Tatasteel showing some bearishness . Ofternoon breakdown I plan for go short on this script...🏁
Tata Steel LTD Analyasis on 03 mar 24 Breakout of Rounding bottom formation breakout of all time high after Aug 2021 add 25% now add more quantity after breakout retest @ 140-145 Keep stoploss 130 (on closing basis) target 160 - 170 -180 rounding bottom target 200
Huge potential is there. For investment ; . trendline is now broken, wait for small retracement daily candle to close above - "122" . . if you are interested in investment, go for it with proper risk, . . overall "TATA STEEL" fundamentally good stock. . . Enter only if market Breaks "Yellow box" mentioned. . Wait for proper reversal and conformation. . Don't...
The stock moved past its prior all time high of 153. The Monthly RSI has bounced from its bull phase support level of 47-55 zone, Monthly MACD is also positive. If the scrip is to repeat its past price behavior, it becomes a good investment option with target around 335. Bullish outlook remains intact as long as price is above 150.
As the Momentum indicator suggest that momentum is capped now. And it has a book value of 82/- which is like 50% less than the current price. Usually steel shares trade near book value. The fundamentals are opposite to the movement of stock currently. Wait for the q4 results for any decision
Tata Steel :- - Monthly RSI showing signs of Divergence - The same could be observed on Weekly RSI as well - On daily the candle formed on 26.04.24 seems to be bearish in nature with high volumes forming a double top around the levels 165/170. The Fib retracement could be seen plotted at 154-150, 0.5/0.618 respectively. A short can be initiated from the levels...
Reason for long a) Triangle breakout b) weekly breakout c) QQE above zero d) All metal stock up f) volume spurt g) SL compulsory
Cycle Degree:Blue Primary impulse:red Primary Corrective:Yellow Monthly chart of Tata Steel is suggesting price raising in zigzag corrective pattern on cycle degree of which we are in wave C shown here in blue.As zigzag being a 5-3-5 pattern wave C is unfolding in an impulsive manner on primary degree shown here in red.This impulse has completed wave 4 recently...
Tatasteel looking good for short to medium - Target 157+ 30% upswide potential
Buy abv 125 Target 138, 150. SL 112 Trend line broken, 125 abv only strong movement we can expect
Hi friends sharing a view on Tata steel where i observed a horizontal trendline breakout of ascending triangle on weekly timeframe and it seems a good opportunity to go long in this stock where Tata steel relentless climbing continues as it achieves a milestone with a weekly breakout to an all time high and bulls rejoice as price defies the expectations of bears...
Tata Steel has crossed its major resistance and towards of a new high. entry after a small correction Target 154 next target stay updated Note this is only for no educational purpose so all risk is yours I am not responsible for any loss or profit.
Tata steel technical indicators and trend analysis
As per my previous analysis as you can see after taking retrace at 115 level it take a bullish move. Now you can add more position at the range between 156.90-153.55 . As I'm expecting price will come here once . Our Support :147.35
Tata steel is looking very strong. It has crossed all time high two days back. And it has rested its level and it looking to go up Apple. I have consider year low and project based on that price.
DON’T HAVE TIME TO MANAGE YOUR TRADES? - Take BTST trades at 3:25 pm every day - Try to exit by taking 4-7% profit of each trade - SL can also be maintained as closing below the low of the breakout candle Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and...
Tata steel has given a good beakout. We can see 150-160 levesl in 6-9 months of timeframe. keep sl 110
- inverted head and shoulder break out done, ascending triangle trend line break out done, pennant flag breakout done, R1 also crossed nicely. - But bearish butterfly hidden inside on weekly chart which make some nerves among uptrends movement. - new investor please wait for correction - 140 is the trend line support. this analysis is for learning purpose...