shows some rejection around 328/332 level, we will look to short. If moves above and holds the said zone, the scrip might move towards 344 level as well in coming few sessions. If moves above said zone, even if it touches 344, the trade will...
Considering the growth in Metal sector from past couple of trading sessions and current NIFTY trend, if TATA steel sustains above 321 - we can consider for short term uptrend. Above 321 - > Targets 330/340/350/360 .. Pls add to watch list & lookout for market trend before trade.