Tatasteelviews
TATASTEEL Analysis & PredictionThis is the analysis of TATASTEEL in the weekly Time Frame. Watch carefully. The chart explains itself.
If it breaks and sustains above the upcoming resistance level, it is good for the stock.
There are some prediction levels. These Levels act as Support and Resistance according to position of price. You have to trade according to level breakout or breakdown.
Always maintain your risk management.
Book your profit according to your “STOMACH”.
Disclaimer:
This is not investment advice. I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult your Financial Advisor before taking any decision or trade.
Happy trading.
About TATASTEEL :
Tata Steel Ltd. is a holding company, which engages in the manufacture of iron and steel products. It operates through the following segments: Agriculture, Automotive Steels, Construction, Consumer Goods, Energy and Power, Engineering and Material Handling. Its products include Automotive Steels, Galvano, Tata Agrico, Astrum, Bearings, Pipes, Precision Tubes, Shaktee, Steelium, Tiscon and Wiron. The company was founded on August 26, 1907 and is headquartered in Mumbai, India.
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!
Triangle break out in Tata Steel 17/07/23.Tata steel is taking resistance from a trend line after forming a ATH in 2021 and the resistance line has been tested 4-5 time and finally it is near a break out.
The stock took support from 20 ema on the weekly charts and has formed 'W' pattern.
As the markets are trading and forming new highs. Stocks will also follow the same. Watch the metal sector move and the stock too.
Metal sector is trading around 21400 levels giving 3.25% or 680 points move in a week.
The index and stock both are in green and if the sector remains bullish the stock can give good bullish targets.
On daily time frame, there is a triangle break out and a bullish moving average cross over.
Entry :- Above 117.5
Targets :- 124, 130
Let the stock cross and start trading above the entry level. Long term investors can accumulate the stock for 15-20% return.
Positional stock positions can be initiated and option traders can form a hegde in August series and trail there stop losses.
Swing positions for a 5% move can be initiated as probability of bullish move is there in the stock.
Wait for the price action near the levels before entering.
Tata steel Tata steel looks good till upper trendline.
As it has formed IHNS so it will give that target also it is forming bullish flag pattern on daily chart. So looks a good bet for long term.
Will prefer adding in all dips. Sl below trendline.
Views personal.
I Can go wrong.
Not a trading recommendation.
DYOR
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
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.
Simple Trade Setup | TATASTEEL | 07-06-2022 [INTRADAY]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 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.
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 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 Bullish Swing SetupTATASTEEL gave Double Bottom Neckline breakout and retest and now looks good for an upward move. One can look for fresh entries for a swing position.
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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.
Tata Steel - Extreme bullish ATH closing🔴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 its bullish pressure after the breakout)
After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
Comments
Tata Steel - Flag pattern🔴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 its bullish pressure after the breakout)
After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
TATASTEEL Last Wave - Full AnalysisTatasteel 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 not SEBI registered . All Views and trade setups are my personal view and my personal trade setup.
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TATA STEEL (Forecast for 19/5/21 [NSE])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 a Great Idea NSE:TATASTEEL
GANN Fans shows that a Down Trend will start soon.
My own Developed Indicator tells me to Sell Positions.
So there will be a Potential Bearish Trend.
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