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
Gaps 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...
NSE:TATASTEEL
Observations:
1) 1Day TF for reference.
Please refer below chart : 1Day time frame.
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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...
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...
Tatasteel is in a correction mode . So, do not initiate a buy position until ATH is crossed.
For buying follow the given levels.
Buy- Above 1450
SL - 1220
Target - 1300 1350 1370
For shorting given levels should be considered.
Short - Below 1070
SL - 1110
Target - 1030 1000 950 900
If TATASTEEL corrects to 900 , then you can buy for swing trade.
Note:- I am...
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 - Long
Buy zone:1132-1062
Upside Target: 1185 1245
Support Levels: 1089, 1040
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You can also see my other stock analysis and the...
current patterns:
1.trading in parallel channel
2.closely following trendline support
3.mid of parallel channel will act as resistance and the trendline support confirms that if the whole channel is broken downside.
4.if it breaks upper channel then we can see testing of resistance of 350-360.
CLOSELY OBSERVE THE PATTERNS WE WILL SURELY GET GOOD MOVES AS MULTIPLE...
![TATASTEEL: Simple Trade Setup | TATASTEEL | 07-06-2022 [INTRADAY]](https://s3.tradingview.com/8/8swhj82E_mid.png "Simple Trade Setup | TATASTEEL | 07-06-2022 [INTRADAY]")
![TATASTEEL: Simple Trade Setup | TATASTEEL | 21-10-2021 [ INTRADAY]](https://s3.tradingview.com/k/kKDc57zq_mid.png "Simple Trade Setup | TATASTEEL | 21-10-2021 [ 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])")
