Tata steel bullish*Stock has clearly made a symmetrical triangle pattern in weekly chart
* Golden crossover happened in daily chart
Looking good for swing trades
TATASTEELPP trade ideas
TATASTEEL is making higher highs for some weeksNSE:TATASTEEL is looking good to me and taking support on a trendline and if it's giving breakout then 120 levels can be seen soon.
TataSteel enters selling zoneCurrently attempting to fill the gap near down trendline.
Any bearish development in this zone can be trigger to a continuation of downward move.
SL above 125
Expecting target of 85 in 2~3 weeks
Tata Steel Analysis for July 2023Tata Steel share analysis for July 2023, during this bullish market
Tata steel showing symmetrical triangle pattern Making a symetrical pattern in the weekly chart. It represents that both buyers and sellers are active and have equal power. Now where ever it gives breakout with good volume i will make my mind that way.
If upper breakout happen upper side with good vol i will long from 115 with 1st target 125 with Risk reward ratio of 1:4.
If lower breakdown then i will short after crossing of 108 support level with target till 101 with RRR OF 1 : 3.67.
BUT MOST PROBABLY IT MAY BREAK UPWARD as from 2 3 weeks its showing green volume candles. Again i say maybe it can go up, and may be not.
Tata Steel Swing1) Weekly Timeframe is bullish
2) Daily Timeframe is also bullish
3) 4HR is in bullish structure
4) Metal Index is also bullish
TATA STEEL UPDATES Tat steel as said is 9n way completing is right shoulder. It had completed 115 neck line target as said and is trading below it. More time it remain below neckline , target will be more higher.
Short Term Trade Tata SteelOn 30m chart , breakout is visible in tata steel
On the breakout candle, Volume is higher than average
and there is sudden rise in ATR
The resistance trendline broken, is now acting as a support after the breakout
Since this pattern is on 30m chart ,
we consider it a short term trade and keep low tgt of 115.6(green horizontal line)
and SL of 112.25 (white horizontal line)
RR Ratio is 1:1
TataSteel Not bullish yet.Wait a moment to take bullish entry to TataSteel.
It has to wait for at least 15days or a month to boost up side.
There are 2 days more to expiry so many people has taken entry with very low premium but they will exit today or tomorrow as not to take delivery or give delivery. It will going to pull down back price to main support so please wait while it make proper correction.
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TATASTEEL - Weekly AnalysisIn the Weekly Chart of TATASTEEL ,
we can see that; after Cup & Handle breakout at 109-109 levels.
it has now retested it.
we can take an entry at 109 with 104 as SL with target of 137.
other details are explained in chart.
Tata steel after dividend Hello friends,
Today was dividend price adjustment on $tatasteel.
On 1 day timeframe it in bullish trend
but it looks like there is short term down trend started,
we can find again long position once it take support @108 or @107
#first make short position still it support
#second wait for trend reverse to bullish because it may break up level and make new high this time.
Its my point of view on this stock, but please do your own analysis and make your own view and take positions.
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TATA STEEL 15MIN TAT STEEL Looking good for upside..
When it break level 114.50 and sustain.. it will go upside...
BUY@ 114.50
Target
1st 114.90
2nd 115.25
TAKE FUTURE LOT 5 NOS
Enjoy trading traders.. Keep add this STOCK in your watch list..
Investor are welcome..
TataSteel go short, June 2023 optionTatasteel approaching trendline resistance for the month of June price action suggests to go short. Please see the image for detailed description.
This is more of educational purpose and It's important to note that this analysis is based on technical indicators and further research and analysis are recommended before anyone making any investment decisions and they will be solely responsible for taking their own decisions.
Good to buy above 111.90 As per daily chart it will move to 115 level if sustain above 111.90 go for long
Tata steel triangle patterntata steel making triangle pattern in daily time frame.
expecting bullish breakout above closing 118.
stock can double from current level
#big targets
intraday, swing, short term; min 70% returns, tatasteel
midcap stocks are going to boom.
long term investment; min 70% return
huge potential is there.
investment ;
trendline is now broken,
wait for small retracement and weakly candel to close
if you are intrested in investmet, go for it with small risk,
more possibility is there for breakout.
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overall "TATA STEEL" fundamentally good stock.
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refer over old posted idea attached bellow.
Short term trade setup in TataSteelThe chart is self-explanatory, with all levels marked for Short term trade setup in TataSteel.
Note for everyone who came across this study:
This chart is only for educational purpose.
This is not buying or selling recommendations.
I am not SEBI registered.
Please consult your financial advisor before taking any trade.
TATASTEEL @ 113.4METAL: TATASTEEL @ 114.25 | 17-JUN-2023
Sector: Iron & Steel
BETA: 1.27
FACE VALUE: 1
DIVIDEND YIELD: 3.15
BOOK VALUE: 84.43
SUP:83/24
Broken multi year trendline and trading above it.
I expect 150-170, 240-255 in the long run.
Can we trade in this channel pattern in TATA STEEL ?Yes, we can do swing trading in this beautiful rectangle pattern. We can see it has given a breakout in smaller time frame as well. we can buy at 116 using stoploss of 6% only if it's sustaining above the line, we can aim for at least 15%.
Tata Steel1) Symmetrical triangle pattern formed.
2) Volume is increasing.
3) Cup pattern is forming.
4) It crossed EMA 200 and SMA 50 Indicators.
It is only for educational purpose.
Tata Steel ready for breakoutTata steel is about to break out and meet one of many targets in the near future. First is at 124. All indicators such as EMA, RSI, Volume looking positive.
TATA STEELTATA STEEL LOCKING GOOD
BUY CMP
SL- 104
TG-112/116/120
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this is only educational level.
