HWHG trade ideas
Tata Steel Looking BullishAs per my analysis, Tata Steel is looking bullish on hourly chart.
The major support is @ 1069
On hourly chart it is also showing Bullish divergence.
Once can keep this stock on watchlist with a target of @ 1238
PS - This is for educational purpose only. Trade at your own risk. Happy Trading!
#TataSteel
BULLISHRecently made
1)Tripple bottom
2)Near support
3)W pattern in formation
near support 1000-950
Disclaimer-
Charts are posted only for Educational Learning and for Technical Experience.
This Channel does not provide directly and indirectly any buy/sell/hold recommendation.
Consult your Investment advisor to take any trade
I am not a SEBI Registered Research Analyst or Investment Adviser.
Tata steel Long @ Rs 1300NSE:TATASTEEL
Tata steel Long @ Rs 1300
Entry Rs 1300 to 1320
Target 1445
SL 1210
Time: 3 weeks
CMP 1295
Qty: 100 Shares
Tata Steel has formed two demand zone in last few days . Overall stock is sideways since last few months , recently in news. Looks that now can break the last supply zone and can also move to a new All time high. Buy in cash and hold for 3 weeks.
Disclaimer: This is an trading idea not an trading or Investment advice. this is for the purpose of education only consuly your financial advisor before taking any decision. author may enter in trade, take your own decision
TATA STEEL: POSITIVE TRENDNSE:TATASTEEL shows strong buy indicated by PSAR, MACD & Fisher crossover.
Target 2: 1342.35
Target 1: 1320.35
Stop Loss: 1263.20
𝑫𝒊𝒔𝒄𝒍𝒂𝒊𝒎𝒆𝒓:
The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We would not be responsible for the profit/loss resulting from this analysis.
Probability of going down is morePrimary trend is bearish...(by daily timeframe)
1 hr candle given breakdown ...entry must be 1265.50
target - 1st - 1220
2nd target - 1148
SL
1292 for small risk
for risk takers
1 hr candle closing above yellow trendline would be exit.
NEVER TRADE WITH CONVICTION....TRADE ALWAYS WITH PROBABILITY.
Just for knowledge.. consult your financial advisor before investing.
TATASTEEL may cone down further.it appears recent bounce from February low to high in April was corrective
in nature. and it ended in the area of 4 th wave of A wave and with an ending Diogonal
which seems to be c wave of wave B. B wave forming expanding triangle in the initial stage.
Tata steel may go down further and below A wave.
The above study will be invalidated once it crosses above April high which does not seems to be.
Let us see and watch.
This is not a trading recommendation but I have decided to go short in Tata steel.
Please go through my recent post of nifty and bank nifty.
TATASTEEL LongLets wait and see if NSE:TATASTEEL can give an inverted Head and Shoulders Pattern breakout with rising RSI, price staying above 200 DMA and Bullish MACD crossover and line crosses above the zero line.
Buy when Day close Above with Volume: 1275
SL: 1150
Target: 1400
Disclaimer: For learning purpose only. I am not a SEBI registered analyst and not responsible for your profit or loss. Please consult your financial advisor before trading.
TATASTEEL ShortCould possibly move down , levels plotted on chart
Disclaimer:
The content of the idea and the interpretation of data are solely my personal views which being said I do not warrant its completeness or accuracy.
This idea published is purely intended for educational and informative purposes, I urge traders to make their own trading decisions based on their specific trading objectives and financial position