HWHG trade ideas
Beautiful Price Action in TataSteel If you love price action, then you should definitely check out TataSteel as in past few years its has been a traders dream. TataSteel is poised for stunning gains in 2024-2025 and you can expect a decent rally of another 5% leading upto the upcoming budget on 23rd of July. Recent correction may give an opportunity of make a decent entry at about 172 Rs a piece.
TATA STEEL - 13 years resistance BO & retest! (CASE STUDY)Price observation & Overview:
1. One more example of how simple things work beautifully if observed carefully.
2. Currently, it has the potential to touch 200.
3. No new entry, if holding continue to hold.
4. Earnings are weak!
Weekly TF:
- Stay tuned for further insights, updates and trade safely!
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Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing.
Thanks & Regards,
Anubrata Ray
TATA STEEL MAKING A PERFECT CUP AND HANDLEThe stock has consolidated in a very long range from may 21 . 124 is a crucial resistance for it and has touched upon it for the 7th time . also the stock has followed a proper range bound trend earlier which arouses quite optimism about the stock. if the resistance is broken the immediate return could be of 15 % for short term
Breakout of The Year Tata Steel LimitedHi friends sharing a view on Tata steel where i observed a horizontal trendline breakout of ascending triangle on weekly timeframe and it seems a good opportunity to go long in this stock where Tata steel relentless climbing continues as it achieves a milestone with a weekly breakout to an all time high and bulls rejoice as price defies the expectations of bears and scaling new heights with this significant breakout of 2.5 years old resistance.
So now we will talk about technical points which i observed as we can see price is moving in ascending channel since a long time where first took resistance from upper trendline of resistance in 2017 and after taken same resistance from that trendline in the year of 2021 but this time was way higher from previous top and now price breached that top of which it made in 2021 where it got rejected from rising trendline, And in this duration price formed an ascending triangle pattern after the previous all time high and the swing bottom which it made after that all time high. Used Super trend indicator with default settings for more confirmations of this breakout which provided by Trading View and for this thank you very much for them.
Target Upside-: So mates we can see that once again price will touch that upper trendline after this breakout which will be near about to 200 to 205 levels, One pattern based target identified too in which i measured triangle height which is nearly about 75% so we can see a more 75% upside from the breakout levels.
Support-: So now 138 levels seems a good support area where two big swing rejections are there this time can work as support on weekly closing basis.
Breakout Retest-: Well a retest is a good confirmation of breakout and often gives sustainability and strength to breakout so for this idea 148-145 i will consider as a breakout retest zone friends and personally breakout retest entries are my favorite strategy and for this trade i would like to the same.
This publication is meant for only learning purpose, it is not any kind of trading advice.
Best Regards- Amit (Do boost my publication if you really like it mates)
“Most traders take a good system and destroy it by trying to make it into a perfect system.” - Robert Prechter
TATA STEEL! Technically Strong Steel.Today we will analyse Tata Steel, A large Cap company.
This stock presents so much to learn.
Fundamentally, the stock is performing below average compared to previous 2-3 years.
But last quarter was decent.
Technically, the stock still has opportunities.
The levels and indicators are marked in the chart.
This is for educational purposes only. Not a buy/sell advice.
TATASTEEL, Technical OutlookThe price is in a strong down trend. Today's candle has changed the character of price.
The next important level to consider is 162.30 and if broken then the price could test the levels of 158. Also the degree and nature of separation in both bands indicates the price is entering in the compression zone.
Disclaimer : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
TATA STEEL - BUY TREND - BUT....Tata steel is in buy trend. It breakout the resistance at 167.5. The price didn't retest at this level. So wait for retracement. If trend reversal occurs after retracement we can go for buy. The target will be 210. Stop-loss should be put below 165. Risk reward ratio is 3