TATASTEELPP trade ideas
Steel on Stress !!TATASTEEL need to hold over 106 , if breakdown can retest 80-85 support which is the strongest support if recent times.
TATASTEEL Support BreakdownTata Steel has given breakdown below the support zone.
Entry
After retest and strong bearish candle below the support zone.
Stoploss
Above the support zone.
Target
Target will be the next support zones as marked on chart target 1 and target 2.
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Morning StarA morning star is a visual pattern made up of a tall black candlestick, a smaller black or white candlestick with a short body and long wicks, and a third tall white candlestick.
The middle candle of the morning star captures a moment of market indecision where the bears begin to give way to bulls. The third candle confirms the reversal and can mark a new uptrend.
Script = Tata Steel
Time Frame = 15 min
Tata Steel For small swing (3-4) Days MaximumBuy Tata Steel above 121
Stoploss - 116.8
Target - 130.2
Expected returns - 7%
TATA SteelIt is is channel and now it may break on the upside provided market sustains above 17900 zone. Here it can be bought at this level and SL can be kept near 114. Once the level of 121 is crossed with good volume also more quantity can be added.
TATASTEELIn the Weekly chart of TATASTEEL, we can see that it is respecting the Trendline as resistance .
we might see 1 more Red candle as a Halt candle to retest the break of 115 level.
If 115 was False breakout, we can see a good fall of in TATASTEEL.
Short TatasteelTataSteel is at Resistance. Short with a Stoploss at 112 and Profit at 93. TATASTEEL AUG 100PE is a good buy for next week.
Buy Tata Steel 121 SL 117 hold for long termBuy Tata Steel 121 SL 117 hold for long term target 170-180-200- 250+ target
investment and trading idea for 2023 metal index
hindalco
tata steel
to me all three are looking positive for 6 months time period
TaTa steel is looking good on daily and weekly time frame
rsi is taking support from 40 levels on daily as well as weekly time frame
however on monthly time the confirmation is yet to come but monthly confirmation will not at come these prices till we find monthly confirmation prices will be above 120 levels
should not go below 80 levels from here my first target is 130 on tata steel will add more above 108 levels this will be a pyramiding trade for me i will add on higher levels not on lower levels
this trade is for final wave on metals dont get trapped later on
Tata. Steel on verge of breakout after long consolidation ?NSE:TATASTEEL is trading above 954 which is a signal for bullish breakout of head and shoulder pattern. According to chart patterns this scrip will result in a target of 1235. Long positions can be initiated for short to medium term. BTW today it will declare results too.
- Strong demand
- Growth in overall segment
- potential and record earnings
- Stock split next week
The idea shared is for educational purpose only.
Tata Steel Short TradeThis is a future probable trade. Entry, Target and Stoploss are mentioned in the chart. Keep an eye on reversal in the range.
Reversal Zone - 132-135
Trade - Sell
SL - 138.65 DCB
Target - 128.55,124.75,122.25
TATA STEEL CHART ANALYSISTata steel after breakout his Ascending Tringle Chart Pattern Now its coming for Retrecement and after the 120 Getting or Taking Support from we can Comsider for Swing trade with 2-3Rs SL or 1:5 or Approx 1:8 Targets
KEE AN EYE ON IT…..!!!!
Tata steel Triangle BreakoutChart is self explanatory. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations.
Declining channelOn a monthly log chart. TATASTELL is forming a falling channel pattern. Starting from the top of 153 to the low of 83. It is near the breakout point of the channel.
TATA STEEL CHART ANALYSISTata steel make best Ascending Tringle and Breakout With Perfect Retrecement So Now Can Add For Swing Trading
BULL RUN Resumes in Metal stocks ? Tata Steel breaking out !!Tata Steel is trying to break out of the long Consolidation (1.5Years+)
It did a breakdown on 23rd Decemeber but immediately reversed which suggests a furious move on the other side.
It was also the 61% Retracement of recent trend.
Important Levels:
For Long term Investors: It should not Close and sustain below Rs100. Trade below 100 opens up the areas of Rs80-85.
For Short-medium term traders: It should not enter into the triangle zone again. Entering in it will suggest the lose of momentum and a trader must exit if it happens.
On upside: 130-135 seems to be the first hurdle zone for Tata steel.
But, according to the long term chart structure, it has a very long way to go.
I am expecting a new ALL TIME HIGH SOON till the downside levels are saved.
NOTE: These are for educational purposes. No Recommendation.
Investing guide for Tata steel and Future planning I daily make educational content videos on swing trades and Ideas
TATA STEELNote:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
3. Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns...
3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions...
Keep an eye ladies and gentlemen. Cheers and Happy Trading
TATA STEEL in an upward channelChart is forming an upward channel on a 15 min time frame. For now it is just consolidating. It can be kept on radar.
tata steel is ready to flymy view on, tata steel is ready to fly,
technically chart is converted in the long view
