Cycle Degree:Blue
Primary impulse:red
Primary Corrective:Yellow
Monthly chart of Tata Steel is suggesting price raising in zigzag corrective pattern on cycle degree of which we are in wave C shown here in blue.As zigzag being a 5-3-5 pattern wave C is unfolding in an impulsive manner on primary degree shown here in red.This impulse has completed wave 4 recently...
Tata Steel LTD Analyasis on 03 mar 24
Breakout of Rounding bottom formation
breakout of all time high after Aug 2021
add 25% now
add more quantity after breakout retest @ 140-145
Keep stoploss 130 (on closing basis)
target 160 - 170 -180
rounding bottom target 200
Hi friends sharing a view on Tata steel where i observed a horizontal trendline breakout of ascending triangle on weekly timeframe and it seems a good opportunity to go long in this stock where Tata steel relentless climbing continues as it achieves a milestone with a weekly breakout to an all time high and bulls rejoice as price defies the expectations of bears...
Tata Steel has crossed its major resistance and towards of a new high.
entry after a small correction
Target 154
next target stay updated
Note this is only for no educational purpose so all risk is yours I am not responsible for any loss or profit.
As per my previous analysis as you can see after taking retrace at 115 level it take a bullish move.
Now you can add more position at the range between 156.90-153.55 . As I'm expecting price will come here once .
Our Support :147.35
Tata steel is looking very strong. It has crossed all time high two days back. And it has rested its level and it looking to go up Apple. I have consider year low and project based on that price.
DON’T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Try to exit by taking 4-7% profit of each trade
- SL can also be maintained as closing below the low of the breakout candle
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and...
- inverted head and shoulder break out done, ascending triangle trend line break out done, pennant flag breakout done, R1 also crossed nicely.
- But bearish butterfly hidden inside on weekly chart which make some nerves among uptrends movement.
- new investor please wait for correction
- 140 is the trend line support.
this analysis is for learning purpose...
This is the analysis of TATASTEEL in the weekly Time Frame. Watch carefully. The chart explains itself.
If it breaks and sustains above the upcoming resistance level, it is good for the stock.
There are some prediction levels. These Levels act as Support and Resistance according to position of price. You have to trade according to level breakout or...
📊 Script: TATASTEEL
📊 Sector: Steel
📊 Industry: Steel - Large
Key highlights: 💡⚡
📈 Script is trading at upper band of BB.
📈 MACD is giving crossover .
📈 Double Moving Averages are giving Crossover.
📈 Right now RSI is around 62.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 155
🟢 Target 🎯🏆 - 167
⚠️ Stoploss ☠️🚫 - 150
⚠️ Important: Always maintain your Risk &...
Ascending Triangle Breakout Setup in Monthly chart
RSI above 65 and rising
Trading above EMA50
Long consolidation of 32 months
Testing all time high
Disc: for study, not a recommendation
The stock has consolidated in a very long range from may 21 . 124 is a crucial resistance for it and has touched upon it for the 7th time . also the stock has followed a proper range bound trend earlier which arouses quite optimism about the stock. if the resistance is broken the immediate return could be of 15 % for short term
