Tata steel after dividend Hello friends,
Today was dividend price adjustment on $tatasteel.
On 1 day timeframe it in bullish trend
but it looks like there is short term down trend started,
we can find again long position once it take support @108 or @107
#first make short position still it support
#second wait for trend reverse to bullish because it may break up level and make new high this time.
Its my point of view on this stock, but please do your own analysis and make your own view and take positions.
Like and share.
Thanks
HWHG trade ideas
TataSteel go short, June 2023 optionTatasteel approaching trendline resistance for the month of June price action suggests to go short. Please see the image for detailed description.
This is more of educational purpose and It's important to note that this analysis is based on technical indicators and further research and analysis are recommended before anyone making any investment decisions and they will be solely responsible for taking their own decisions.
intraday, swing, short term; min 70% returns, tatasteel
midcap stocks are going to boom.
long term investment; min 70% return
huge potential is there.
investment ;
trendline is now broken,
wait for small retracement and weakly candel to close
if you are intrested in investmet, go for it with small risk,
more possibility is there for breakout.
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overall "TATA STEEL" fundamentally good stock.
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refer over old posted idea attached bellow.
Short term trade setup in TataSteelThe chart is self-explanatory, with all levels marked for Short term trade setup in TataSteel.
Note for everyone who came across this study:
This chart is only for educational purpose.
This is not buying or selling recommendations.
I am not SEBI registered.
Please consult your financial advisor before taking any trade.
Channel BreakoutAn ascending channel is used in technical analysis to show an uptrend in a security’s price.
It is formed from two positive sloping trend lines drawn above and below a price series depicting resistance and support levels, respectively.
Channels are used commonly in technical analysis to confirm trends and identify breakouts and reversals.
Script = Tata Steel
Time Frame = 1 Day
TATA STEEL UPDATE As said earlier tata steel is is completing inner triangle within right shoulder, it has touched the upper end of triangle twice at 109.80, the upper end of triangle can be viewed as lower high down trend line. On weekly view we see 109.80 has become become double top. But if seen in daily time frame it had completed and broke above triangle pattern, which is keeping investors comfortable. Since tata steel is slow moving stock it may break weekly triangle pattern by Friday. Being patient will be rewarded.