Tata Steel Ready for Uptrend ?#Stock #TATASTEEL broke the price closing ranges with some good volume.
We may See some uptrend from here onwards.
Target 1 : 115,
Target 2 : 125
Thanks
TATASTEELPP trade ideas
Tata Steel's near breakout range on Daily Chart (10% Upside)
**Tata Steel Technical Analysis - Potential Breakout Momentum (Daily)**
**Technical Overview:**
- Tata Steel (Ticker: TATASTEEL) is currently positioned near a potential breakout range on the daily chart.
- This situation could lead to a substantial 10% upside momentum if the breakout occurs.
**Key Points:**
1. **Breakout Range Alert:**
- Tata Steel is on the verge of breaking out from its current range on the daily timeframe.
- A successful breakout could trigger a significant price movement.
2. **Bullish Momentum:**
- The stock displays evident bullish momentum in recent sessions.
- This momentum often signifies increased buying interest and positive sentiment.
3. **Higher Highs and Higher Lows:**
- Tata Steel's price pattern is characterized by forming higher highs and higher lows.
- This pattern indicates a strengthening bullish trend.
4. **Breakout Watch:**
- Traders keen on breakouts should closely monitor Tata Steel within the provided range.
- A decisive breakout beyond this range could lead to substantial opportunities.
5. **Entry Strategy:**
- For potential buyers, consider initiating a long position if the stock price successfully breaks the specified level.
- Confirm this breakout with notable trading volume, indicating strong market participation.
- Implement a strict stop-loss mechanism to manage potential risks effectively.
**Disclaimer:**
*This analysis is intended solely for educational purposes and is not to be considered as financial advice. The author does not assume any responsibility for losses that may arise from executing trades based on this analysis. Always conduct your research, consider multiple factors, and consult with financial professionals before making investment decisions.*
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Remember that trading and investing involve risks, and no analysis or strategy guarantees profits. This analysis should be used as a starting point for your own research and decision-making process.
TATASTEEL LongSymmetrical triangle breakout.
RSI convergence with respect to price.
Volume increase.
TATASTEEL --- can give 100% gains in coming monthsNSE:TATASTEEL viewpoint
the stock has given good breakout on weekly time frame around 118
now looks set for upward journey
cmp is 123
potential to give big 100% gains in coming months
this analysis is for knowledge sharing and educational purpose .
this post is not a buy or sell recommendation.
TATA STEEL (BUY) - LONG UPSIDE TARGET - 135 -140 LEVELSTata Steel produced an upside breakthrough at the level of 118 and displays a perfect bullish falling wedge pattern. Bullish Falling Wedge patterns often suggest that the stock is bullish and that it has the ability to hit the target of 135 to 140 in the next weeks. If it breaks the 135-140 levels ,then the stock might go for a small retracement or correction and will give a rebound back towards the new targets of 170 levels.
LONG
Fundamentally good stock
Undervalued
Currently taking support at 109.40
tARGET 120
WATCHOUT for the trendline Breakout for further Up-side movement
EDUCATIONAL PURPOSE ONLY!!!!!
TATASTEEEL Weekly Chart Tringle Break OutTatasteel has formed a triangle pattern and in consolidation since August 2021 as seen in this weekly chart. Move up to 129,136 Support 110-112
TATASTEEL - (BREAKOUT AND RETEST)buy tata steel at current levels of Rs. 115-118
The logic behind the trade:
• tata steel was forming a triangle pattern which is visible in the chart attached below. the structure started to form in mid-august of 2021. (Reason - increase in coal price and increase in taxes)
• Since then, the stock formed lower highs and lower lows (bearish trend) on a higher time frame which is weekly.
• In the previous week the stock broke out from the resistance levels provided by the triangle pattern and retested them this week (note - now the resistance levels will act as support levels).
• Volumes were also higher the previous week as compared to this week.
• Also, the coal prices are decreasing now, and the taxes were also removed a while ago which will ultimately result in a margin growth that will go in hand with increasing demand.
TATASTEEL TATASTEEL is going to bullish
ENTRY : 119
*TARGET 1 : 132
*TARGET 2 : 147
*TARGET 3 : 162
STOP LOSS : 100
Long wie on tata steelGreat company with great fundamental, here is possible to go 165 within year and sl will be 99
weekly trendline breakout Weekly trendline breakout and forming head and shoulder like pattern 1:4 Target
#TATASTEELTATASTEEL forms multiple levels of No Overlaps
The strcuture is highly Bullish
Simple wave navigation to reach the top
Ready to hold it for too long 😉Once TATA STEEL break the long term resistance zone then its going to boom in terms of
favourlable news . Do your own research and invest in Stock Market which are subjected to financial risk .
TataSteel to watch for!!Tatasteel has formed a triangle pattern and in consolidation since August 2021 as seen in this weekly chart. This pattern has a huge potential for a superb breakout so the tgts would be 127 , 150. The ADX and MACD are also supporting the view so a buy with SL below 104 on weekly closing would be a great 1:3 ratio.
TATA STEEL HARMONIC PATTERN ABCD bullish Tata Steel in continuation of Bullish Pattern ABCD with Tgt near 137-140 and SL below 105
1. Harmonic ABCD on weekly chart
2. RSI on all time frames M/W/D bullish abv 60
buy on dips for positional tgt 129-137
Tata Steel - Extended Flag & Pole along with Triangle formationMetals to lead the Rally
Buy Tata Steel @ 115
SL 85
Target : 175-250
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+
