TATA STEEL ANALYSISTechnical Analysis
According to chart Tata Steel has entered its first support range of 1080-1060. If it falls further it can go to previous all time high level of 880. After that support for Tata Steel is the range of 600-700. One can add small quantities at every level for mid to long term investment.
Fundamental Analysis
PE Ratio : 17.88 (Undervalued in comparison to peer companies)
Sector PE Ratio : 23.76
TTM Eps : 256
Book Value per Share : 631
Below data for previous 5 years.
Revenue Growth : 7.61%
Sector Revenue Growth : 8.94%
Market Share : 32.85 % to 31.55%
This analysis is just for educational purposes and not an investment advice.
HWHG trade ideas
Tata Steels Ltd Long @ Rs 1185 or BelowNSE:TATASTEEL
Entry 1185 or Below
Target 1290
SL 1125
Time: 5 Week
CMP 1186
Tata Steels Ltd is trading at 1190 and in a downtrend for a long time . Price is reaching near to demand zone. In the Options Analysis strong pressure on PUT side is at 1200 level and CALL side is 1300 levels. So Price is expected to remain in between them on current month expiry. Buy and hold for the 5 weeks.
Disclaimer: the author may enter in trade, take your own decision , This is a trading idea, not an trading or Investment advice
TATA STEEL - DAILY Chart Analysis 26.11.2021TATA STEEL as per daily chart analysis has taken the trendline support at 1112 level and if it breaks then next support at 1046 level and from here the stock should consolidate for the reversal. However one can see a fresh buying opportunity only after full correction completed.
Symmetrical triangle !!Stock has formed symmetrical triangle pattern on weekly chart.
Results update mentioned on chart.
One can consider long position with SL 1150 on weekly CB for the target of new ATH with more than 1:3 RR, over short - medium term.
Kindly do your analysis before initiating trade.
tatasteel -bullish harmonic-weeklywait for reversal at present zone
can reach 1210-1250-1280
negation candle closing below 1130
if it breaks 1130,may form another harmonic pattern
Educational purpose only.
This is not a recommendation -
I am not SEBI registered - Do not TRADE/INVEST basis what I publish here.
Inspired by - Trading Mirror telugu
MELTING YET TO BE COMPLETED(CONTINUATION)Just dancing to the tunes of chart posted earlier. Reached parallel channel bottom. Likely to have dead cat bounce. Mkt rewards patience & most importantly - timing.(Fortunately most of yelling TV/U-TUBEWALAAS don't have).Also have reasons to believe that mkt has made 4th of 5th cum final wave(TGT 19K++/42K ++).SO TIME TO BE CAREFUL WITH SHORTS. NOTE:-Views r personal-not a trading recommendation.
tata steelNote:
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