TATASTEEL making lower low but indicator is looking strong If 330 is broken downside can be a shorting opportunity If 350 is broken downside can be a long opportunity
Double Top pattern spotted in Tata Steel . Pattern is confirmed as price has broken below 500; neck level retesting looks to have done already. Pattern suggests a target of 485. (Disclaimer: Our charts and contents are just for the purpose of analysis, learning and general discussion. Do not consider these as trading tips or investment ideas. Trading in Stocks,...
Sell Tata Steel on rise with SL of 562 and target of 548. Adjust volumes as per entry price and respect your stop loss.
TATASTEEL(Tata Steel Limited) SELL BELOW 512.5
TATASTEEL Try to reach Demand zone keep watch If don't break that zone enter the Trade SL make 2% of your Capital rule
STBT IN TATA STEEL SEPTEMBER FUTURES SHORT@603 STOP@612.5 TARGET@587 LOT:1061 QTY:2
TATASTEEL: is a weak pullback this morning and got sold into with recent top of 588 as stop-loss one can look into selling the stock at 576 with target at 554
Currently we have 2 Hypos for Tata Steel. Hypo 1 in Red suggests that the Triangle completed at the 586 level (marked by red box) and we have seen a series of nested 1-2-1-2's to the downside from there on. Hypo 2 in Yellow suggests that the W.(E) of the Triangle formed a Triangle in itself which completed near 567 level (marked by Yellow box). In conclusion...
Sell TATASTEEL August futures below 553 for targets of 540 and 525. Keep SL of 560 or hedge with August CE.
If it remains to hold the 490 level, we can hope new highs. Otherwise it may again go for its support level. But on the looks of it, it is not looking bullish as per the market. Looking for the target 470.
Trading at the top of the longterm downward trend line from 2011 TATASTEEL form a bearish butterfly at the top of trend line in the last 3 months price action.The stock can be shorted here as Risk reward ratio is very very low.Actually the idea was from Mr.Neteesh Jain who mistakenly quoted it as a long. Thanks to Mr.Neteesh to Identify a good trade.
TATASTEEL has tested resistance. Divergence in RSI Both stochastic's in overbought zone, and are exhibiting divergence. Do you think this is a short? Let me know.