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The price levels of Tata Steel have moved above the bull flag but remain stall at the Long term sloping trendline. Any close above 716 will negate the Head and Shoulder pattern formed where bears might get stopped out and can act as a good long entry for a target of 735 with a stop at 710.
It is been observed that the price action is facing resistance at 615-620 levels, indicating a further fall to the support levels.
SL - 620
About to BO 52W highs...go long in July futures to chase the momentum by keeping initial SL today's low 508 & trailing upwards as stock moves in coming days.
evening star @ resistance and divergence in ocsillators...
BSE:TATASTEEL is in uptrend and you can see the channels and zones in this chart.
Head and shoulders type pattern on 15 min tata steel chart after nice bull rally
buy above - 451.35
stoploss - 443
target - 474+
as we can see that there is a bullish engulfing pattern there and bullish divergence there add to it and prices above 8 ema clearly a buy call with high volume and stochastic hitting oversold level
Divergence has been spotted and there is a high chance for the price to move up in coming days.
Target 1 - 431.50
Target 2 - 433.26
Stoploss - 378.92
bearish engulfing pattern and negative divergence
strong resistance there and i think i can short there
there are couple of dozi and hammer there and this shows i decision there
and i don't think the stochastic is giving us right direction
as it is in overbought condition
TATA STEEL was looking good till mistry's mytery. Now that all the TATA stocks are dragging and weak markets before US elections and very Crude Oil, markets may not witness any rallies. Using this TATA group may be chosen as scapegoat. 379 is the trend support.below which we can see 350 levels.Bounce from the support zone can be used as a buying opportunity only ...
It is been observed that the price action formed an important harmonic pattern called Bat Pattern indicating bearishness and a counter trend trade opportunity. It is a low risk trade as the price action has already reached to the previous resistance levels at 406. Now if the price action breaks and close above the previous resistance levels of 406 then we shall ...
It is been observed that the price action has previously breaks out from a channel and then retrace back to the previous channel trend line, forming a V shaped signaling completion of retracement and now the price action shall further move down toward 340 target levels decided on the facts:
1. Measurement of the breakout channel and
2. Previous Resistance levels ...
Tata Steel ranging and trading in a uptrending channel as marked with Purple on chart. I believe today's closing shall determine further movement of price action in it. If the price action closes above 406 levels then we might see further rally as buyers confirmed strength and pressure and shall take prices further up. In case it closes below 404 levels then we ...
Tata Steel on its weekly charts seems to be breaking out with a cup n handle pattern signalling a medium term breakout from its bottom. Looks set for 440 and 500 levels
After two weeks of correction, this week Tata Steel has broke out and closed above 378 levels and confirmed the bullish trend. Now, it will continue its uptrend and will reach to 430 levels which is the next resistance point.