TATASTEELPP trade ideas
TATA STEEL - DAILY Chart Analysis 30.11.2021TATA STEEL as per daily chart analysis has a very good support at 1042 level for its reversal and all again depends on the FII and DII. if indecisiveness will prevail in large in this december 2021 due to OMICRON or US FED then it might fall further too. Good to buy this stock at a lower price so lets see where its correction begins.
tata steel a good candidate for intradayTata steel looks good for intraday can be shorted with small sl.
always follow proper risk management and Position sizing
Tata steelSteel giant Tata steel is hovering around crucial levels.
A Buying opportunity can be seen around 1230 levels. Or it's gonna be a wide correction in stock till 1050-1070 levels.
Another pattern can be seen price action that is a Symmetrical triangle is in place. Thus breakout above 1370 will also trigger more upside.
Remember we have to follow the markets. Trade in the direction of markets that is "FLOW WITH MARKETS ALL THE TIME" .
Disclaimer: Only for educational purposes.
Happy trading :)
TATASTEELTata steel should have completed the correction phase to start the impulse mode on the higher side from here
TATA STEEL ANALYSISTechnical Analysis
According to chart Tata Steel has entered its first support range of 1080-1060. If it falls further it can go to previous all time high level of 880. After that support for Tata Steel is the range of 600-700. One can add small quantities at every level for mid to long term investment.
Fundamental Analysis
PE Ratio : 17.88 (Undervalued in comparison to peer companies)
Sector PE Ratio : 23.76
TTM Eps : 256
Book Value per Share : 631
Below data for previous 5 years.
Revenue Growth : 7.61%
Sector Revenue Growth : 8.94%
Market Share : 32.85 % to 31.55%
This analysis is just for educational purposes and not an investment advice.
Tata Steels Ltd Long @ Rs 1185 or BelowNSE:TATASTEEL
Entry 1185 or Below
Target 1290
SL 1125
Time: 5 Week
CMP 1186
Tata Steels Ltd is trading at 1190 and in a downtrend for a long time . Price is reaching near to demand zone. In the Options Analysis strong pressure on PUT side is at 1200 level and CALL side is 1300 levels. So Price is expected to remain in between them on current month expiry. Buy and hold for the 5 weeks.
Disclaimer: the author may enter in trade, take your own decision , This is a trading idea, not an trading or Investment advice
TATA STEEL - DAILY Chart Analysis 26.11.2021TATA STEEL as per daily chart analysis has taken the trendline support at 1112 level and if it breaks then next support at 1046 level and from here the stock should consolidate for the reversal. However one can see a fresh buying opportunity only after full correction completed.
Symmetrical triangle !!Stock has formed symmetrical triangle pattern on weekly chart.
Results update mentioned on chart.
One can consider long position with SL 1150 on weekly CB for the target of new ATH with more than 1:3 RR, over short - medium term.
Kindly do your analysis before initiating trade.
Stoploss for Tata steel If TataSteel break Rs 1140 level it will become weaker and the fall might be very severe . So the stoploss may be between 1140-1136 .
A Good buy Opportunity for Tata SteelAfter the fall 1186 Tata steel has good potential to go up upto level 1329 and after holding for more premium it can also go for 1480. Its a 2-3 months trade. Tatasteel can give a easy return of 15-25% .
tatasteel -bullish harmonic-weeklywait for reversal at present zone
can reach 1210-1250-1280
negation candle closing below 1130
if it breaks 1130,may form another harmonic pattern
Educational purpose only.
This is not a recommendation -
I am not SEBI registered - Do not TRADE/INVEST basis what I publish here.
Inspired by - Trading Mirror telugu
TATA STEEL - DAILY Chart Analysis 23.11.2021TATA STEEL as per my weekly and daily chart analysis today have made fresh entry at 1190 level and target 1250 level. Happy Trading to All
TATA STEEL - Weekly Chart Analysis 22.11.2021TATA STEEL as per weekly chart analysis has come back to its previous consolidation phase and once it breaks 1190 level then target 1250 achievable
MELTING YET TO BE COMPLETED(CONTINUATION)Just dancing to the tunes of chart posted earlier. Reached parallel channel bottom. Likely to have dead cat bounce. Mkt rewards patience & most importantly - timing.(Fortunately most of yelling TV/U-TUBEWALAAS don't have).Also have reasons to believe that mkt has made 4th of 5th cum final wave(TGT 19K++/42K ++).SO TIME TO BE CAREFUL WITH SHORTS. NOTE:-Views r personal-not a trading recommendation.
Long TatasteelLong tatasteel above weekly high//Stoploss below previous candle low 1216=Target 100 points.
TATA steel , 1D , long chennel suppot
demand area
long term trade line support
200 moving average support
tata steelNote:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
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Keep an eye ladies and gentlemen. Cheers and Happy Trading
TATASTEEL Keep in Watchlist on daily Timeframe of TATASTEEL Stock running in channel now expecting a reversal from channel and also near MA will react according to market reaction near those area
Buy from CMP to 1080 SL 965 TGT 1579 and 1870Suggestions are based on my analysis only. Please do your analysis before taking any trade.
