HWHG trade ideas
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.
TATASTEEL : Breakout after more than 2.5 Yrs#tatasteel #breakout #patterntrading #patternbreakout #trianglepattern #ascendingtriangle
TATASTEEL : (1-3 Months)
>> Breakout after 2.5 yrs
>> Ascending Triangle Breakout
>> Good Strength & Volumes
>> Low Risk & High Reward Trades
Swing Traders can lock profit at 10 % and keep trailing
TATA Steel Investing levelIn the context of the weekly timeframe, we observe a significant development: the breach of the 2021 trendline. Subsequently, the price has successfully undergone a retest, a crucial aspect in technical analysis. What adds to the bullish outlook is the presence of a bullish harami pattern at the bottom of this retest.
A bullish harami pattern is a two-candlestick formation where a small candle with a bearish close is followed by a larger bullish candle. This pattern often indicates a potential reversal of the preceding downtrend, as the smaller bearish candle suggests hesitation or indecision, followed by a strong bullish move.
Additionally, the Fibonacci retracement tool reinforces the positive sentiment by highlighting the 0.38 level as a significant support level. This convergence of multiple technical signals—trendline break, retest completion, bullish harami pattern, and Fibonacci confirmation—strengthens the argument for considering this juncture as a favorable entry point for a bullish position.
TATA STEEL LIMITED ( EDUCATIONAL PURPOSE ONLY )There is no guarantee in stock market and Nothing over week
STOCK TO STUDY (EDUCATIONAL PURPOSE ONLY, NOT BUY OR SELL RECOMMENDATIONS}
TATA STEEL LIMITED
Target: RS 152
CMP: RS 143.90
ENTRY RANGE: 142-146
STOP LOSS: RS 135
Disclaimer: I am not Sebi Registered.
Tata steel ready to fall till 126 and 119On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% ..
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Is Tata Steel an Ending DIagonal?Tata Steel chart - if we connect all the highs and lows since September, it can look like an ED or 'ending diagonal' pattern. The ED is a triangle pattern that occurs at the end of a trend and is marked as a-b-c-d-e in the direction of the existing trend. After wave e, we try to anticipate a trend reversal. This pattern will further confirm if the ED's lower line also breaks.
SWINGTATA STEEL- CMP: 138 (04/02/2024)
Hourly Chart (4 Feb 2024)
Key Study Points:
- Swing Trade
-Consolidation Breakout
- Strong Price Action
-Can Seen quick Rs 10-15 Movement.
- Keep SL of 133 and keep Trailing the SL.
Disclaimers:
This chart & study is for Educational & Learning Purpose. This shouldn't be construed as an advice to Buy / Sell / Hold. Pls consult your Financial Advisor before Trading / Investing.
TATA STEEL looking good above 152As we can see a weekly chart of the stock named Tata Steel which is going to make a new high in coming week, all technical indicators are on positive side, so Metal Sector will make new high, one can look for TATA STEEL in cash for a target of 180 and 200 in coming week.