Boradening wedege pattern breakout.After blowing my account, i am back to learning.
This is a Broadening Formation for a Descending Wedge pattern. The targets would be 122 and then it can give a breakout.
Feel free to comment.
TATASTEEL trade ideas
Wedge pattern Breakout in TATASTEEL.Discription:
Stock Name: TATASTEEL
Chart Pattern: Wedge pattern
Time Frame: 1 Hour
Breakout entry above : 108+
Breakout target above : 114+
TATA STEEL
Check the feb levels
cmp is matching with 6 months and 3 months poc. if its break the trendline and 110 which is 38.2 feb leven can play till 61 feb level which is 125 then trail yourstoploss till 130 which also stand for trendline and 1 year poc NSE:TATASTEEL
cup and handle patterncup and handle pattern is observed in tata steel .. right now handle formation is under process ... so wait for it breakout... in one day time period. the whole market is down due to nifty50\
TATASTEEL Ascending triangle !!NSE:TATASTEEL
#NSE:TATASTEEL formed beautiful ascending triangle.
Trading @ resistance level, tested twice.
Good for short to medium.
Buy Tata steel Buy tata steel after breakout target 150 it can be very good buying if breakout happpens. Be smart trade wisely
long Chart Aanalysis For TATASTEEL Just started chart reading and learning new things, cristism most welome. Ready to learn and work on suggestions. Thanks for your reviews and comment.
TATASTEELNSE:TATASTEEL
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose!
TATA STEEL- AVOID FOMO~ Tata steel is not ready to move yet.
~The stock is in down trend yet.
~ The stock is not showing strength yet.
~ RS is negative.
~RSI is not strong yet.
Tata steel going for breakouttata steel at support going to break out in furthur das. in my analysis 182 to 204 is target in futher days
TATA STEEL APPROACHING TO ITS CRUCIAL RESISTANCEAfter split the stock has rallied, almost 12% which now has put the prices at resistance zone (106-110) which was acted as a strong support.
The zone is around 106 - 110
-------------------👎🏻👎🏻👎🏻
Some bad about this stock
1) prices trading below 200 day moving average.
2) Price corrected recently 45% which is huge.
3) The volatile metal prices, making business projections , dismal.
4) On chart we are seeing that it is trading below 110 level which was support earlier.
+++++++++++++👍🏻👍🏻👍🏻
Some Good about this stock
1) Stock prices has shown a big rally recently
2) Overall market sentiments shifted slightly bullish , as after expected FED policy.
3) Metal sector overall on chart is bullish in short term.
4) RSI crossed 70 on daily chart , many will argue at this point that it is overbought case, but I don't think so.
5) Quarterly results were average.
=============
Conclusion : Stock will be bullish above breakout of resistance zone , so plan accordingly.
👇🏻👇🏻👇🏻👇🏻👇🏻👇🏻
Comment below if you want to add or correct anything.
Tatasteel will take support at 100After stock split on tatasteel it was gone to over buy.
So after overbuy it will take correction at 100 or 98. even it has tried to break out 200 EMA and may be its confirming by correction.
Lets see it will be bearish for September 2022 and then will be time to invest or buy
Lets' wait and watch
TATA Steel gives another chance ??TATA STEEL gives another opportunity to missed traders with a beautiful low volume pullback to its breakout point.
The first breakout was given on high volume and stop loss has still not been hit. Stock gives traders another chance to enter
long with a good risk to reward of 1:2.
This pullback seems to be a normal one and no need for more selling to take place, wait for a bullish engulfing or the high of the recent red candle to be taken out for a long trade.
Note: More aggressive traders could try entering as soon as the market opens to get an even better entry price.
Keep It Simple
tata steelTATA STEEL ....
1 - forming inverted h & s pattern
2 - avg volume
3 - price trading above 200 ma , support
4 - due to consolidation rsi bend 75
TATA STEEL Inverted Head & Shoulder breakout.
Tata Steel trading above 200EMA, in uptrend now, making inverted head & shoulder pattern.
sl should be 109,can buy above 110 for ST target 125.
Only for educational purpose,do ur own research .
Bullish on Tata steelBefore breakout stock already consolidate , now breakout happened it's good level to enter in Tata steel.
TATASTEEL CUPHANDLE NECKLINE BROKENTatasteel targets given. stoploss was bottm of handle on closing basis.
TATA Steel Swing 35% Swing Already done, 35% more to go. Took support at its parallel channel & also from 50% Fibonacci level. Add this in your watchlist
#TATASTEELStock is trading above 200wma.. can be accumulated with SL 105 at CMP 113.. for breakout above 115.. Target 130/145
Tata steel stock is good for swing tradeTATA STEEL stock is good for swing trade.
TATA STEEL stock resistance is broken
buy 113.90 and sp is 108 and 1st target is119 2nd target is 125
TATASTEEL breaks multi-month resistanceTATASTEEL breaks multi-month resistance and gave a retrace possible for a bullish move we can go LONG (BUY)...stoploss if it close below the support line
