TATASTEELPP trade ideas
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
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.