My view on this script is bullish Ofter strong rally its on consolidation and makes wedge pattern . Strong Breakout with Retest with Volume
Tatasteel has good bulish flag pattern breakout. Above 133-135 closing can give good upside in the future. It should sustain or retest the flag top levels.
Hi 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...
stock has gained the momentum would give 15 percent upside momentum in coming days. SL should be below breakout candle or any day candle closing below 10EMA
tata steel at the resistance of 167.60.resistance broken bulls are trapped.now going to fall
Tatasteel breaking ascending triangle with good volume and rsi macd crossover #swingtrading #target178 EDUCATIONAL IDEA
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
Enter in opposite direction, whenever Price breaks horizontal level and Retraces in 1_2 Candles.
Took trade in Tata Steel at yellow point, breakout of horizontal line , but it came back. Never take trade Just after breakout, Wait for price to Reach the trendline or take trade in Opposite direction of breakout.
Took trade in Tata Steel at yellow point, breakout of horizontal line , but it came back. Never take trade Just after breakout, Wait for price to Reach the trendline or take trade in Opposite direction of breakout.
Tatasteel showing some bearishness . Ofternoon breakdown I plan for go short on this script...🏁
Tata Steel LTD Analyasis on 03 mar 24 Breakout of Rounding bottom formation breakout of all time high after Aug 2021 add 25% now add more quantity after breakout retest @ 140-145 Keep stoploss 130 (on closing basis) target 160 - 170 -180 rounding bottom target 200
The stock moved past its prior all time high of 153. The Monthly RSI has bounced from its bull phase support level of 47-55 zone, Monthly MACD is also positive. If the scrip is to repeat its past price behavior, it becomes a good investment option with target around 335. Bullish outlook remains intact as long as price is above 150.
As the Momentum indicator suggest that momentum is capped now. And it has a book value of 82/- which is like 50% less than the current price. Usually steel shares trade near book value. The fundamentals are opposite to the movement of stock currently. Wait for the q4 results for any decision
Tata Steel :- - Monthly RSI showing signs of Divergence - The same could be observed on Weekly RSI as well - On daily the candle formed on 26.04.24 seems to be bearish in nature with high volumes forming a double top around the levels 165/170. The Fib retracement could be seen plotted at 154-150, 0.5/0.618 respectively. A short can be initiated from the levels...
Cycle Degree:Blue Primary impulse:red Primary Corrective:Yellow Monthly chart of Tata Steel is suggesting price raising in zigzag corrective pattern on cycle degree of which we are in wave C shown here in blue.As zigzag being a 5-3-5 pattern wave C is unfolding in an impulsive manner on primary degree shown here in red.This impulse has completed wave 4 recently...
Tatasteel looking good for short to medium - Target 157+ 30% upswide potential
Buy abv 125 Target 138, 150. SL 112 Trend line broken, 125 abv only strong movement we can expect