Ready for Breakdown Tatasteel showing some bearishness .
Ofternoon breakdown I plan for go short on this script...🏁
TATASTEELPP trade ideas
Tata steel LTD Analyasis on 03 mar 24Tata Steel LTD Analyasis on 03 mar 24
Breakout of Rounding bottom formation
breakout of all time high after Aug 2021
add 25% now
add more quantity after breakout retest @ 140-145
Keep stoploss 130 (on closing basis)
target 160 - 170 -180
rounding bottom target 200
TATASTEEL
The stock moved past its prior all time high of 153.
The Monthly RSI has bounced from its bull phase support level of 47-55 zone, Monthly MACD is also positive.
If the scrip is to repeat its past price behavior, it becomes a good investment option with target around 335.
Bullish outlook remains intact as long as price is above 150.
Tata Steel capped upsideAs the Momentum indicator suggest that momentum is capped now. And it has a book value of 82/- which is like 50% less than the current price. Usually steel shares trade near book value. The fundamentals are opposite to the movement of stock currently. Wait for the q4 results for any decision
Tata Steel - Correction?Tata Steel :-
- Monthly RSI showing signs of Divergence
- The same could be observed on Weekly RSI as well
- On daily the candle formed on 26.04.24 seems to be bearish in nature with high volumes forming a double top around the levels 165/170.
The Fib retracement could be seen plotted at 154-150, 0.5/0.618 respectively.
A short can be initiated from the levels 165/168 for a target of 6-8%
Buy opportunity can be seen at levels 152/154 post confirmation.
Cycle C of Zigzag underwayCycle Degree:Blue
Primary impulse:red
Primary Corrective:Yellow
Monthly chart of Tata Steel is suggesting price raising in zigzag corrective pattern on cycle degree of which we are in wave C shown here in blue.As zigzag being a 5-3-5 pattern wave C is unfolding in an impulsive manner on primary degree shown here in red.This impulse has completed wave 4 recently and wave 5 is underway currently.
Ideally wave 3 is found to be extended in an impulse but this being a commodity stock,wave 5 is often found extended.Equality target on cycle degree is coming at 480 level and wave 5 extention target on primary degree is coming at 360,which is still double from current levels.
One can go long at cmp of 162.25 as price has recently broken its previous all time high of 153 as is sustaining above that breakout level from last 3 weeks post a pull back.On the downside a stop-loss of wave 4 low should be kept which is coming at 115 odd levels.
Disclaimer:This are just my views on the stock,no position should solely be taken on its basis,posting this just for my future reference.
Tata steel - Looking goodTatasteel looking good for short to medium - Target 157+ 30% upswide potential
Tata steelBuy abv 125
Target 138, 150.
SL 112
Trend line broken, 125 abv only strong movement we can expect
Tata steel towards new highTata Steel has crossed its major resistance and towards of a new high.
entry after a small correction
Target 154
next target stay updated
Note this is only for no educational purpose so all risk is yours I am not responsible for any loss or profit.
TATA Steel Bullish long timeframe As per my previous analysis as you can see after taking retrace at 115 level it take a bullish move.
Now you can add more position at the range between 156.90-153.55 . As I'm expecting price will come here once .
Our Support :147.35
TATA Steel Analysis and future trend.Tata steel is looking very strong. It has crossed all time high two days back. And it has rested its level and it looking to go up Apple. I have consider year low and project based on that price.
BUY TODAY SELL TOMORROW for 5%DON’T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Try to exit by taking 4-7% profit of each trade
- SL can also be maintained as closing below the low of the breakout candle
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall.
Trendline Breakout in TATASTEEL
BUY TODAY SELL TOMORROW for 5%
Triangle plus INHS breakoutTata steel has given a good beakout.
We can see 150-160 levesl in 6-9 months of timeframe.
keep sl 110
tata steel bearish butterfly hidden inside on weekly chart.- inverted head and shoulder break out done, ascending triangle trend line break out done, pennant flag breakout done, R1 also crossed nicely.
- But bearish butterfly hidden inside on weekly chart which make some nerves among uptrends movement.
- new investor please wait for correction
- 140 is the trend line support.
this analysis is for learning purpose only.
It is just a view, please trade at your own risk. I'm not SEBI registered adviser.
TATASTEEL Analysis & PredictionThis is the analysis of TATASTEEL in the weekly Time Frame. Watch carefully. The chart explains itself.
If it breaks and sustains above the upcoming resistance level, it is good for the stock.
There are some prediction levels. These Levels act as Support and Resistance according to position of price. You have to trade according to level breakout or breakdown.
Always maintain your risk management.
Book your profit according to your “STOMACH”.
Disclaimer:
This is not investment advice. I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult your Financial Advisor before taking any decision or trade.
Happy trading.
About TATASTEEL :
Tata Steel Ltd. is a holding company, which engages in the manufacture of iron and steel products. It operates through the following segments: Agriculture, Automotive Steels, Construction, Consumer Goods, Energy and Power, Engineering and Material Handling. Its products include Automotive Steels, Galvano, Tata Agrico, Astrum, Bearings, Pipes, Precision Tubes, Shaktee, Steelium, Tiscon and Wiron. The company was founded on August 26, 1907 and is headquartered in Mumbai, India.
TATA STOCK - TATASTEEL📊 Script: TATASTEEL
📊 Sector: Steel
📊 Industry: Steel - Large
Key highlights: 💡⚡
📈 Script is trading at upper band of BB.
📈 MACD is giving crossover .
📈 Double Moving Averages are giving Crossover.
📈 Right now RSI is around 62.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 155
🟢 Target 🎯🏆 - 167
⚠️ Stoploss ☠️🚫 - 150
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
Happy learning with trading. Cheers!🥂
Tata SteelTata Steel(1 Hour Chart)
At Fib Resistance Zone
Keep an eye.Next Bullish move only if stays above 160
Important Support near 147
Tata steel testing ATHAscending Triangle Breakout Setup in Monthly chart
RSI above 65 and rising
Trading above EMA50
Long consolidation of 32 months
Testing all time high
Disc: for study, not a recommendation
Pennant formation in Tata Steel Tata steel has formed a Pennant and break of the resistance.
CMP : 153
Stoploss : 130
Target: 220-250
Time frame : 9 months(By year end)
TATA STEEL - LONG CANDIDATETata Steel -
Trading plan already mentioned in charts..
Personally holding in options with hedge and in good profits..
Kindly do your own study before investing
Steel Breakout chart
Steel stock
Life time high
Ascending triangle pattern Breakout
Volume addition in chart
INVERSE HEAD & SHOULDERSTATA STEEL weekly INVERSE HEAD & SHOULDERS Pattern It can give a nice swing or positional opportunity if it sustains above 138 I think 1st target will be 153-158 and so on
