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TATA STEEL LIMITED

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TATASTEELPP trade ideas

TATASTEEL:Morning star formationSeems like TATASTEEL might be ending flat correction which started from 1530 levels taking price all the way down till 1060.A bounce in the form of wave X can give good swing trade. Reason behind end of current flat correction. 1)Price reaching near 123% wave A extention in wave C fall 2)Price reaching 100% equality wave 1 target in wave 5 of wave C. 3)Price reaching wave 4 low's of higher degree(1050) 4)Morning star formation on daily chart. 5)Positive Divergence between wave 3 and wave 5 low's. 6)22 day cycle period low is due on 31st jan,indicating time will be favouring bulls. As we can clearly see tatasteel forming an important pivot low at 1061,one can initiate long at CMP of 1110 with 1060 as initial stop-loss for an eventual target of 1240 giving us a risk reward of 1:2. Disclaimer:THis are just my views on the stock,no position should be build or exited on its basis.posting this just for my future reference.
NSE:TATASTEELLong
by UNDERDOG-29
17
Tata steel 08-01-2020my view tata steel complete correction before maxmium one week and start up move impluse Note - One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all. ======= I use short hands for my trades. "Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.) "Intraday" -means You must close this position at any cost by the end of the day. "Theta" , "Bounce" , "3BB" or "Entropy" - My own systems. ======= I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share. ======= Like - Always follow a stop loss. In the case of Intraday trades, it is mostly the "Day's High". In the case of Positional trades, it is mostly the previous swings. I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives. =======
NSE:TATASTEELLong
by HARISHRAO99
2
TATA STEEL : BREAKOUT SOON CANDIDATEExpecting good Upmove TGT - 1300 & 1350-+ SL -1150 𝑫𝒊𝒔𝒄𝒍𝒂𝒊𝒎𝒆𝒓 : The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We would not be responsible for the profit/loss resulting from this analysis.
NSE:TATASTEELLong
by finogent
tata steel triangular pattern break outthere are two condition - 1. Price may take resistance from counter trend line & fall up to horizontal zone down there. price rise again & touch counter trendline & give break out. so there are two entries, one is at horizontal support & second is trend line breakout 2. price rise and touch the upper horizontal resistance zone & fall up to trend line & again rise upward , when price taking breakout from red zone take a entry . target you may consider according to you. thank you Disclaimer - I am not a call provider. I share charts & analysis for learning for you guys so that you can become an independent trader.
NSE:TATASTEELLong
by mahhisingh