This is the analysis of TATASTEEL in the weekly Time Frame. Watch carefully. The chart explains itself.
If it breaks and sustains above the upcoming resistance level, it is good for the stock.
There are some prediction levels. These Levels act as Support and Resistance according to position of price. You have to trade according to level breakout or...
📊 Script: TATASTEEL
📊 Sector: Steel
📊 Industry: Steel - Large
Key highlights: 💡⚡
📈 Script is trading at upper band of BB.
📈 MACD is giving crossover .
📈 Double Moving Averages are giving Crossover.
📈 Right now RSI is around 62.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 155
🟢 Target 🎯🏆 - 167
⚠️ Stoploss ☠️🚫 - 150
⚠️ Important: Always maintain your Risk &...
Ascending Triangle Breakout Setup in Monthly chart
RSI above 65 and rising
Trading above EMA50
Long consolidation of 32 months
Testing all time high
Disc: for study, not a recommendation
The stock has consolidated in a very long range from may 21 . 124 is a crucial resistance for it and has touched upon it for the 7th time . also the stock has followed a proper range bound trend earlier which arouses quite optimism about the stock. if the resistance is broken the immediate return could be of 15 % for short term
Tata Steel -
Trading plan already mentioned in charts..
Personally holding in options with hedge and in good profits..
Kindly do your own study before investing
TATA STEEL weekly INVERSE HEAD & SHOULDERS Pattern It can give a nice swing or positional opportunity if it sustains above 138 I think 1st target will be 153-158 and so on
