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TATASTEELPP trade ideas

Tata Steel: Technical Analysis at it's very best...!!! 🙂🙂I have been trading Tata Steel since October 2022 and In the month of November this is what was posted for Tata Steel The stock was trading at 104.75 - Target given was 113 / 118 / 122 - also had suggested the importance of Green Line acting as support ( Click on the above chart for detailed analysis of November 2022) _______________________________________________________________________________________________ You can see now that Tata Steel has respected the levels identified with the help of Technical Analysis to perfection - green line provided the support - yellow zone acted as resistance for a good time - once above that, today it has given a big breakout trading 6% up for the day at 119.45 _______________________________________________________________________________________________ Our expectation was Tata Steel to hit our targets around mid December. It has achieved it in 1st week of January 2023. Not bad I guess.... In this difficult market, the idea has provided a nice 15% profit in little less than 2 months. Fixed Deposits will take 2 years to give that kind of returns. What more do you want from Technical Analysis. I sincerely hope the idea has helped you guys. If bought earlier, consider to book partial profits and Trail SL to 116. Book full profits as we get closer to red Line of Resistance. Let me know if you find the analysis and insights helpful. Do hit the Like button (itna haq toh banta hai 🙂) and Follow for more ideas like these...!!! Take care & happy 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:TATASTEEL
by indiamarketoutlook
Tata Steel: Showing signs of strengthTata Steel In my previous take I had suggested a Call short position given the set up at that time being bearish. That strategy played out well... Now the stock is at same level, however, In the current set up, - the stock is trading above 21 day EMA and 63 day EMA - the stock has tested the time and so far is managing to stay above the May 2022 low The stock is showing signs of strength. - Once above 252 day EMA which is currently around 107, the stock can potentially move towards 113 / 118 / 122 (Time looks ripe for the stock to retest the red line of Resistance Pattern gets invalidated if closing below the green line on weekly closing basis or for 3 consecutive days. Take care & safe trading..!!! Disclaimer - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - 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 detailed analysisTata Steel is respecting the daily trend line with breaking it once in the recent market fall, so far the bullish momentum shows that it could be a bear trap. It is currently testing the daily TF supply zone from where the latest fall began. On the hourly tata steel has given a break of a downward sloping trend line hence breaking resistance & showing bullishness. I will be a confirmed bull once it gives a BOS which is above 112(on closing basis), if it just wicks it then it could just be a SL hunt to take out the sellers who had shorted the recent down move. Once 112 breaks convincingly then we can use the buy on dips strategy to stack up bullish positions for a test of 115 & 120.
NSE:TATASTEEL
by BharatAsani
A pill for missed opportunitiesPrevious parts of the post: Part 1: My Three Comrades: the Chart, the Screener, and the Watchlist Part 2: Two captains of the same ship The market is an element we take for granted. It can't stop when we're busy doing other things, and it can't work if the stock market is off and you personally have work days. The small investor's impact on the market is close to zero. Some may not like it, but I see it as a big plus. I'm not the only one. Even Peter Lynch wrote about this . It is because of our size that we small investors have the ability to get the best buy and sell prices on stocks. Just imagine an elephant and a mouse trying to drink water from a coffee mug. Who has a better chance? Like the best sales, attractive stock prices don't last long. This also applies to the period of increased stock prices that are interesting to sell. To make sure you don't miss this time, TradingView has an alert service. Why do we need an alert system? For our convenience. Once we have selected fundamentally strong companies, our next step is to keep an eye on their stock price so we can buy them at a price we can benefit from. You remember our strategy, right? Buy rooms in a great hotel, and even during a sale period. How do you monitor these "sales"? You have two options: to monitor the price chart yourself during the trading period, or set up alerts so that if the stock price reaches a certain level, you will receive an SMS message to your phone or email, or a push-notification in the TradingView app (depending on your settings). Agree, this is very convenient. So how do you set up the alerts? 1. First of all, you must open the chart of the stock you are going to configure the alerts for. 2. Then click on the "Alert" button at the top toolbar of the chart. 3. Set the alert parameters in the settings menu. How do I read the settings in this picture? If the Apple stock price is less than $130 per share, I will receive an alert every minute, all the time the stock is trading below $130. The alert I will receive will contain the following message: AAPL Less Than 130.00 If you don't want to get an alert every minute, set the trigger to "Only Once". 4. In the "Notifications" tab, you can configure where the alerts and the sound will go. The system of customized alerts will allow you to use your time effectively. You will not be chained to the monitor and you can calmly wait for the cherished message. In the picture you can see that alerts can come as: - push notification to your phone (if you have the TradingView app installed); - a pop-up window on your monitor; - a letter to your email address; - a message to a web address (advanced feature for developers); - SMS to your phone, but via email (i.e. your email service must have the ability to send copies of emails via SMS). As for my investment strategy, it's quiet enough to work on it even without alerts. Mr. Market doesn't often come with insanely interesting prices, so it takes time to get to the target values. It's like waiting for an astronaut from the Moon: he can't return to Earth in a day, you have to wait patiently, with the occasional peek at the situation. So, I'm concluding my series of posts dedicated to the basic functions of TradingView. I advise you to "play" with the platform for a while to get used to it as quickly as possible. In fact, it has a lot of features that you will discover over time. For now, that's it. In the following posts, we will begin to examine perhaps the most important aspect of an investment strategy, which is fundamental analysis. Get ready, here comes the part that will require the most concentration. But then you will be able to navigate this topic with ease. See you next time!
NSE:TATASTEELEducation
by Be_Capy
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