Tata SteelExpecting good fall in metal sector !! Broke the bear box, Fibo retracement 1012 SL Target 944.80 in week
Tatasteel_tradingsetup
Tata Steel Breaking Out !!📈 Tata Steel 📉
Tata Steel is breaking out of trend line after testing multiple supports at lower levels. Possible targets of 1410 & 1500 will be possible.
All Important Supports and Resistances are drawn in chart. All levels are on closing basis.
Please have a look and revert back if you need some more study on it.
Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
TATASTEEL HEADED FOR A BIG BREAKOUT BREAKOUT TO TRADE:
Nifty Metal Sector has gave weekly closing above 61.8% Fib Retracement which means Metal Sector is now officially in Bullish Trend.
Our Long Term Pick is TATA STEEL
REASON :
1. Symmetrical Triangle!
2.Metal Sector Staring at a Breakout!
3. Removal of weak hands done last week.
TARGET : 1500+
SL IS WEEKLY CLOSING BELOW 595
TATASTEEL Parallel channelNSE:TATASTEEL
#NSE:TATASTEEL formed parallel channel, BO may give good momentum.
Levels marked on chart for practice.
Happy LEarning !!
TATASTEEL Supply zoneTATASTEEL approaching the previous supply zone... attempting to break it... can give quick move to 1420-1450.
NSE:TATASTEEL trading bullish and reaching @ resistance levelNSE:TATASTEEL
#NSE:TATASTEEL reaching resistance and good above 1318.
Happy LEarning.
Tata steel in consolidationTatasteel has been consolidating in a narrow range after a bullish movement in the stock.
It is forming a bullish chart pattern on a higher time frame.
The breakout of the parallel channel can give a move of 5%.
Watch the stock for the tomorrow
#TataSteel A Breakout Candidate !!Tata Steel is following a downtrending trendline zone and Support are tested several times.
So, If this trendline gets upside breakout then this is end of downtrend however closing above 1245 levels will be secondary confirmation.
This is a trade to watch out very carefully as it is going to give a nice risk reward.
TATASTEEL POTENTIAL REVRSAL ABOVE 1250Tatasteel has been in a constant downtrend for making lower highs and lower lows for the past 6 months.
This seems to a reversal point and a start for an uptrend.
1.Reclaimed the flip level.
2.Crossed 200 ma.
3.Broke the counter-trendline.
4.Gave a rally after making triple bottom last week.
It would be better if we see a consolidation before the rally
Buy above - 1250
Targets mentioned in the chart above.
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Tata Steel Ltd. BuyTata Steel Ltd is a well diversified business entity. It manufactures ball bearings, hand tools, tubes, steel wires, and also operates chrome mines..The company also in the business activities of Steel, Ferro Alloys and Minerals.
CMP: 1213.60
Target: 1332
Buy above 1199 which is critical support. use dip to buy strategy. Breakout of W Pattern it may retraced to neckline and go for big target.
Feel free to share your feedback and queries.
If you want to know about your stock please mention in comment.
Tatasteel breakoutHello traders, hope you are doing good and enjoying gains in nmdc & tatapower.
Now this time tatasteel has given a long awaited breakout from is channel pattern, I posted trading idea of tatasteel before, here on tradingview when it made a double bottom and said that this could be the time it we will get a breakout and asked you guys to make your positions accordingly.
The channel pattern seems to have been broken by strong candles so it definitely looks good for the upper marked targets.
RSI is above 50
MACD above the signal line.
Buy above - 1216
Targets mentioned in the chart above
TATA STEEL Longinstrument : Tata Steel
Timeframe : 15 Min
Pattern : Inverse Head and Shoulder
Intraday Trade
TATASTEEL Trade Setup For TomorrowIntraday pick for Tomorrow - 03-01-2022
Stock name : TATASTEEL
Time frame : 30 minutes
Wait for proper breakout and retest for entry.
For more trading content follow us on ( @tradechefofficial )
Intraday @TatasteelTATASTEEL CHART FOR INTRADAY 3RD JANUARY 2022
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TATA Steel may be up for grabIf one sees a bullish pinbar or a bullish engulfing candle on the daily chart at 1082 levels then it may be a good buying opportunity with the target near 1250 and if it breaks 1250 then 1425.
TATA Steel PositionalThe stock has a short build up and 6.23% open interest change. 77% of the contract is newly formed. In this case, the stock price is likely to fall significantly.
You can trade by looking at the levels marked on the chart. Happy trading
TATA STEEL at Good Support Good opportunity can be capturedGood Support: 1250-1235
if not sustained new support will be @1280 and @1180
Analysis before any decision because it is you at the end to see the consequences.
Tata Steel futuresTata Steel has a huge call writing in 1300 ce. This can mean that the prices might not breach 1300 easily. Also, 1400ce has the second highest call writing volumes.
Tata Steel futures
CMP:- 1303.00
SL below:- 1280.00
Targets: 1375.00 / 1400.00+
Uptrend is prominent in the hourly chart and RSI too has shown a reversal. The results are expected to be really good.
Can buy at current levels.
TatasteelNSE: TATASTEEL 1326
-Symmetrical Triangle Formation
-Price Confirms
-Next Level To Watch 1375-1410-1430-1465-1480-1535
-Support Near 1290-1260
-Closing Basis
Swing SetupEXPLANATION : 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 . If give a strong breakdown and broke its demand zone with volumes and has retested the same. I am bearish on this stock for the coming days @1190 & @1130 . Enter as per your setup .
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Simple Trade Setup | TATASTEEL | 21-10-2021 [ INTRADAY]NSE:TATASTEEL
Observations:
Let's first take look at NIFTYMETAL.
--> On daily time frame, if we apply FIB retracement only on recent uptrend move then we can see that today's candle took support from 61.80% level range.
Please refer below chart : 1day Time Frame.
--> On Daily time frame again, if we apply FIB Reracement on a bit longer uptrend move then we can see that today's candle is still above 38.20% level range.
And seems like it tried to test the previous breakout level of 5900/5905. And took support from that range.
As far as metal index is above this 5900 level range it has still possibilities to continue bullish move.
Please refer below chart : 1day Time Frame.
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Now let's take a look at TATASTEEL.
1) On 1 day time frame, it managed to close above 10DMA. 10DMA is placed at 1336.31. which will be immediate support at this moment.
Also if we apply FIB retracement for recent uptrend then we can see that today's candle took support from 61.80% level of FIB level.
If it sustain above it and breakout 1363 level range then it will be bullish again.
Please refer below chart : 1day Time Frame.
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Trade Setup for Date 21-10-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
TATASTEEL [parallel channel]moving in a channel, the angle is very steep though.
can come for a retest of the previous resistance levels.
