TATASTEELPP trade ideas
CHANNEL PATTERN If breakout 143 level or channel breaks then the good movement for the upside of this stock
TATA STEEL looking good above 152As we can see a weekly chart of the stock named Tata Steel which is going to make a new high in coming week, all technical indicators are on positive side, so Metal Sector will make new high, one can look for TATA STEEL in cash for a target of 180 and 200 in coming week.
Tata Steel Ltd. looks good on weekly chart...Tata steel ltd. looks set for an up-move as it emerges out of multiple bases.
Close above 140 would create a positive momentum.
Strict stop loss at 5-8% in case the trade doesn't go as plan.
PS: Not a buy/sell recommendation.
Short-medium term BullishCurrently at 143 level which in my view is acting like a resistance on Fibonacci level.
If the stock price is able to cross this level, which in my view it should, then 143+ is a good entry point for a short-medium term trade.
Fundamentally this is a great stock as well, so no harm in holding for long term. 170 also possible in long term.
Target: 154
SL: 134
Tata Steel: A new cycle to startAs we all know metals and some minerals stocks work in cycles, as per chart and price actions all metal stocks are ready to fire up again, and from all those Tata Steel is a good name to bet on.
current price is 142. we can add up to 136
with SL of 128. this can reach 180-200 in the next 6-8 months.
TATA STEEL SHORT TERM VIEWTATA STEEL
KEY RESISTANCE LEVELS (136/138).
The stock has been facing resistance at 136/138 levels multiple times. We saw a breakout candle on 2nd Feb.
Follow-up buying will lead the stock further higher.
Stock price if sustains above these levels Expected move upto 160 , 180 .
Buy tata steel Rsi/cci hidden bullish continuation divergence clearly visible on daily chart. Good result of the company out today.
TATA steel Week chart Moving on channel and supported 138 strong
Once its break 146 life time hugh
thn Target 167(fib 2.618)
if break down it get support on channel line.
Bullish BreakoutBreakout after 2 years from symmetrical tringle
Near 50 DMA
Prior long term uptrendv
Cycle and Pattern might be repeated :)wait for 2 Higher lows and then buy at sellers stops
can be good buy trade for short term
TATA STEEL RE POSTtata steel trade still active and can enter for swing or intraday if closes above 134
with stoploss between 132-132.5
TATA STEEL MIGHT TAKE A U-TURNTata-Steel at best support zone might give an upside move by taking a u-turn
best swing opportunity with a very low S.L
entry around 133.75-134 or above
S.L at 132.5 or below 133
for targets like 135-137, 139.5, 141 and above
Tata steel sell recommended near 139 with 142 SL 131next TargetOn Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% ..
Please note:-
It's working on news based and volitile market very well so exit if SL hit
TATA STEEL | Time for Metals to ShineIt has been consolidating in triangle pattern since very long and it's on the verge of breakout. Metals have cyclical nature and CNXMETAL is also forming good pattern for breakout so seems like it is time for metals to shine. Ensure that volume is more than median during time for breakout to avoid false breakout.
Entry -: 117.45 (at least 1 hour closing candle)
Target -: 172
SL -: 104 (daily closing basis)
RRR -: 1:4
Use trailing SL after 1:2
Tata steel near big resistance if 142 not break then 132, 124 On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% ..
Please note:-
It's working on news based and volitile market very well so exit if SL hit
