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TATA STEEL LIMITEDTATA STEEL LIMITEDTATA STEEL LIMITED

TATA STEEL LIMITED

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TATASTEELPP trade ideas

Tata SteelCurrently the stock has discounted 14% from all time high levels. Tata Steel (Daily): 1. Taking support from 38.2 Fibonacci levels 2. Good volumes on Breakout 3. Retesting done 4. Positive crossover of 5,13 Exponential Moving Average NSE:CNXMETAL 5. Reversal from 20 Days EMA 6. CNXMETAL Index also forming Flag and Pole Kinda formation View Point: 1. Bullish Addl Points: 1. FII/FPI have decreased holdings from 0.55% to 0.53% in Dec 2021 qtr 2. Mutual Funds have increased holdings from 4.84% to 4.89% in Dec 2021 qtr. NSE:CNXMETAL Notes: 1. The above analysis is just for educational purpose.
NSE:TATASTEELLong
by deeptinseth
TATASTEEL:END OF COMPLEX CORRECTION WXYSo far it seems like we are done with the complex double correction WXY on the back of following reasons: 1)Price has crossed and will be closing above upper channel rasistance line looking at today's price action. 2)Price will be closing above wave 4 high of 1250 looking at today's price action. 3)Price has crossed 38% retracement level of entire correction at 1245. 4)We are also seeing faster retracement of last down swing in today's trading session. All we need is a close above 1265 in today's trading session. Also going ahead next cycle low is due on 4th march,hence buyers will get a dip in coming days to enter into this stock.Stock has also given breakout of 1265 prior swing high,which can be re-tested in coming days,hence a once we see dip towards 1265-1245 in coming days followed by reversal candle in the form of doji,hammer,or engulfing candle longs can be initiated once the high of the reversal candle istaken out with the low of reversal candle as initial stop-loss for a target of 1410 and 1530. Metal as a sector is out performing in this kind of volatile market hence keep an eye on entire sector,wait for dip and reversal candle. PS: Hindalco made all time high in current market,which is indicating that in coming days similar movement can be seen in other metal stocks also. Disclaimer:This are just my view on the stock,posting this analysis just for my future reference,no position should be build or exited on its basis.
NSE:TATASTEELLong
by UNDERDOG-29
A simple trading strategy with ways to improve the winning edgeThere are lot of trading strategies which can be easily available. Whatever strategy you use, If you know how to increase the trading edge, and when to avoid the trade will help you to make money. I have taken a simple trading strategy known to most traders, but here I am going to explain how to take the trade which has more winning possibility. Strategy : Previous day high break out. Go long above 1st 15 mins candle high. Time frame : 15 mins Entry condition : 1st candle should close above the previous day high. Target : 1 : 2 or close at 3 or 3.15 pm if stop is not hit. Trail : Shift stop to entry once you get 1 : 1 profit Stop : Low of the 1st candle. Entry : Above the high of 1st candle. In this chart I have marked the previous day high. Now we will see about how to increase the trading edge or winning edge. On feb 25, the 1st candle volume was normal which indicates participants were not that much enthusiastic about the movement. Volume was not supporting and we did not get big movement as throughout the day volume did not pick up. 1st candle volume gave an indication that the trade was not having high edge. On Feb 28th, the 1st candle had good volume, but the candle was having selling pressure. So we take the trade after seeing the next candles formation. Here the candles were showing buyers interest in the stock. This trade was having good trading edge. On March 1st, 1st candle broke the previous day high & closed above it. Volume was good, but the high low difference was big. Position sizing will help but it most of the time we won’t get 1:2 rewards. This trade was not having high edge. On March 3rd volume was good, but it was a bear candle and closed below previous day high. So no trade. In this example, price broke the previous day high for 4 days. As per our strategy we got 3 trade set ups, but only one trade has high trading edge. This is how you can improve you winning rate in a trade. In this UPL chart, 1st candle broke previous day high, had good volume, but high/low difference was big and it did not give 1:2 profit. In this Bsoft chart, price close above the previous day high but the candle is having selling pressure and no trade in it. Whenever you decide to trade on a strategy, back test at least 100 trades to check the winning chances. Always place stop once you enter a trade. Market is having fast direction change nowadays and you should be prepared to handle it.
NSE:TATASTEELEducation
by vanathi
81
[Buddha] TATASTEEL Inside Bar TradeLong if it breaks the high of the previous day with a stop loss at the previous day's low. Short if it breaks the low of the previous day with a stop loss at the previous day's high. In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy. Long if it breaks the high of the previous day with a stop loss at the previous day's low.
NSE:TATASTEEL
by unofficed
TATA Steel - breakout retest oppurtunity for buyingThe stock has been giving negative returns for past several months with a very good correction and also an increase in commodities demand this stock looks good. The stock has given a strong breakout from resistance after taking good support at 1 year back demand zone. For proper entry, one has to wait to price retesting the breakout level which is around 1250 and shows some positive signs with strict SL of below 1230 or same entry candle SL. DISCLAIMER: For education purpose only, do your own analysis or consult your financial advisor before taking position.
NSE:TATASTEELLong
by akash_the_BiGBuLL