HWHG trade ideas
Long Trade in TATA STEEL.NSE:TATASTEEL
Good opportunity to invest in TATA STEEL.
Best Buying Range : cmp@117 to 120.
Stop Loss : Below 106.
Targets : 124/137/150+++++
Reasons to Buy:
Breakout of symmetrical triangle pattern.
Good support from the long term Trendline.
Good support from the 200 DMA.
Good Risk to Reward Ratio.
Good PE ratio of 16.
Thanks
Note: This is just an idea, Kindly trade at your own RISK.
tata steel cup and handle & ascending wedge- tata steel has formed sup and handle and ascending wedge pattern on daily chart
- if broken the monthly resistance R1 the stock may move further
- at present the stock is within monthly narrow range
- expecting the cup size movement at upper side
It is just a view, please trade at your own risk. I'm not SEBI registered adviser.
Swing Trade in Tata SteelHello everyone👏
I hope all the information I have provided is useful to you.
## In monthly TF
*** HH & HL formation
*** it's uptrend with taking support of trendline
*** bullish candlestick
*** momentum upside, volume is also good
*** stock has broken 2021 high..
*** resistance 166 & support 146
(Pivot levels)
*** price is above all ma
*** in weekly TF also same scenario, with a good rounding bottom
All information given is for educational purpose. No buy / sell recommendation.
Thank you🙏
Tata Steel Analysis!Tata Steel Daily Analysis
Symmetric Triangle Pattern Formation in Tata Steel
Tata Steel has made Symmetric Triangle Pattern. I did all analysis on the daily Timeframe chart and also metioned Projected profit over there. Symmetric Triangle Pattern is a continuation pattern. So i am waiting for the clear Breakout / Breakdown . As price gives Breakdown / Breakout we can initiate our trade in this way.
Keep an eye on Tata Steel and wait for which side it will give Breakout / Breakdown!
Tata Steel Positional LongDate : 02-03-2024
Buy Tata Steel above 153
Target of 163, 183, 207, 232
SL 122
Strategy : SBO + RSI > 60 + EMA above 20 & 50
Duration few weeks
Please consult your financial advisor before investing
All research for educational purposes only.
Stock is ready to cross past barriers with good volumes
Amazing breakout on Weekly / Daily Timeframe - TATASTEELCheckout an amazing breakout happened in the stock in Weekly timeframe, macroscopically seen in Daily timeframe. Having a great favour that the stock might be bullish expecting a staggering returns of minimum 25% TGT. IMPORTANT BREAKOUT LEVELS ARE ALWAYS RESPEECTED!
NOTE for learners: Place the breakout levels as per the chart shared and track it yourself to get amazed!!
#No complicated chart patterns
#No big big indicators
#No Excel sheet or number magics
TRADE IDEA: WAIT FOR THE STOCK TO BREAKOUT IN LOWER TIMEFRAME AND RETRACE IF NEEDED. SL IS NEARER SUPPORT ZONE IN Daily TIMEFRAME.
PS: No new Nifty500 script can escape from me when making a breakout. :-)
PS: People who missed my first BO level, can re-consider this BO level when a proper candle close is seen in Daily TF.