Tata steel long time buy158-160 Best Buy for long term, the support zone acting very well.
Volume is enormous, this indicates a upward trend move.
TATASTEELPP trade ideas
TATA STEEL: Technical and Fundamental BUYFundamental: Steel going through down cycle/margin improvement expected in 1QFY25
Analyst pricing the stock between 170 - 180
Technical: Stock at 9-month support line / RSI closed at 29, lowest in comps
I believe it's a low-risk pick as the entire industry trending similarly and can expect a return of 16% - 20% with a price tgt @180 - 200
beauty of trendlinesTata Steel CMP 157.50
the trendline drawn from 2001 lows has nailed every bottom till date in this stock. This yet another example for Geometry in the mkts. One needs to know which two points to take. Every other trendline on this chart is worth being studied closely.
Bottom Fishing - TATASTEEL📊 Script: TATASTEEL
📊 Sector: Steel
📊 Industry: Steel - Large
Key highlights: 💡⚡
📈 Right now RSI is trading at 32 stock came out of oversold zone, one can go for Bottom Fishing.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 160
🟢 Target 🎯🏆 - 174
⚠️ Stoploss ☠️🚫 - 151
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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Happy learning with trading. Cheers!🥂
Tata steel looks good for buy Tata steels looks good for buy .
Entry 158-60.
Stoploss 155.80.
1st target 169-70.
2nd target 184
Safe traders can wait for weekly candlestick also bullish .. currently weekly candlestick is bearish .if break 156 level then next support an buy opportunity bis 146 rs .
TATA Steel LtdImportant points are marked in the chart.
*Do own research before investing in Equity market.
Tata steel long term entry Tata steel long term entry and SL given in chart... this i am going to hold for long term ... please share ur views
Stocks in Demand Zone: Tata SteelTata steel is trading in the strong demand zone of 159 levels.
Can enter for a short-term target of at least 15% (170 levels)
Tata Steel - Trend line breakoutTrendline Breakout
At support area
Metal sector rising
Risk to reward favorable
tata steel ascending trianglecup with handle formation
double bottom formation
ascending triangle and going reach upside trend line
going to break trendline and previous resistance.
TATA STEEL CUP AND HANDLE / POLE AND FLAG TATA Steel cup and handle pattern is going to form
the handle is formation is going now
hope pivot R1 154 may act good support
This analysis is my own idea.
I don't recommend taking trade based on this idea.
Know the market risk before trade.
Long Term Tata Steel Chart Long Term Tata Steel Chart as per fibonacci analysis,
as per time cycle steel sector can boom,
rest market is supreme
Beautiful Price Action in TataSteel If you love price action, then you should definitely check out TataSteel as in past few years its has been a traders dream. TataSteel is poised for stunning gains in 2024-2025 and you can expect a decent rally of another 5% leading upto the upcoming budget on 23rd of July. Recent correction may give an opportunity of make a decent entry at about 172 Rs a piece.
TATA STEEL - 13 years resistance BO & retest! (CASE STUDY)Price observation & Overview:
1. One more example of how simple things work beautifully if observed carefully.
2. Currently, it has the potential to touch 200.
3. No new entry, if holding continue to hold.
4. Earnings are weak!
Weekly TF:
- Stay tuned for further insights, updates and trade safely!
- If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading!
Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing.
Thanks & Regards,
Anubrata Ray
TATA STEEL FOR SHORTMy view on this script bearish .
Ofter tight consolidation it gives strong breakdown with good volume.
Target 1 :178.47
Target 2: 177.37
S L :181.16
Entry :179.99
Tata Steel Key Technical Levels and Analysis I am sharing my analysis of key levels for these stocks. Please note that they may not be accurate, as I am still learning.
TATA STEEL MAKING A PERFECT CUP AND HANDLEThe stock has consolidated in a very long range from may 21 . 124 is a crucial resistance for it and has touched upon it for the 7th time . also the stock has followed a proper range bound trend earlier which arouses quite optimism about the stock. if the resistance is broken the immediate return could be of 15 % for short term
TATA steel running well TATA steel is running just as I expected,🎯🎯🎯 expecting 230 Target on upcoming weeks or months it's an impulse wave 🌊🌊🌊.
TATA steel running well TATA steel is running just as I expected,🎯🎯🎯 expecting 230 Target on upcoming weeks or months it's an impulse wave 🌊🌊🌊.
Tata Steel looks bullishFibonacci trend shows above 178 creates strong bullish towards 200 for short term.
Best support at 173
Please do your Own analysis before trading.
I just share my view.
Breakout of The Year Tata Steel LimitedHi friends sharing a view on Tata steel where i observed a horizontal trendline breakout of ascending triangle on weekly timeframe and it seems a good opportunity to go long in this stock where Tata steel relentless climbing continues as it achieves a milestone with a weekly breakout to an all time high and bulls rejoice as price defies the expectations of bears and scaling new heights with this significant breakout of 2.5 years old resistance.
So now we will talk about technical points which i observed as we can see price is moving in ascending channel since a long time where first took resistance from upper trendline of resistance in 2017 and after taken same resistance from that trendline in the year of 2021 but this time was way higher from previous top and now price breached that top of which it made in 2021 where it got rejected from rising trendline, And in this duration price formed an ascending triangle pattern after the previous all time high and the swing bottom which it made after that all time high. Used Super trend indicator with default settings for more confirmations of this breakout which provided by Trading View and for this thank you very much for them.
Target Upside-: So mates we can see that once again price will touch that upper trendline after this breakout which will be near about to 200 to 205 levels, One pattern based target identified too in which i measured triangle height which is nearly about 75% so we can see a more 75% upside from the breakout levels.
Support-: So now 138 levels seems a good support area where two big swing rejections are there this time can work as support on weekly closing basis.
Breakout Retest-: Well a retest is a good confirmation of breakout and often gives sustainability and strength to breakout so for this idea 148-145 i will consider as a breakout retest zone friends and personally breakout retest entries are my favorite strategy and for this trade i would like to the same.
This publication is meant for only learning purpose, it is not any kind of trading advice.
Best Regards- Amit (Do boost my publication if you really like it mates)
“Most traders take a good system and destroy it by trying to make it into a perfect system.” - Robert Prechter
TATA STEEL! Technically Strong Steel.Today we will analyse Tata Steel, A large Cap company.
This stock presents so much to learn.
Fundamentally, the stock is performing below average compared to previous 2-3 years.
But last quarter was decent.
Technically, the stock still has opportunities.
The levels and indicators are marked in the chart.
This is for educational purposes only. Not a buy/sell advice.
