Tata SteelAll My Discussion And Analysis Are For Educational Purpose And Future References. Please Kindly Ask Or Consult Your Financial Adviser Before Taking Any Investment Or Trading. Thanks //
TATASTEEL trade ideas
TATA STEEL Break out and SupportTATA STEEL Break out and Support
stock has done a gap up breakout look for long with Target of 96 and 100
TATA STEEL - Breakout TimeTATA STEEL- This stock is producing nice parton for short medium and long term. If the triangle starts moving on the Parton trade line, it could even show 1700 in the short term. This stock is creating a channel parton. There is no limit to the sky for this stock to go up.
bay abov 1395
tr 1 - 1470
tr 2 - 1535
tr 3 - 1610
SL - 1325
We are not a SEBI registered analyst. This is for educational purposes only. You must consult your financial advisor before you trade. We do not advise you to buy or sell. You can trade at your own risk. We are not responsible for your profit or loss.
Thank you.....
TATA STEEL DAILY ANALYSIS FOR SWINGERSR1 & S1 are the key levels, formed an symmetrical triangle pattern on the daily time frame.
Tested the R1 points 4 times before breaking DOWN .
After the price fall from the retest 4th time it consolidated & broke above.
Multiple timeframe analysis is also an uptrend.
GOOD TO HOLD FOR MUTIPLE WEEKS :))
[ INTRADAY ] TATASTEEL LONG BET
risk: Reward ratio is 1: 2
Rest as per Charts
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Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells “where” to act in “what direction. Unless it triggers, like, let’s say the candle doesn’t break the level which says “Buy/Sell if it breaks”, You should not buy/sell at all.
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I use shorthands for my trades.
“Positional” - means You can carry these positions and I do not see sharp volatility ahead.
“Intraday” -means You must close this position at any cost by the end of the day.
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Always follow a stop loss.
In the case of Intraday trades, it is mostly the “Low/High of the Candle”.
In the case of Positional trades, it is mostly the previous swings
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Simple Trade Setup | TATASTEEL | 18-10-2021 [INTRADAY]NSE:TATASTEEL
Observations:
1) On 1 day time frame, we can see that it faces resistance from 50DMA zone. And closed below 50DMA.
50DMA is placed at 1381.56 level.
Sustainable breakout of 50DMA on daily time frame will continue the uptrend.
Please refer below chart : 1day Time Frame.
2) On 1 day time frame, if we apply FIB RETRACEMENT then we can see that it trade between 50% and 61.80% range of FIB.
Please refer below chart : 1day Time Frame.
3) On 15min time frame, we can see that it is trading in uptrend parallel channel.
Upper trendline will work as resistance, middle trendline will work as support & resistance w.r.t price action and bottom trendline will work as support.
Please refer below chart : 15 min Time Frame.
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Trade Setup for Date 18-10-2021:
Most of the levels will remains the same as per previous setup.
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
#TATASTEEL - still strong#TATASTEEL - could be headed to 1400, 1420, 1450 and 1470, just long as it can stay above 1230 as SL.
TATA STEEL - Possible Bearish pattern (information only)As per the parallel pattern we can see a downtrend in TATA Steel NSE:TATASTEEL
tatasteel looks bearish if support breakcall highest oi at 1300, price is below it no significant put addition. look bearish if not crossing 1300 rs.
TataSteel Coming PathTata steel changes the cycle of bearish scenario, short-term tata steel taking bounce back.
TATASTEELCMP: 1294
Symmetrical triangle has been formed.
Waiting for the stock to come out of this triangle.
Support around 1245-1250.
Expectation: 1325, 1360
TATA STEEL... METALS ARE LOOKING GOODAn ascending triangle breakout in Tata steel. All metal stocks are ready for the rally. Good to buy for targets of 1400 plus.
Looking good above 1345Looking good above 1345.
Target: Market Resistance zone in red
It is for education purpose.
breakout trade tata steel to breakout above 1353 . so buy it at present rate and keep stoploss at 1232 ,you can take this trade for 1 week or for neutral term . buy it for breakout and keep target of 1400 and 1450 .
