Tata steel looks ready to shine again!Nifty Metal is trying to break its range. Tata steel is also ready for a good breakout. check the charts for further details.
TATASTEEL trade ideas
Tata Steel AnalysisHallo Traders, Good morning to everyone .. we are from Target Achiever Team today we are going to show you our Banknifty spot/Future and stock cash Multi time frame DIRECTIONAL ANALYSIS. If you love or satisfied our prediction and want get updated at right time so follow us..
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Swing trade in #TATASTEEL TATASTEEL potentially looks good to go back into bull run ,1065 zone is acting as strong support .
1. As 1065 is an acting support we can see that there's transition comming into picture( bull's are making their entry)
2.On 27th a bottoming tail candle with volume spike was seen ( in 1hr) which means seller's are less and bull's taking control + it was at its strong support zone which was tested 4 times before and didn't broke it.
3.Higher highs and higher lows are to be seen, confirms the trend reversal ,also for extra conformation(price level crosses above the 200ema + price is moving above 20sma)
4.Correction can be seen, either in time(consolidation) or in price (pullback).
5. Will take position at HL(pullback) 50% retracement zone as well as prior resistance as an acting support or Breakout of consolidation only if we see bullish sign candles.
6. Target will be between 1234~1245 (for swing).
7.On daily Tf Tatasteel forming #descendingtriangle pattern, can also add up share if breaks the resistance.
8.Do not forget to place your SL.
HAPPY TRADING!!!& I WISH IT WOULD BE HEPLFUL ,PROFITABLE AND KNOWLEDGEABLE TRADE ANALYSIS FOR YOU GUYZ
Tata steel is in triangle formation.Tata steel is a must buy as soon it breaks trendline resistance. Currently it is below 200 MA which clearly a big factor of not buying right now. Keep track of it.
Tata Steel Ltd.Tata Steel Ltd.
Pole & Flag Pattern on Monthly Basis.
Price Break-out happening.
Big Accumulation done. Low Selling.
Good to go for Next Rally (Infra Push in Budget).
Do Your Own Research as Well. This is Just an Opinion.
tata steel looks good for buyingNSE:TATASTEEL
Looks good for buying levels are mentioned in the chart
Note: I'm not a SEBI registered guy, its only for educational purpose
Tata Steel at demand zoneSteel prices are going for a one more hike globally. Tata Steel is looking good for the short to medium term trend.
Can enter at CMP,
SL: 1050 DCB
Targets: 1250/1350/1450 plus to ATH
Risk to reward is more favorable.
tata steel tata steel is at crucial level below 1050 can be more weaker a long support can be broke.
not a buy /sell recommendation. just for educational purpose.
TATA steel wave Correction EndEducational purpose only: Trading with your own risk. TATA steel wave (5) of a wave Y correction will be end soon.Take long position for a months.
3 support level mentioned in a chart . Charting mentioned levels are very prominent levels for perfect Retracement.
Tata Steel at 9 Months support level with H and S formationObservations:
1. Currently at a strong support level. Previously support taken at this level 4 times in the past 9 months.
2. Additionally support is also given by 55MA coinciding with the 9M support level
3. Inverted H&S is formed with 9 months span
4. Falling wedge with lower low formation with 7 months span
5. Current support level is also a Fibonacci level of 0.618 in the swing from Mar 2020 - Aug 2021.
6. There were reversal sign at this support level with a formation of doji candle, but this time a strong bearish candle is formed.
The current level being a very strong support level should help for reversal. As there is an indication of weakness, if the current level is broken strongly supported with an global event, major downside can be expected.
TATA STEEL - TRADING BETWEEN SUPPORT AND RESISTANCEAs you can see TATASTEEL has been trading between Support (green line)@ 1235 and Resistance (Red line) @ 1163
Reasons to go long:
1. Bounce off support
2. Broken downward sloping trendline with a bullish candle
3. RSI on 4 hr is oversold
Stop- 1 ATR below green line (support)
Target- Red line (resistance)
Beware of volatility going into Budget.
Happy trading
Elliot Wave View: NSE TATASTEEL (Short)NSE:TATASTEEL
January 27, 2022 NSE:TATASTEEL by Dinesh Naidu (Elliotician)
Hello Traders, In this technical analysis blog im going to take a quick look at the Elliot Wave Charts of TATASTEEL Cash NSE.
TATASTEEL Pulling Back in Wave (c), Looking for more downside
Short Term Elliot wave view in (TISCO) suggests rally to 1245, ended wave c of (iv) on January 17, 2022 high. wave (c) pullback is currently in progress with subdivison as a 5 waves towards downside.
Next Key support is at 1020.85 to 983 odd levels.
Formerly known as Tata Iron and Steel Company Limited (TISCO), Tata Steel is among the top steel producing companies in the world with an annual crude steel capacity of 34 million tonnes per annum. It is one of the world's most geographically-diversified steel producers, with operations and commercial presence across the world. The group (excluding SEA operations) recorded a consolidated turnover of US$19.7 billion in the financial year ending 31 March 2020. It is the second largest steel company in India (measured by domestic production) with an annual capacity of 13 million tonnes after Steel Authority of India Ltd. (SAIL).
Disclaimer: The investments discussed or recommended in the market analysis, research reports, etc. may not be suitable for all investors. Investors must make their own investment decisions based on their specific investment objectives and financial position and only after consulting such independent advisors as may be necessary.
Tata steel for shortNSE:TATASTEEL
if forms any W or bullish pattern then go long or short
Note: I'm not Sebi registered guy, it's for education purpose only.
Please contact your advisor before taking a trade.
Head and shoulder breakdown - Tata SteelClassical and beautiful example of head and shoulder
Target 770
Stoploss 1225
TataSteel - Head & Shoulder Pattern Once Neckline is broken, H & S bookish target is the vertical distance from head top to the neckline & projected below. Thanks
Tata Steel LongLong on Tata Steel. Reason for trade:
1. 200dma ( Good location)
2. Comtinous HL structure and first time HH structure formation.
3. Good breakout volume.
Note: Trade only for education. Don't take it due to my view, I am not a SEBI registered analyst or service provider.
Tatasteel on strong supportTata steel is currently on a strong support, a buy position can be initiated will 8-10% target for swing trade given a green candle with good volumes is spotted on the support zone.
tatatseel protect your investmenst1160 is last hope in this stock and after candle closes below upper red line in 4 hour timeframe it will crash till 780 good luck
invest at your own risk
Tata Steel AnalysisHallo Traders, Good morning to everyone .. we are from Target Achiever Team today we are going to show you our Banknifty spot/Future Multi time frame DIRECTIONAL ANALYSIS. If you love or satisfied our prediction and want get updated at right time so follow us..
