Cycle and Pattern might be repeated :)wait for 2 Higher lows and then buy at sellers stops
can be good buy trade for short term
TATASTEEL trade ideas
TATA STEEL RE POSTtata steel trade still active and can enter for swing or intraday if closes above 134
with stoploss between 132-132.5
TATA STEEL MIGHT TAKE A U-TURNTata-Steel at best support zone might give an upside move by taking a u-turn
best swing opportunity with a very low S.L
entry around 133.75-134 or above
S.L at 132.5 or below 133
for targets like 135-137, 139.5, 141 and above
Tata steel sell recommended near 139 with 142 SL 131next TargetOn Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% ..
Please note:-
It's working on news based and volitile market very well so exit if SL hit
TATA STEEL | Time for Metals to ShineIt has been consolidating in triangle pattern since very long and it's on the verge of breakout. Metals have cyclical nature and CNXMETAL is also forming good pattern for breakout so seems like it is time for metals to shine. Ensure that volume is more than median during time for breakout to avoid false breakout.
Entry -: 117.45 (at least 1 hour closing candle)
Target -: 172
SL -: 104 (daily closing basis)
RRR -: 1:4
Use trailing SL after 1:2
Tata steel near big resistance if 142 not break then 132, 124 On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% ..
Please note:-
It's working on news based and volitile market very well so exit if SL hit
TATASTEEL BREAKOUTTATASTEEL in a good momentum zone ,after breaking flag pattern it also broke its resistance levels ,so as per me it can be a next big thing
Tata Steel is longterm stock buy and forgetTata Steel is longterm stock buy and forget
-rise in volume
-ema rising looks strong
-broke triangle pattern
-buy for longterm
TATASTEELNSE:TATASTEEL Near the Strong Supply Zone add to your Watchlist Focus Above Rs.153 or 154
Because We Have Two Resistance
TATASTEEL review - resuming upwards journey past 150++reviewing NSE:TATASTEEL
chart posted on 31st July 2023 when the price was 123
After some consolidation, now resuming upwards journey and now trading at 134
This stock offers ample opportunity to enter before it moves past 150++
The objective of this analysis is knowledge sharing and education. There isn't any buy or sell advise in this article. Every stock is held for a short to medium amount of time and is positional.
It is expected of each person to carry out independent research and evaluation to ascertain whether my perspective is consistent with your studies.
link of 31st July 2023 post given below
Tata steel can give minimum 20% in short termTata steel in breakout region,
One can go for buy above the resistance level
Buy range above 134
Stop loss 130
TATASTEEL Looks good for short term investment.
Trading at 129
Keep sl at 109
Target can be 220
Disclaimer :-script discussed only for educational purpose . Not any recommandation to buy or sell. You will be fully responsible for your profit & losses.
Focus on it🚀🚀🚀🚀🚀🚀After long time of underperforming now this stock is ready for 200 + in coming weeks
Buy on every dips sip is more important things
Invest only blue chips
Bullish Piercing In TatasteelBullish Piercing Reversal Pattern
With Good Volume & Previous Supports
Buy At Cmp - 118.1
SL - 114 ( Day Closing Basis )
#Tatasteel cash : Positional long above 120#Tatasteel cash -Positional call
02.Nov 2023
Buy only above 120.10
& dips at 118-118.25
Stoploss 115
Target 128-130/138
Cmp 118.10
Q&A_ What is meant to never sell at a loss?Namaste!
You must have heard the words of great investor of all time.
Mr. Warren Buffett once said, “The first rule of an investment is don't lose . And the second rule of an investment is don't forget the first rule."
Losing money means, in simple terms means, selling at a loss . People get fearful and sell when the stock starts falling. There can be unlimited reasons for this happening, we will never going to find it out. What we can do, is just two things:
Buy and Sell .
As long as our sell price is greater than our buy price, we're not losing: that's our purpose here . It is a very key thing and hard to implement though.
I often wonder why the retail people don't sell, when the stock get's them 3 times profit of their buy price. This is also the case with institutions. They don't sell, when the stock gave them 3 times, but they do, when the stock has been came down up to their buying price , and they get happy thinking, that at least I have saved my capital from eroding further. NO brother, you lost opportunity cost. As soon as you sell, some of the great minds and investor buy from you (including WB). It is very very simple logic, but people make it difficult. If you can somehow counter this, a gate to investing success will open.
Anyways, look at the stock Tata Steel. Many could have bought it and sold it at a loss, between a very long period of consolidation (i.e. 13 years).
Okay, let's assume, you could have bought the stock at around Rs 516 (which is an average of swing highs and lows). Buying at a high is another a very big mistake, but I will explain it any other time.
You would be getting a return of (132% price appreciation + 3% dividend yield for 13 years = Total 171% return). That's around 13% annual average returns.
Did you lose money?
A: Of course, who sold it at a loss, loosed money. But the people who held it for these years, have made 171% return at minimum. Congratulations, you beat the market.
I know some people will say me that, why did you chose Tata Steel, why not Rpower, Unitech, Rcom, etc.
Well, I couldn't have placed all eggs in one basket. Sure some of the stocks in my portfolio will get negative returns, and even become zero. But, I am 100% sure, than there will many companies in my portfolio, which will be compensating them, and eventually make me money.
Important: "Portfolio diversification isn't important to maximize gains, but to reduce risks" . Sure, you can add some risky stocks (like small and micro-cap) to increase your returns, but primary objective here is to reduce risks. But don't overdo it i.e. more than 2-3 companies in a portfolio of 10 companies.
And, I have a method which, doesn't allow me to add more of any stock, if it is continuously falling.
Disclaimer: The analysis I have shared is based on my understanding and experience in the markets. Investment carries an element of financial risk. Please do your analysis and/or consult your financial advisor before investing. I already have some shares and may/will add more if I get another opportunity.
Kya TATA STEEL banega Electric EEL ?I assume it will travel in the Ascending Channel.
Dow theory Confimation
Break-out followed by wave 2 pullback.Tatasteel has completed complex corrective pattern on higher degree when it went past 124 wave X peak managed to close above it.As can be seen stock is making higher highs and higher lows since the completion of wave y of WXY correction on intermediate degree.
Post break-out we are seeing a pullback in the form of wave 2 which is taking support at the same 124 odd levels.We also have 38% retracement of the impulse wave 1 on minor degree at 124.
Going forward a close above 131 will confirm the end of wave 2 on minor degree and start of wave 3 impulse on minor degree.Fib target for wave 3(161% extention) is coming at 170,however 100% extention is coming at 151.
One can initiate long above 131 for target of 152-172 with a stop-loss of 122.
Disclaimer:This analysis is for my future reference.No position should be solely on its basis.
