Tata Steel Daily chartTata Steel is breaking out of this trend channel and has recently broken a resistance level with good price action and volume. A resistance level ahead but it can start moving up from here
Trade ideas
TATA STEEL broken downtrend spanning since Aug 2021Tata Steel is about to break levels. BAT Harmonics about to activate.
It can be bought if it sustains above 1245
SL 1230
TGT 1380
Note: This is for educational purpose. Do you analysis as well.
#POSITIONAL KASH STOCKTATA STEEL:
The stock has given a breakout and can touch the 1273-75 levels in short term. Please do your own study before any trade.
TATASTEEL POTENTIAL REVRSAL ABOVE 1250Tatasteel has been in a constant downtrend for making lower highs and lower lows for the past 6 months.
This seems to a reversal point and a start for an uptrend.
1.Reclaimed the flip level.
2.Crossed 200 ma.
3.Broke the counter-trendline.
4.Gave a rally after making triple bottom last week.
It would be better if we see a consolidation before the rally
Buy above - 1250
Targets mentioned in the chart above.
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Breakout, 1st target 1340Breakout given after long consolidation, Please hold the stock for 7-10 days it will cross 1300+
TATA STEEL for swingSCRIPT : TATA STEEL
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Swing trade : SL can of 1040, for the target of 1250/1360/1430/1500++
Reason : Triple bottom, good demand zone 1080 levels (see the previous breakout with good volumes)
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TATASTEEL DAILY CHANNELThis is the channel on tatasteel which i can spot i m waiting for breakout and retest if it happens then it could be possible good swing trade opportunity...guys please do your own analysis before taking trade.
TATASTEEL SWING OPPORTUNITY?????tatasteel daily timeframe can we expect swing...for this setup we need breakout and retest for long term as it is on daily chart it might take longer time to reach the top...
As always guys this is my forecast this is not sureshot trade, please do your own analysis before taking trade.
I hope it will help. please let me know in comment section what do you think about this setup... thankyou:)
Buy Tata Steel Breaking long time Trendline with volume increament. Year 2022 is made for Steel sector and can bet on Tata steel.
TATASTEEL:Morning star formationSeems like TATASTEEL might be ending flat correction which started from 1530 levels taking price all the way down till 1060.A bounce in the form of wave X can give good swing trade.
Reason behind end of current flat correction.
1)Price reaching near 123% wave A extention in wave C fall
2)Price reaching 100% equality wave 1 target in wave 5 of wave C.
3)Price reaching wave 4 low's of higher degree(1050)
4)Morning star formation on daily chart.
5)Positive Divergence between wave 3 and wave 5 low's.
6)22 day cycle period low is due on 31st jan,indicating time will be favouring bulls.
As we can clearly see tatasteel forming an important pivot low at 1061,one can initiate long at CMP of 1110 with 1060 as initial stop-loss for an eventual target of 1240 giving us a risk reward of 1:2.
Disclaimer:THis are just my views on the stock,no position should be build or exited on its basis.posting this just for my future reference.
Tata steel 08-01-2020my view tata steel complete correction before maxmium one week and start up move impluse
Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
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I use short hands for my trades.
"Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.)
"Intraday" -means You must close this position at any cost by the end of the day.
"Theta" , "Bounce" , "3BB" or "Entropy" - My own systems.
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I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share.
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Like -
Always follow a stop loss.
In the case of Intraday trades, it is mostly the "Day's High".
In the case of Positional trades, it is mostly the previous swings.
I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives.
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TATA STEEL SWING TRADEAs we can see TATA STEEL is on the verge of trendline break. We can go by keeping our sl below the breakout candle. Targets are mentioned in the chart itself.
Tata steel near trendline breakout Reversal from a strong support again. Closed near the strong trendline. Can be good above 1225 for intraday and above 1245 for swing on closing basis. Levels mentioned in chart. Follow strict risk management.
Tata SteelWe can expect an awesome upward move from the /steel sector if tata steel sustains above 1249 level , considering it's blockbuster results, let's hope FII's become net buyers else this breakout will be useless.
Trend line breakout !!!The stock gives trend line breakout after 6 month of consolidation.
buy above 1240rs, Looking for good up move.
This is only for educational purpose, Do your own analyze before trade !!!
Tata Steel - Long (Edu Purpose)Waiting for channel breakout, stop loss 1148.00,last 5 days delivery increment,delivery % also increment.
Tatasteel trap for us🕸️🕸️🕸️🕸️Tatasteel in support level ...bt current trend is downtrend so we have buy only above 1430 or wait for level 716....
Huge fall expect . Break the support level look like H&S pattern
TATA STEEL : BREAKOUT SOON CANDIDATEExpecting good Upmove
TGT - 1300 & 1350-+
SL -1150
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.
#Tatasteel Long (08 Feb)#Tatasteel Long (08 Feb)
RSI- 61
Took support at Triple bottom chart pattern
Now crossed all moving averages
Buy at CMP- 1218
SL- 1165
Target- 1360, 1415
Disclaimer- We are not SEBI registered advisor.
Charts and views are only for educational purpose.
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TATASTEEL READY FOR ATH?TATASTEEL can give good upside move above 1229 zone R:R the setup can be used for positional trade.
SL and Targets mentioned in the chart.
