Multiple pattern breakouts in Tata steelStudy : 1. Head and shoulder pattern breakout with good volume 2. Ascending triangle pattern breakout Target and SL are show on the chartLongby nsdtradingUpdated 3
How is the share price formed on the stock exchange? We do itYou already know that the stock exchange is a one-stop place to buy or sell stocks, whether you are a novice investor or a seasoned professional. But even if you don't trade stocks, you will still "come" to the stock exchange to find out stock prices. Let's find out how the exchange price of a stock is formed. Regardless of what country the stock exchange is in, the rules for determining the price are similar for everyone. Let us understand how it works, as always, with the help of our imagination. Imagine a large rack of books. Each book has a name on the cover: Apple, Facebook, Amazon, etc. Let's take one of the books, let's say Facebook, and open it. We will see only two pages, and they are both blank. On the left page we will record buyers' orders to buy shares, and on the right page we will record sellers' orders, respectively, to sell shares. So, every day the exchange, when it opens trading, essentially opens such a "book" and records every bid it receives. What should be written in the order? First of all, there must be an abbreviated name of the stock, or, in professional slang, the "ticker," to understand which book to get off the shelf. For example, Facebook shares have a ticker consisting of two letters FB, while Apple shares have four letters - AAPL. Second, the order must indicate the direction of the transaction, i.e. "buy" or "sell". This is how the exchange understands whether to record the incoming information on the left or on the right page of the book. Third, the order must indicate the price per share, so that the exchange can sort the orders in descending order of price from top to bottom. Fourth, the order must specify the volume in lots, that is, how many lots of shares we want to buy or sell. To clarify: Shares on the exchange are not traded by the piece, but by the lot. The lot size is set by the exchange. One lot may be equal to one share, or a hundred, a thousand, or even ten thousand shares (depending on the specific share). This is really handy because the price of one share can be equal to, for example, the price of your computer (then 1 lot may be equal to 1 share), and sometimes 1 share may be worth as much as a box of matches (then 1 lot may be equal to a thousand shares). Why "may be"? The specific rules for determining the lot size depend on the laws of the country and the exchange itself. For example, on the New York Stock Exchange (NYSE), the usual size of 1 lot is equal to 100 shares. So, let's return to our example. Suppose we want to buy shares of FB at a price of $100 per share in the amount of 10 lots. Then the exchange will record the following on the left side of the FB book: 100$ 10 Then there is a seller who wants to sell FB stock at $110 per share in an amount of 20 lots. Then this is what the exchange will record in the right side of the book: 110$ 20 Then there is a buyer who wants to buy FB stocks at $115 per share in an amount of 25 lots. The entry on the left side of the FB book will look like this: 115$ 25 And now comes the interesting part. Did you notice that the $115 price in the last buy order is higher than the single sell order of $110? That means the buyer is willing to make a deal at a price even higher than what the seller is offering. So at what price and what volume will the deal end up being made? Please wait for the next post.Educationby Be_Capy4
Tata Steel: Inverted Head and Shoulder PatternNSE:TATASTEEL has the following features: Head and Shoulder Pattern breakout High volume High momentum Trade: Buy above 116, SL: 112, T: 118/122/124 Sell below 112, SL: 116, T: 110/109/107 Longby pradipandsuvra0
Tatasteel good to buy position ( bullish moment )its 60EMA + half trend strategy. all rules are confirmed Target : 125-128 Entry : 110 SL : 100 or previous low Lets wait and watch. Longby apstockanalysis5
Tata Steel-150 levels possible Tata Steel has reclaimed 50 EMA in weekly time frame and can breakout out of a flag pattern. Has some resistance at 114 levels therefore can have downmove in between before moving up. Once crossed, can move above 150 levels.Longby Chartworld11
TATASTEEL on Breakout. recommended BUY above 111.3TATASTEEL on Breakout and with good volume . recommended BUY above 111.3 tomorrow (Friday 2nd December)Longby JJ_Breakouts1
Tata Steel Ltd.Tata Steel Ltd. ABOUT Tata Steel Ltd is Asia's first integrated private steel company set up in 1907. The company has a presence across the entire value chain of steel manufacturing from mining and processing iron ore and coal to producing and distributing finished products. The company has a target to increase domestic steelmaking capacity to 30 MnTPA by 2025. Product Portfolio Special Steel: It is used for high-end and critical applications such as forging, bearings, fasteners, springs, etc. which are used primarily by the Automotive sector but also in other areas such as construction, capital goods, etc. Sponge Iron/DRI (Direct Reduced Iron): It is highly commoditized in nature and used as a raw material (Substitute/in addition to Steel scrap) in electric arc furnaces or induction furnaces. Market Position The Co has increased its market share in the Alloy Wire Rod business to 20% in FY21 vs 12% in FY20, supported by an increased share in the 2Ws segment. In the automotive segment, the domestic market share of the Co grew to 15% in FY21 vs 12% in FY20 supported by a leadership position in CV with a 38% market share. Production Volume In FY22, the company produced ~839,000 tonnes of Direct reduced Iron (DRI), ~684,000 tonnes of Crude Steel, and ~672,000 tonnes of rolled products. Geographical Split India: 92% in FY22 vs 91% in FY20 Outside India: 8% in FY22 vs 9% in FY20 Manufacturing Capabilities The company owns and operates a steel plant in Jamshedpur (Jharkhand) and a sponge Iron Plant in Keonjhar (Odisha). Its capabilities include:- Crude steel capacity: 1 MnTPA DRI: 1 MnTPA Iron ore mines: 2.5 MnTPA ROM Captive Power capacity: 160 MW TECHNICAL ANALYSIS. Time Frame - 1D. 1. Good traded and delivered volume. 