tata Steel SpotI have been warning each one of you about the METAL SPACE for atleast 4-6 months now... DO NOT dabble in this space if you do not know how to read the waves on each and every time frame.....Stay Away for Now..... Let it all play out@ above/below. And remember just because my heading says LONG/SHORT.... does not mean it will happen tomorrow.... U have to know the wave structure and act accordingly
TATASTEELPP trade ideas
Tata Steel has broken out of the long downward sloping trendlingTata Steel has broken out of the long downward sloping trendling and can resume its upward move in the coming weeks and months on the back of fall in the dollar index. A short term trade can be taken from current price 107.95 for a target of 118/120+, keep stop loss at 98. Please accumulate more if you get 103-107 levels.
Please follow a strict stop loss.
For option lover i also have a trade:-
option buying:- buy tatasteel apr 105ce @4.30
keep a stop loss at 1.5 and go for target 8/10/12+
option writing:-
sell tatasteel apr 115pe @7.45
and hedge with 105pe @1.10
keep a stop loss at 15 for this trade.
Please follow a strict stop loss.
If anyone likes my work please like, follow and comment.
Thankyou
ALMIGHTY LONG OR SHORTHello friends I am sharing the Daily time frame chart of Tata Steel that is looking trading on very well placed horizontal support and stock is trying to make a new rising support trendline after breaking the old one and trading below from that sold support you can say it is standing on crucial spot and waiting for the next move for a directional trade in it by us so I try to prepare two trade ideas sharing below.
🎁🎁This is how we did work like home work after school classes it is easy to identify our tradeable levels in running markets without any hassle or trouble so always study more than trade.
IDEA 1💡- Long if break and close above the rising support trendline because it is acting as resistance now on daily candle basis for the target of 115 stop loss must be a closing below on this trendline.
IDEA 2💡- Short if break and close below the horizontal support trendline for the target of 95 stop loss must be a closing above on this trendline.
SECTOR INDEX ALSO LOOKING WELL PLACED ON SUPPORT 📊📈
📣📣📣📣NOTE-: This is not and trade or investment advice. This idea is meant for learning only. Invest your capital at your own risk
𝐑𝐞𝐠𝐚𝐫𝐝𝐬-: 𝐀𝐦𝐢𝐭 𝐑𝐚𝐣𝐚𝐧
TATASTEEL near supportTATASTEEL near major support
For long (long term buyers) : can accumulate at this level.
For short (only for Futures & Option Traders) : can take short position, if price closes below 101 on daily timeframe, SL @ 103.75, TGT1 : 98.80, TGT2 : 95.80.
Please choose next month expiry for positional trades.
Note : It's your hard earned money always trade with SL, I'm just sharing my analysis
On supportNSE:TATASTEEL
on crucial support level
this price has been tested many times and maybe act as a bullish divergence if the next two days it closes in green
Another lower's Low pattern can see on the chart and the closing price close at near crucial support if the support breaks then we may see the lower levels
Opportunity to long Tata SteelTata steel is trading in a rising channel and currently placed at the bottom of the same channel.
Long position can be opened for the potential of 15% to 20% upside in coming months.
Stop-loss can be placed below the channel support on daily closing basis.
This idea is for education purpose only, please do your own analysis before entering any trade.