Tata Steel - Extended Flag & Pole along with Triangle formationMetals to lead the Rally
Buy Tata Steel @ 115
SL 85
Target : 175-250
TATASTEELPP trade ideas
Ascending triangle breakoutNot a clean chart but looks good to go up, lets see how it goes.
Just a learning phase
TATA Steel - Long-term opportunity
Based on the Chart - after months of consolidation - Tatasteel crossed the trendline and looks like sustained the move.
Also from indicators perspective - Daily RSI > Weekly > Monthly.
Currently trading above Daily, Weekly, Monthly 20-SMA, and 50-SMA.
Also above Weekly, Monthly Pivots and above VWMA on Weekly charts.
It crossed CCI 100 on Daily and Weekly charts.
If we look at Monthly and Weekly time frames:
Comparing CNXMETAL/CNX500 with Tata steel
On Weekly Time frame :
Crossing CCI above 100 after consolidation in the past couple of months
Considering NIFTY all-time High & possible slight correction in the near time frame -- start will small quantity in TATASteel -- and 112 should be stop loss. And above 119 and 124 -- we can add more quantity.
Please spend time and do your own research before taking a decision.
TATA STEEL | Swing Trade | Bullish MomentumTATA STEEL | Swing Trade | Bullish Momentum
A good triangle pattern breakout
TATASTEELReady for an up move with slight retest left around 116/114
Targets looks good for 8-10%
Thank you
TATA STEEL TRADE 50% CLOSEDTata Steel today reached 1st target and retraced.
As afler long consolidation it had broken.out @115 its should reach 125. Now SL is 114.
Weekly breakout Stock has given breakout of resistance line on weekly TF.
Next level to watch 125/135/150+
Tata steel going reach new high 💰Just hit boost 🚀 button and follow me 😉
Soon going keep detailed article ☺️
Triangle break out in Tata Steel 17/07/23.Tata steel is taking resistance from a trend line after forming a ATH in 2021 and the resistance line has been tested 4-5 time and finally it is near a break out.
The stock took support from 20 ema on the weekly charts and has formed 'W' pattern.
As the markets are trading and forming new highs. Stocks will also follow the same. Watch the metal sector move and the stock too.
Metal sector is trading around 21400 levels giving 3.25% or 680 points move in a week.
The index and stock both are in green and if the sector remains bullish the stock can give good bullish targets.
On daily time frame, there is a triangle break out and a bullish moving average cross over.
Entry :- Above 117.5
Targets :- 124, 130
Let the stock cross and start trading above the entry level. Long term investors can accumulate the stock for 15-20% return.
Positional stock positions can be initiated and option traders can form a hegde in August series and trail there stop losses.
Swing positions for a 5% move can be initiated as probability of bullish move is there in the stock.
Wait for the price action near the levels before entering.
Tata SteelWeekly pole and flag breakout. Consolidating since long, metal sector seems good for next 1-2 years due to infrastructure boom. Keep hold. May see 150 levels shortly.
Tata Steel-Flag BreakoutTata Steel has broken a bullish flag pattern. Expecting this to touch 180-200 in next 1 year.
TATASTEEL – Triangle breakout – 50% upside potentialTATASTEEL has given triangle pattern breakout from trend line resistance level of 116.
Target: 124, 138, 148, 178
SL: Daily candle close below 115
Note: All metal stocks seem to be giving new breakouts, looks like new uptrend has just started. Metal sector looks good for next 6 mon to 1 yr.
TATA STEEL BREAKOUT 🚀📈SWING TRADE OPPORTUNITY
The stock hai clearly breaked the symmetrical triangle pattern and gives great opportunity of swing trade for decent returns.
TATASTEEL - Weekly AnalysisIn the Weekly Chart of TATASTEEL ,
we can see that; it has given Trendline breakout.
Enter on retest at 115 with SL as 114 and Target as 138-140.
TATA STEEL : PENNANT PATTERN BREAK OUTTATA STEEL , one to the most popular stock of Indian Stock Market , which was under the radar of every single investor for this break out. The Stock has shown break out on BULLISH PENNANT CHART FORMATION after a gap of 2 years . Both MACD and RSI are in the favor of the break out and hence the probability of FALSE BREAK OUT is minimum. However , we still need to draw a line of control on this pattern which is at Rs. 114.00 .
The long term targets are Rs. 148.00 and Rs. 225.00
Remember this is an education post and meant only to understand the behaviors of the charts. It does not carry any tip to buy or sell for the stock.
Trade at your own responsibility . Good Luck !!!
BREAKOUT, TATA STEEL, 70% RETURNS!!!BUY - TATA STEEL LTD
CMP - Rs. 110
Target - 1: Rs. 141
Target - 2: Rs. 165
Target - 3: Rs. 190
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Technicals - Bullish Flag Breakout
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This is just a view by an expert analyst, please invest at your own risk.
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Tatasteel: 40% ROI : fundamentally good
huge potential is there.
For investment ;
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trendline is now broken,
wait for small retracement daily candle to close
if you are interested in investment, go for it with proper risk,
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overall "TATA STEEL " fundamentally good stock.
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refer over old posted idea attached below.
Tata steel taking support on weekly trend line.NSE:TATASTEEL looks like taking support on weekly trend line. please read the chart carefully, everything is mentioned on the chart. if price breaks above 124 it can go up in correction wave B, if it retraces till 102 & reverses it is start of minor wave 5
TATASTEEL coiling up for a big moveTATASTEEL has been consolidating in a triangle and ready for a move towards the upside .
Good investment bet for few weeks with SL 99.95 and target for 140-142 levels.
Cheers!
Tata Steel getting ready for big movesTata Steel has seen sideways movement for long time & Volatility has been contracting weekly bands have tightened & its already at upper end of weekly band Weekly RSI maintaining above 50 a close above 60 would mean trending period daily RSI is stable above 60 keep this stock in watch list.
Charts for Education Purpose only.
Tata Steel Most Trusted Pattern FormedTata Steel Most Trusted Pattern Formed Sym Triangle.
Sector move on..
