Get started

Tatasteeltechnicalanalysis

Tata Steel Ltd - Breakout OpportunityDate : 26-Sep-2024 LTP : Rs. 165.61 Resistance Levels: (R1) Rs. 184 --> (R2) Rs. 210 Support Levels : (S1) Rs. 147 --> (S2) Rs. 142 Technical View: • NSE:TATASTEEL is in strong primary uptrend and was recently going through it's secondary downtrend within primary uptrend. • After touching the high of 184.60 on 18-Jun-2024, it has retraced 23% to 142.35 level. • NSE:TATASTEEL has breakout from it's secondary downtrend with higher than average volume. Breakout is also supported by increased volume in last few sessions. • NSE:TATASTEEL is trading above both 20 DMA and 50 DMA since last few sessions. • RSI is trading at 70.29. MACD is trading at 1.38. Both MACD and RSI are showing positive divergence. • Looking good to start a new swing from here. Like the analysis? Boost/Like this idea and follow my ID. Disclaimer: I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market. My ideas are published for learning purpose only and are available to everyone at no cost/charge.
NSE:TATASTEELLong
by vicky252
2
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!
NSE:TATASTEEL
by Avinash9087
5
Simple Trade Setup | TATASTEEL | 07-06-2022 [INTRADAY]NSE:TATASTEEL Observations: 1) 1Day TF for reference. Please refer below chart : 1Day time frame. ------------------------------------- Trade Setup for 07-06-2022 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.
NSE:TATASTEEL
by Trading_hawk