Above 120 only We can expect Breakout towards 136.
Flase Breakdown -Price takes the reverse gear. According to technical analysis, the price has to touch 95-97 levels.
This analysis is just for educational purposes.
Tata steel has shown rejection of a 15 min supply zone twice, it should turn out to be a good shorting opportunity with 107 as SL & 101.65(friday low) & 99.50 as targets.
After stock split on tatasteel it was gone to over buy.
So after overbuy it will take correction at 100 or 98. even it has tried to break out 200 EMA and may be its confirming by correction.
Lets see it will be bearish for September 2022 and then will be time to invest or buy
Lets' wait and watch
Gaps 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...
This Chart is only for Educational purpose. Pls dont consider for investment or trades.
Values are present in chart.
PRZ: potential reversal zone, where prices can reverse and move in opposite direction.
Excellent Shorting opportunity in NSE:TATASTEEL ,
as metal sector looks weak for next few weeks, it will be safe initiate a short trade in TATA STEEL.
ENTRY : Below 1220
SL : 1270
TARGET : 1180/1130/1100
NOTE :This post is just for educational purpose. Do consult with your financial advisor before taking any trade.
Thank you.
Tata Steel
1. Trading below 100EMA
2. HNS Broken
3. Closed below 1,231 (last credible support)
4. Trading within Pitchford and may extend move towards lower 1st Deviation
5. Has potential to move towards 200EMA and ABCD Tgt confluence at around 1,125 and beyond
Tata Steel result will be announced today, we can expect a good move on either sides. Add this is in your watchlist. Take positions after the trend line break.
EXPLANATION : This is a 1 hour time chart of TATASTEEL . I am seeing a very good buying and selling both side opportunity in TATASTEEL because of many reasons . It has taken support from demand zone . If give a strong breakout and broke its trendline resistance with volumes . I am bullish on this stock for the coming days , we buy at the bottom and sell at the top...
NSE:TATASTEEL
Observations:
1) On 1 day time frame, we can see that it faces resistance from 50DMA zone. And closed below 50DMA.
50DMA is placed at 1381.56 level.
Sustainable breakout of 50DMA on daily time frame will continue the uptrend.
Please refer below chart : 1day Time Frame.
2) On 1 day time frame, if we apply FIB RETRACEMENT then we can see...
Not to Predict future here, but it seems like a good setup for H&S, Retest and Fall.
Technically Graph Seems performing well. and it respects Fibo levels to the appx.
Entering a short around 1380 with timeline for next month expiry seems an Opportunity!
Always Risk within your appetite only!
![TATASTEEL: Simple Trade Setup | TATASTEEL | 18-10-2021 [INTRADAY]](https://s3.tradingview.com/y/YBrsVoiF_mid.png "Simple Trade Setup | TATASTEEL | 18-10-2021 [INTRADAY]")
