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Tatsteelanalysis

TATASTEEL for 45% (approx..) Potential GainTata steel is showing retest breakout... according to some theories RETEST STOCKS ARE THE BEST STOCKS... All data is available in public domain.. CMP : 160 TG : 215 SL : 142 Stock's selection based on 5 Point Analysis: 1: Idea : Retest Breakout. 2: Support : Volume, Delivery & VWAP. 3: Technical : 9/21/55/200-EMA, RS>0, MACD, RSI & Super trend up. 4: Fundamental : PE, PAT, Industry & peer PE and sector performance. 5: Timing : Entry Timing on day chart. Disclaimer : It is my personal view as a trader and for educational purpose only. Equity market involves risk . Please consult your financial adviser before taking any decision. Disclosure : going to Hold
NSE:TATASTEELLong
by SthitaprajnaYogi
Tata Steel Good BuyHello fellow traders, Tata Steel recently experienced a breakout from its established trend line a few weeks ago. Currently, it appears to be retracing towards the ascending trendline from above. This retracement could present an attractive buying opportunity for investors. Additionally, on the price chart, Tata Steel has formed a symmetrical pattern. This pattern is characterized by a series of lower highs and higher lows, creating a converging shape. In the context of this symmetrical pattern, it's reasonable to anticipate that after breaking out of this formation, Tata Steel's stock price may potentially ascend by around 63 points. To explain further, a symmetrical pattern suggests a period of indecision in the market, where buyers and sellers are in equilibrium, resulting in a converging price structure. The breakout from this pattern often leads to a significant price movement, which, in this case, is expected to be an upward move of approximately 63 points. This could provide a trading or investment opportunity for those looking to capitalize on the stock's potential upward momentum. NSE:TATASTEEL NSE:NIFTY Safe trader can wait for 115 level to buy
NSE:TATASTEELLong
by Anand_7
TATA STEEL SHOWING A BREAK OUT SIGN!Tata steel stock price has fallen in recent times. However, the price is showing bullish signs now. The volumes are increasing and the price is nearing a breakout. The overall metal index showed a bullish sign. The XABCD bat pattern sets a supply zone/ PRZ which has to be taken out to make a new all-time high. Start booking the profits from the supply zone and trail until the all-time high is broken. The short-covering moves can take the price to the ultimate target set by the XABCD bearish crab pattern. The breakout, stop-loss, and target levels are mentioned on the chart. Happy trading :) This is just for educational purposes.
NSE:TATASTEELLong
by Sanjan91
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