If 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.
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...
Tata steel's price has taken a drastic fall today. The price is near the demand zone set by the XABCD bullish bat pattern.
If the price bounces off from the demand zone, we can go long and consider targets mentioned on the charts.
The stop loss level mentioned on the chart is technically sound support, if this level is broken, the fall could be drastic and can...
Tata steel price is near the XABCD bearish pattern's potential reversal zone. From PRZ the price could make a correction or breaking of the PRZ could lead to a short-covering rally.
For new long entrants, wait for one of these scenarios. The levels and the stop loss point are mentioned on the chart.
Happy trading :)
Only for educational purposes.
🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have...
TATA STEEL is trading near trendline resistance. And after bear trap it gave good move today. Also the quarterly results are tomorrow so it can give good moves on either side.
Comment down your thoughts below.
Tata steel is converging and has a possibility to breakout either ways in shorter timeframe, however looking at the trend of the stock the possibility is higher on the upper side.
🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have...
Tata steel Made Inside candle in Weekly TF and making Higher Highs in 15 Min TF, We can take it for Swing Trade.
Entry : 1172 (With good confirmation)
SL : 1148
TGT : 1196
If 1196 level will break with good volume we can keep this Stock upto 1240
>> Always Enter With good confirmation & Maintain proper Risk Reward.
******* Knowledge Purpose only...
Key Highlights:
1. Bullish market structure
2. Volume expansion
3. Trendline breakout
4. Flag & Pole formation
5. Support zone: 1073-1098
6. Target: 1197, 1245, 1352, 1409, 1489.
7. Stop loss: 1070
You are always advised to use an appropriate Risk-Reward ratio as per your strategy.
P.S: This is NOT investment advice. This chart is meant for...
TATA STEEL BEAR GANG Dominated
TATA STEEL Broken the Bulls Heart
Today(May 20) unfortunately TATA STEEL had ended in a significant Strong Bearish Candle.
Finally TATA STEEL Broken the Bullish Channel.
Price Action Moves like a Lambo Towards the Ground.
Bullish Gap found Today. (Extremely Potential Signal)
Overall Strength RED LIGHT (May 21...
TATA STEEL Analysis through Complex Technical Analysis:
TATA STEEL is in a Dangerous Zone.
Once TATA STEEL Breaks the Channel it's next stop will be at either 1042.00 or 1014.00 or even below.
Current Situation, TATA STEEL is running out of Momentum. ADX is Dropping from a height of 45.
Expected RED Candle Tomorrow.(May 19, 2021)
Shorting would be...
Using My own developed indicator and my strategy the results shows that on May 17, 2021 will be a bear day for TATASTEEL. So keep your eyes on it.
Short Selling would be a good idea.
![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]")
![TATASTEEL: TATA STEEL (Forecast for 21/5/21 [NSE])](https://s3.tradingview.com/e/eYeqHhyd_mid.png "TATA STEEL (Forecast for 21/5/21 [NSE])")
![TATASTEEL: TATA STEEL (Forecast for 19/5/21 [NSE])](https://s3.tradingview.com/f/f5u7nErD_mid.png "TATA STEEL (Forecast for 19/5/21 [NSE])")
![TATASTEEL: TATA STEEL (Forecast for 17/5/21 [NSE])](https://s3.tradingview.com/s/sPrG55sD_mid.png "TATA STEEL (Forecast for 17/5/21 [NSE])")
