TATASTEELPP trade ideas
Tata Steel Bull Call Spread !!! Amazing opportunityTata Steel after taking support on 50 DEMA has resumed its upward trajectory. Chinese central banks have decided to ease monetary policy by 50 basis points following the feds but fundamentally to support growth as economy has been slowing down. This is good news for global commodity markets because slow Chinese economy dumps commodity in the global market. Tata steel is likely to benefit with its recent capacity expansion. Price action supports this theory. One might position to benefit by employing bull call option strategy.
TATASTEEL SUPPORT & RESISTANCE For Tata Steel (TATASTEEL), the key support and resistance levels are as follows:
Support Levels: ₹119.25, ₹119.011
Resistance Levels: ₹120.9, ₹121.521
These levels can help you identify potential entry and exit points for your trades.
Short-term traders can look for sell opportunities around the immediate support level of ₹ or the support level of ₹ .
Medium-term traders can consider long positions around the resistance level of ₹ or the resistance level of ₹ .
Long-term traders can look for buying opportunities around the support level of ₹ or the support level of ₹ .
Tata Steel Monthly Chart Tata Steel
Monthly Chart
Tata Steel From 0 Fibo to 0.786 touch (Low 83 High 185)
From 185 ( 0.786 Fibo To 0.50 Fibo ) Low Rs 148
Next Upside Move Starts From 0.50 Fibo Levels To 1.618 Fibo Levels
Cmp Tata Steel 154 (as per 0.50 Fibo it comes to 148 ) SL 133 Tar 164,185, 213,263, 293
(Long Term Chart)
Tata SteelTata Steel :
Weekly:
-Stock is taking support at .618 Fibo Levels
-Trading above 50 MA and also at support of lower Bolling Bands
-Also at previous support levels
Daily:
-RSI at support levels
-Stock showing signs of reversal
-Can be entered for investments purpose or positional trade
Note: The above analysis if for educational purpose only.
-CA Diptii Saeth
NCFM and NISM Certified Technical Analyst
PhillipThe stock market as a whole is an exchange mechanism that helps investors buy and sell shares in publicly traded companies. Though you can visit the New York Stock Exchange (NYSE) and offices of the NASDAQ, these are just components in a broader marketplace. Trades are conducted mostly through electronic means between participants who are remote from each other. The mechanism is an excellent means for businesses to raise capital from investors. Additionally, analysts closely examine its traded prices for signals of economic strength or weakness.
Tata Steel Ltd. ( 25% upside potential )
Sector: Iron & Steel
WTF as we can see MTF & DTF structure bullish and price makes HH & HL pattern and now price in MONTHLY demand zone ( previous resistance) with RSI bullish divergence and bollinger band lower band support in DAILY TF.
LTF say 1H mitigation in DTF demand zone with RSI bullish divergence and bollinger band lower band support.
on DAILY TF RSI N BOLLINGER BAND also support the IDEA...
price may face resistance at 175-178 as DAILY supply zone as well as HTF supply zone....
on the other hand we PA moves against our anticipation, 130 level on DAILY closing basis act as stop loss...
so keep in mind and plan your trade accordingly...
Who's gonna trade with me for this trade IDEA let me know.....
Tata Steel (Educational Idea)Tata Steel in time correction
Will pass the time in between range of 150 - 176...
Swing traders can grab the swing between these levels..
Long termers can add this gem from current levels..
Price action::
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Looks like Head & shoulders pattern
Multiple shoulders on the left side..
Now right side shoulder formation in cards ....
Testing these support 158 make this levels very weak and if it breaks this levels may lead to fall of another 10 to 15 pts ...
But my strong feeling stock will not fall below 140