Tata steel going for breakouttata steel at support going to break out in furthur das. in my analysis 182 to 204 is target in futher days
HWHG trade ideas
TATA STEEL APPROACHING TO ITS CRUCIAL RESISTANCEAfter split the stock has rallied, almost 12% which now has put the prices at resistance zone (106-110) which was acted as a strong support.
The zone is around 106 - 110
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Some bad about this stock
1) prices trading below 200 day moving average.
2) Price corrected recently 45% which is huge.
3) The volatile metal prices, making business projections , dismal.
4) On chart we are seeing that it is trading below 110 level which was support earlier.
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Some Good about this stock
1) Stock prices has shown a big rally recently
2) Overall market sentiments shifted slightly bullish , as after expected FED policy.
3) Metal sector overall on chart is bullish in short term.
4) RSI crossed 70 on daily chart , many will argue at this point that it is overbought case, but I don't think so.
5) Quarterly results were average.
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Conclusion : Stock will be bullish above breakout of resistance zone , so plan accordingly.
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Comment below if you want to add or correct anything.
Tatasteel will take support at 100After stock split on tatasteel it was gone to over buy.
So after overbuy it will take correction at 100 or 98. even it has tried to break out 200 EMA and may be its confirming by correction.
Lets see it will be bearish for September 2022 and then will be time to invest or buy
Lets' wait and watch
TATA Steel gives another chance ??TATA STEEL gives another opportunity to missed traders with a beautiful low volume pullback to its breakout point.
The first breakout was given on high volume and stop loss has still not been hit. Stock gives traders another chance to enter
long with a good risk to reward of 1:2.
This pullback seems to be a normal one and no need for more selling to take place, wait for a bullish engulfing or the high of the recent red candle to be taken out for a long trade.
Note: More aggressive traders could try entering as soon as the market opens to get an even better entry price.
Keep It Simple
tata steelTATA STEEL ....
1 - forming inverted h & s pattern
2 - avg volume
3 - price trading above 200 ma , support
4 - due to consolidation rsi bend 75
TATA STEEL Inverted Head & Shoulder breakout.
Tata Steel trading above 200EMA, in uptrend now, making inverted head & shoulder pattern.
sl should be 109,can buy above 110 for ST target 125.
Only for educational purpose,do ur own research .
Bullish on Tata steelBefore breakout stock already consolidate , now breakout happened it's good level to enter in Tata steel.
TATASTEEL CUPHANDLE NECKLINE BROKENTatasteel targets given. stoploss was bottm of handle on closing basis.
TATA Steel Swing 35% Swing Already done, 35% more to go. Took support at its parallel channel & also from 50% Fibonacci level. Add this in your watchlist
#TATASTEELStock is trading above 200wma.. can be accumulated with SL 105 at CMP 113.. for breakout above 115.. Target 130/145
Tata steel stock is good for swing tradeTATA STEEL stock is good for swing trade.
TATA STEEL stock resistance is broken
buy 113.90 and sp is 108 and 1st target is119 2nd target is 125
TATASTEEL breaks multi-month resistanceTATASTEEL breaks multi-month resistance and gave a retrace possible for a bullish move we can go LONG (BUY)...stoploss if it close below the support line
ALMIGHTY TATA STEELTata steel looks good on weekly chart by the closing basis break falling resistance trend line and closed above on that, some weeks back it breaks 50 days moving average and came down with very steel fall after so many days it managed to give a close above on it's 50 days moving average so the conclusion is this that we can see a sharp rally in this giant in coming sessions.
Cause of long-:
1- Falling resistance trendline breakout.
2- Break 50 days moving average and closed above on that successfully.
Inverse head and shoulder pattern in TATASTEELNSE:TATASTEEL
Inverse head and shoulder pattern in TATASTEEL with a neckline around 110.
Safer above 114 (200 DMA).
Target 136.
TATA STEEL Inverse Head & Shoulder Tata Steel buy position forms 1. Inverse Head & Shoulder 2. RSI divergence 3. Volume
A very good stock for medium term position. Please take position at your own risk and after consulting with your financial advisor.
Tata Steel Cup and Handle BreakoutTata Steel Cup and Handle Breakout on Daily Chart,
Volume more than Avg
Tata Steel Cmp 112.65 dated 12-8-2022Tata Steel Cmp 112.65 dated 12-8-2022
1. Inverted Head & Shoulder Pattern on Chart.
2. BO @ 112
Buy @CMP for tgt of 115-118-121-125-130-138
SL 105
It is just a view, pls trade at your own risk.
TATA STEEL - DAY CHART - 16.08.2022 - BAHAVAN CAPITALTATA STEEL Daily Chart Analyis
Above 113.60 Target 120
Happy Independence Day to all....
Happy Profitable Trading to all...
Tata Steel - Inverse Head and Shoulders Breakout PossibilityTATA Steel :
Inverse Head and Shoulders Breakout Possibility (though not perfect)
Stay long with support at 107
Tata steel Tata steel looks good till upper trendline.
As it has formed IHNS so it will give that target also it is forming bullish flag pattern on daily chart. So looks a good bet for long term.
Will prefer adding in all dips. Sl below trendline.
Views personal.
I Can go wrong.
Not a trading recommendation.
DYOR
