TATASTEEL Delivery Buy TATASTEEL Above 141 Stop Loss 126 Targets 155-170TATA STEEL LIMITED stock forum
TATASTEEL Delivery Buy TATASTEEL Above 141 Stop Loss 126 Targets 155-170
TATASTEEL Nifty metal is looking good for a reversal.
Please keep a check on Tatasteel it if following a rising channel.
Look for buy on dips with SL of 128.
Jai Shree Ram.
TATASTEEL Support and Resistance for TATASTEEL on a 1-Day Chart:
Support Levels:
Recent Lows: Look for the most recent significant low where the stock price has reversed and started rising again.
Previous Swing Lows: This refers to the lowest points over the past few days or weeks.
Psychological Levels: Round numbers such as ₹1000, ₹1100, or ₹1200 are often key support levels.
Resistance Levels:
Recent Highs: Identify recent peaks where the stock has faced selling pressure and reversed.
Previous Swing Highs: Look for the highest price points from the last few days or weeks.
Psychological Resistance Levels: Round numbers such as ₹1300, ₹1400, or ₹1500 can act as resistance levels.
TATASTEEL Delivery Buy TATASTEEL Above 149 Stop Loss 137 Targets 161-174
TATASTEEL good support zone around 143
TATASTEEL #TATASTEEL
Current Price: The current price is 166.55, showing a recent uptrend. Support Levels:
Around 145-150: This area served as a key support level in recent months. Around *160: Prior support and resistance levels clustered around this zone. Resistance Levels:
*170: The stock faced resistance here before declining in previous rallies. *175-180: A major resistance zone, based on previous peaks (March, June). Buy Entry: Consider entering between 160-165 if there is a pullback to this level. This zone aligns with prior support, and buying on dips is safer if the uptrend holds.
Sell (Profit-Taking): First Target: 170-175: The stock may face resistance around this level. It is ideal for taking partial profits.
Second Target: *180: If the stock breaks the *175 resistance, *180 could be a solid second target.
Stop-Loss: Place a stop-loss around €150-155, below the recent low, to protect against downside risks.
Hold Decision: If the stock maintains above €170 with increasing volume, it might be worth holding for a further breakout beyond 180 for extended gains.
TATASTEEL 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 ₹ [Support Level 1] or the support level of ₹ [Support Level 2].
Medium-term traders can consider long positions around the resistance level of ₹ [Resistance Level 1] or the resistance level of ₹ [Resistance Level 2].
Long-term traders can look for buying opportunities around the support level of ₹ [Support Level 3] or the support level of ₹ [Support Level 4].
TATASTEEL Can reach 160 in 7 Days
TATASTEEL has been upgraded as stableTATASTEEL has made provision for SC judgement past dues if any can be paid in 12 years.Tata steel profit is increasing on cost cutting. buy for a target of 200