2. Increase in FUT. OI. 3. Highest OI in a call at 110 strike price. FUNDAMENTAL ANALYSIS. Sector: Steel. 1. Market Cap - ₹ 135,197 Cr. 2. Stock P/E - 4.71 3. Price to book value - 1.26 4. Debt to equity - 0.81 5. Free Cash Flow - ₹ 34,428 Cr. DISCLAIMER - All analyses are for educational purposes. it is not trading or investment advice. #education #markets #equities #stockmarket #technicalanalysis #stocks #investment #trading #india #finance #fundamentalanalysis #nse #bse #supertrend #education #investing #investments #financialmarkets #learningeveryday #learning #metal #steelLongby mayur16301
Tata Steel- Symmetrical Triangle PatternNSE:TATASTEEL 110 1. Breakout in Symmetrical Triangle Pattern 2. Last 3 Candlesticks strong with bullish formation 3. Support near 105-102 level (Swing Low) 4. Resistance near 115-130 levels (115 level formed by Symmetrical Triangle) 5. Support near 100 level (Swing Low) #TechnicalAnalysiswithMrChartistby Mr_Chartist_19
TATASTEEL GOING TO MARS ?TATASTEEL is been consolidating in a symmetrical triangle pattern for last 6 months now it was successfully broked . get on the ride with sl of 100 only and target of 125/150/240++Longby StockKidOfficial8
BULLISH SWING TRADE IN TATA STEEL1. Bounce from trend line 2. Bounce from support zone 3. Bounce from 200 EMA 4. Short term trend line breakout Target and SL are shown on chartLongby nsdtradingUpdated 2
TATASTEELTATASTEEL looks good on chart to go long confirming the inverted HnS pattern. I missed to share this opportunity at 100 price at .50 fibo level and 40level RSI support, which was a good chance to enter. But if you are a risk taker and still want to enter, then you can keep your target to the next trendline as drawn. (I might soon exit from my open swing position, so please do your research and then only enter. This is purely for educational purpose only)Longby yourtradebuddy1
Heading towards 120As per the trend lines, Tata Steel is heading towards 120. Waiting for golden crossover. Volume is seen increasing too.Longby soniabhishek0070
TatasteelAlways follow Risk and Position Management❇️❇️ For more information like this follow me in Tradingview @Jagadeesh11616125 Happy tradingLongby Jagadeesh116161255
TATA STEELNSE:TATASTEEL has formed good base. Once breaks above 109 Can give good Bullish momentum. Expecting a Rally. Longby TrendonomicsHD14
Tata Steel – Predicted Intraday High Low Range for todayTata Steel– Predicted Intraday High Low Level for today. Today Tata Steel will trade in between the marked zones. Look to BUY at Green zone and SELL at Red zone.. Any breakout either side we can expect strong move towards the breakout side. Along with these levels we should also confirm our entry with Price action.Shortby ViVenTraders5
TATA STEEL --INTRADAY SETUP --28-11-2022TATA STEEL - HOURLY CHART --INTRADAY SETUP -28/11/2022 1. tata steel hourly chart seen trading at lower channel 2. last hourly candle seen breakout on lower channel at above 105 level 3.RSI seen abobe WMA and above 60 level now bullish for short term 4. one can initiate BUY on intraday at 106 for target 108-109-110 and stop loss 103 level 5. intraday support 103.75 , 105 and resistance 107.50, 110 as mention on chart THIS IDEA IS FOR EDUCATIONAL PURPOSE ..trade at own risk.. Comments and suggetions are welcome .!! HAPPY TRADING . !!Longby champtrade111553
LongChart pattern clearly shows breakout and retest On daily chart we can go upto 109 ,113 current targets 100 can be ur sl . Long term also it's good rest make your own decision Longby tenper1002
Short Tata Steel to get target of 94-95on 4 hour time frame it indicate bearish hold as it already broken previous support now wait for the target to achieve between 94-95.Shortby AStockbroUpdated 8
Tata steel Tata steel formed a ascending triangle Watch this breakout and take this trade #dyorby deepanshu-066
TATASTEEL this weekTATASTEEL is in resistance but after a retest on a support level this stcok will show a bullish move but at present this stock is in a bearish zone ...Shortby VasuDev7778
#TATASTEELTATASTEEL ready for a fresh move In Q1 RRG No Overlap shows bullish structure 105.25 should not be crossedby krishnakhannaUpdated 3
Tata Steel : Good Break out available at Very Low price.Market Cap is ₹ 131,351 Cr ROCE - 31.6 % ROE - 42.6 % Debt - ₹ 87,516 Cr Reserves - ₹ 106,277 Cr. Profit after tax - ₹ 28,727 Cr. PROS Stock is providing a good dividend yield of 4.74%. Company has delivered good profit growth of 76.8% CAGR over last 5 years Company has been maintaining a healthy dividend payout of 43.0% CONS Contingent liabilities of Rs.40,505 Cr. Company might be capitalizing the interest costLongby Bhavesh_Borad115