Trade ideas
Trend Analysis on TATA STEELTata Steel is forming a pole and flag pattern in 4 hours tf and expects an uptrend breakout in the coming month. I'm hoping for a price around 94-96 as a good entry point for short-term trading. Because of the previous major rejection, a reversal from the 108-110 level is expected on the above chart.
Tata Steel: Trading below 200 day EMATata Steel
- stock is trading below 200 day EMA
- trading near 20 day EMA
-gap resistance at 109-114
Given the set up one may consider to sell 27 Oct 2022 expiry 120 Call option currently around 2.3
Profit potential 9-10%.
Be cautious if Tata Steel goes above 110. Exit if closing is above 114 in Spot.
Take care and safe trading...!!!
Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
Tata Steel - Short, Negative Crossover on weekly chartTata Steel first gave a weekly breakdown and then again established a weekly close below 100 after retest of breakdown level.
It is in a downtrend which will get negated if stock price establish a weekly close above 106 and then above 115 to start the fresh uptrend.
Until then, it is in downtrend and may slide till 82 and 75.
TATA STEEL - DAILY CHART - 26.09.2022 - BAHAVAN CAPITALTATA STEEL as per Daily chart analysis stock Below 98 then Target is 92.70.
With FII Net Selling 5101.30 Crores and DII Net Buying 3532.18 Crores it looks like FII have begin the selling once again and tomorrow could be an important day to see whether market is able to recover by consolidating forming a Reversal Doji candle in Nifty and Bank Nifty or continue to fall. Lets see whether the market if at falls can take reversal at jun 17th 2022 Nifty level of 15183.
Happy Profitable Trading to all..
Happy Navaratri wishes to All...






















