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TATASTEELPP trade ideas

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
NSE:TATASTEELLong
by ajaykalashi
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.
NSE:TATASTEELLong
by UnknownUnicorn7637383
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.
NSE:TATASTEELLong
by UNDERDOG-29
Tata Steel: Chart set up and trading viewHistorical levels in Tata Steel tend to provide good Risk:: Reward ratios to enter trade. Levels are mentioned in the chart. View gets invalidated if Tata Steel goes below 112 Take care & sage trading..!!! Disclaimer -The view expressed here is my personal view - Past performance is not a guarantee for future predictions - I have been wrong in the past and can be wrong again in future too - Use this for educational purpose - Any decision you take, you need to take responsibility for the same - It's your hard earned money. Treat it wisely - Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance - if trading in F&O, understand that F&O trading involves risk - Do take proper risk management measures - Do your own analysis and consult your financial adviser if need be
NSE:TATASTEELLong
by indiamarketoutlook
Tata Steel Good BuyHello fellow traders, Tata Steel recently experienced a breakout from its established trend line a few weeks ago. Currently, it appears to be retracing towards the ascending trendline from above. This retracement could present an attractive buying opportunity for investors. Additionally, on the price chart, Tata Steel has formed a symmetrical pattern. This pattern is characterized by a series of lower highs and higher lows, creating a converging shape. In the context of this symmetrical pattern, it's reasonable to anticipate that after breaking out of this formation, Tata Steel's stock price may potentially ascend by around 63 points. To explain further, a symmetrical pattern suggests a period of indecision in the market, where buyers and sellers are in equilibrium, resulting in a converging price structure. The breakout from this pattern often leads to a significant price movement, which, in this case, is expected to be an upward move of approximately 63 points. This could provide a trading or investment opportunity for those looking to capitalize on the stock's potential upward momentum. NSE:TATASTEEL NSE:NIFTY Safe trader can wait for 115 level to buy
NSE:TATASTEELLong
by Anand_7