TATA STEEL - DAY CHART - 16.08.2022 - BAHAVAN CAPITALTATA STEEL Daily Chart Analyis
Above 113.60 Target 120
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TATASTEELPP trade ideas
Tata Steel - Inverse Head and Shoulders Breakout PossibilityTATA Steel :
Inverse Head and Shoulders Breakout Possibility (though not perfect)
Stay long with support at 107
Tata steel Tata steel looks good till upper trendline.
As it has formed IHNS so it will give that target also it is forming bullish flag pattern on daily chart. So looks a good bet for long term.
Will prefer adding in all dips. Sl below trendline.
Views personal.
I Can go wrong.
Not a trading recommendation.
DYOR
Tata steel Breakout. Long Price close Above Avwap of 12th April and daily resistance of ₹109.
Good for long swing Trade.
Buy -above ₹112
SL -105
Target 1 - ₹117
Target 2 - ₹121
Target 3 - ₹123
Tata Steel Close above Anvhor VwapPrice close AVwap of 12th April'22.
Resistance broken with big geen daily candle.
Buy recommend above ₹112
SL : ₹105
Target 1- ₹117
Target 2 - 121
TATA STEEL ready to be bullishInverse head and shoulder pattern's neckline breaking out, just one day above closing and its ready to go high as mentioned targets
SPLIT HAS PROVEN BULLISH FOR TATA STEEL WHY BULLISH ?
> 110 Neckline on a weekly chart has been broken with a high strength almost marubozu candle.
> RSI divergence also has been broken as seen in the picture.
> Again at the same time as I am writing this - global market sentiment along with national market is bullish.
> 1 is to 2.5 approx. risk reward ratio is achievable in this .
> Still best entry time starts when the retest from the same level is done .
One extra inf . - The stock split in the ratio of 1:10 has awarded 10 shares in the hands of shareholders for each share they owned. Hence, the value of the Tata Steel stock has gone down by 1/10th after the stock split. - 29 JULY , 2022 - It has proven to have positive impact as well.
Kindly Comment If Anyone Found This Information Helpful Or Anyone Who Takes Position After Reading This Article.
Thankyou.
Tata Steel - Cup & Handle BreakoutFocus on Tata Steel ~ Cup & Handle break out
After huge struggle, finally broke the handle resistance comfortably.
Targets given
Postional- TATASTEEL Long Strategy :- Support/Resistance Broken on 1 Day closing basis.
Tata Steel Has broken a major support resistance zone range of .
Positional traders can take position in Tata Steel For target of 140. Approximate time for achieving target will be 1-2 months.
Entry:- 112
SL- 101/100
Target :- 139
tata steel 4hr TFAfter some weeks, gud breakout on thi stock with cup and handle breakout and target are mentioned in the charts and there is good accumulation upto 109.
TATASTEELNSE:TATASTEEL
One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
Close should be good, and Clean.
R:R ratio should be 1 :2 .
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
TATA STEEL ( Trade for Swing)
----------> Trade For Swing <-------------
* Trend line breakout
Entry----> 112-115
Target---> 139
StopLoss---> 100
Tata steel , break-out and retest achieved with volume, Tata steel , break-out and retest achieved with volume, clear indication of a big move coming up.
tata steel TATA STEEL ....
1 - forming inverted h&s and flag pattern
2 - good volume
3 - bullish rsi
4 - bullish ma 20 and 100 crossover
5 - price trading near 200 ma
Tata Steel looks decentTata Steel looks decent at current levels. If the current levels are held then one can go long in this stock. The stop loss is marked in the chart for better understanding.
Tata Steel Cup and handle patternTata steel looks good for a target of 137, with metals having bottomed out looks like a fresh run in steel will push the price to the target .
Tata Steel Positional LongTata Steel has broken a major resistance of 107, and is now retesting it with a minor pullback.
this is a Major level that has been tested atleast 5 times as Support and
Go Positional long with Target of 125 / SL of 97
RR - 1:2
