TATA STEEL Bullish 15% TargetTata steel is range bound.
Near term target is 15% around 1300.
If it breaks the trendline then future targets:
T2: 1380
T3: 1488
T4: 1533
RSI and MACD are gaining momentum. Very favorable risk : reward setup.
Disclaimer: I am not sebi registered. This chart is for educational purpose. Pls consult your technical advisor before investing.
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 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 :)
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.