🔴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...
🔴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...
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 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...
Tata Steel (Future)
You can buy a future and patiently wait for levels as high as 800.
Tata Steel future is in an uptrend in the daily charts. I have been bullish in Tata Steel in a long time but it has slipped since then.
What makes me happy is that the candles have taken a support on 10 EMA at 681 levels and bounced back from there.
Data
650 is a major...
Tata Steel Futures
A very strong support at 679 was respected yesterday. The candle in the daily charts give us a bullish signal.
Uptrend is clear and I would like to hope that it will continue with a target of 718+ in short term.
Intraday support can be seen at 690 levels whereas support on closing basis can be seen at 684 levels.
Buy on dips for short term
Note: This is for educational purpose only.
On weekly chart, Tata steel was making lower highs and lower lows. The previous lower high was broken with momentum. RSI indicates overbought. There seems to be a consolidation before next up move. This is a positional view.
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.
![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])")
