TATASTEEL LONG IDEATATASTEEL looks good
Fresh breakout is confirmed in weekly chart. It is in retest, can be a good trade if planned properly.
Weekly & Monthly Stoploss is given.
Tatasteelideas
Tata Steel Analysis!Tata Steel Daily Analysis
Symmetric Triangle Pattern Formation in Tata Steel
Tata Steel has made Symmetric Triangle Pattern. I did all analysis on the daily Timeframe chart and also metioned Projected profit over there. Symmetric Triangle Pattern is a continuation pattern. So i am waiting for the clear Breakout / Breakdown . As price gives Breakdown / Breakout we can initiate our trade in this way.
Keep an eye on Tata Steel and wait for which side it will give Breakout / Breakdown!
Tata Steel Waiting For Correction near 70-80 AreaTata Still is in weekly correction, and correction could move price to the next zone of 70-80 rupee.
TATASTEEL Looks Bullish TATASTEEL Has seen Fresh breakout on the Daily and 4- Hourly Charts. When Observed on the weekly Chart Strong Support at 106 is seen in the stock. Stock Broke the Resistance Levels 106 Retested it and again heading towards higher levels. We are Going long on TATASTEEL Future at CMP 112.25 For the Targets of 120- 125 and Stoploss of 105.75
TATASTEEL Weekly Gann Levels TATASTEEL weekly S/R Levels according to Gann price Square
levels with # mark are more important levels to watch out
TATA STEEL AnalysisGaps 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 to watch Volume & OI & then take position.
Con 3: If we witnessed Gap down opening, Wait for support breakout in 15 min candle then only go with short positions.
Note: OI & Volume to be considered in all the trades.
Tata Steel (Update)NSE:TATASTEEL
Hi Everyone
This is an continuation update of our previous forecast. If anyone has any query feel free to ask me.
Thank You
Wave Forecast
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.
Tata Steel - LongTata Steel - Long
Buy zone:1132-1062
Upside Target: 1185 1245
Support Levels: 1089, 1040
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**Disclaimer:
I am not a SEBI registered consultant/Advisor. It is completely my view and opinion. My intention is not to provide any financial advice, training advice, or any type of advices or any recommendations on stock buying or selling. Please do your own research and consult with your financial advisor before taking any action. I am not responsible for any of your action on buying or selling or holding the above mentioned stock or/and index.
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Tata Steel 11 Year BreakoutBuy Tata Steel At Cmp 766.85
Add More If Price Fall To 650-670
Strict SL - 585 (WCB)
Target - 1250++++
Channel pattern exactly at resistance.Price as discussed in weekly time frame ( related ideas) rejecting from the trend line, as said after confirming the rejection we can go for short trades.
AS seen in the pic price is forming a parallel channel pattern at the weekly trend line which is the rejection levels, wait for the channel break and enter the short trade.
If channel breaks up then the above analysis is invalid look for long trades, don't jump in long trade immediate.
At Channel Top once again.Price once again reaches the channel top and there is high chance for rejection from this level. Only thing is wait for the reversal signal and go for the short trade, do not enter without confirming the rejection.
