TATASTEEL for 45% (approx..) Potential GainTata steel is showing retest breakout... according to some theories RETEST STOCKS ARE THE BEST STOCKS...
All data is available in public domain..
CMP : 160
TG : 215
SL : 142
Stock's selection based on 5 Point Analysis:
1: Idea : Retest Breakout.
2: Support : Volume, Delivery & VWAP.
3: Technical : 9/21/55/200-EMA, RS>0, MACD, RSI & Super trend up.
4: Fundamental : PE, PAT, Industry & peer PE and sector performance.
5: Timing : Entry Timing on day chart.
Disclaimer : It is my personal view as a trader and for educational purpose only. Equity market involves risk .
Please consult your financial adviser before taking any decision.
Disclosure : going to Hold
HWHG trade ideas
Tatasteel Long Term AnalysisTrendline Breakout: Tata Steel has recently broken out of its trendline.
Current Position: The stock is currently sitting at a key support zone.
Potential Reversal: It's crucial to wait for a solid bounce from this support level to confirm a reversal.
Alternative Trendline: There is another potential trendline below the current support where the stock may also bounce if the current level does not hold.
Fundamental Analysis of Tata Steel
Market Presence: Tata Steel has a robust presence in both domestic and international markets.
Product Portfolio: The company boasts a well-diversified product portfolio, enhancing its market position.
Steel Demand: Recent performance has benefited from increasing global steel demand.
Input Costs: Rising input costs, particularly for coal and iron ore, could pose challenges to profitability.
Financial Considerations:
Debt Levels: The company has significant debt levels that need to be monitored.
Capital Expenditure: Ongoing capital expenditures are being strategically managed through expansions and operational efficiencies.
Investment Strategy
Confirmation Needed: Waiting for confirmation of a technical bounce is essential.
Monitor Fundamentals: Keeping an eye on fundamental factors will be prudent before making any trade decisions.
TATA STEEL - When Waves are Messi don't try to be a GOAT. Tata Steel is in this Upward sloping Channel since June 2022 all the rise looks messy means all pullbacks have over lapped with previous rise so instead of forcing Elliott Wave we will try to study it with simple technical approach.
We have drawn a trendline connecting lows which has held 4 times & which was also 50 Week Moving Average so buyers are happy to go long at 50 WMA & this trend line support.
Supply comes from parallel channel of this trendline so looking at his chart risk reward looks attractive for buyers as of now.
Weekly close below 147 will be sign of bulls losing control as of now longs looks good for short term to medium term view.
I find people marking everything as impulsive or corrective but when you cannot spot a clear wave structure better to avoid the stock if its low volume or KISS (Keep It Simple Stupid) strategy works best.
TATA steel Long term analysisTata Steel has shown a significant technical breakout, successfully crossing a strong resistance level. The stock has already made an impressive 7% move, indicating strong momentum.
While the current price action suggests potential for further upside, with a possible target of 184, investors should consider their time horizons:
Long-term perspective:
Entry at current levels could be justified for those with a long-term investment horizon.
The breakout and strong momentum support a bullish long-term outlook.
Short-term trading opportunity:
For short-term traders, an entry at current levels could be considered.
A prudent stop-loss could be placed at 162 to manage risk.
This allows for participating in potential further upside while protecting against unexpected reversals.
As always, traders and investors should conduct their own due diligence and consider their risk tolerance before making any investment decisions. Market conditions can change rapidly, and past performance doesn't guarantee future results.
Tata Steel - bullish momentum going on!!!Hello 👋
* Stock is in uptrend.
* Price is steadily going upside with the support of trend line.
* Currently price in channel.. atleast upside trend line can be coming target
* Rounding bottom breakout & retest done..with again strong upside move
* Volume increasing since few weeks.
* Momentum inclined
* Stock is in strong hands= Mutual funds+ FII holding
* Latest news of 1.25 billion investment related to greener steelmaking ...gear up strong Move for stock
* Coming target of 172 - 180, can be broken ATH.
* Price & rsi having opposite diversion
It's my view plz DYOA. No buy or sell recommendation 🙏
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Buy Tata steel round bottom breakout retest completeNSE:TATASTEEL Round bottom breakout strategy
Retest complete after round bottom breakout
Weekly chart
Big green candle formed at retest level
Volume rising
Stock is in uptrend
Do as directed in the chart
This is not the trading recommendation or advise 🚨
Do your analysis before taking any step 👍
Tata Steel Swing Idea (Long)Tata steel might give breakout due to following technical reason's:
1. Double bottom formation
2. Trading above 200 & 20 EMA's
3. Symmetrical Triangle formation
4. Swing Low's are not broken
5. On Monthly pin bar formation, weekly double
pin bar break out on progress
(Note: Author not responsible for anyone profit or loss, nor a sebi registered RA, this only for educational purpose. Please do your own due diligence before taking any trades.)
TATASTEEL Support & Resistance
#TATASTEEL
Current Price: The current price is 166.55, showing a recent uptrend. Support Levels:
Around 145-150: This area served as a key support level in recent months. Around *160: Prior support and resistance levels clustered around this zone. Resistance Levels:
*170: The stock faced resistance here before declining in previous rallies. *175-180: A major resistance zone, based on previous peaks (March, June). Buy Entry: Consider entering between 160-165 if there is a pullback to this level. This zone aligns with prior support, and buying on dips is safer if the uptrend holds.
Sell (Profit-Taking): First Target: 170-175: The stock may face resistance around this level. It is ideal for taking partial profits.
Second Target: *180: If the stock breaks the *175 resistance, *180 could be a solid second target.
Stop-Loss: Place a stop-loss around €150-155, below the recent low, to protect against downside risks.
Hold Decision: If the stock maintains above €170 with increasing volume, it might be worth holding for a further breakout beyond 180 for extended gains.
TATA STEEL 1HRINTRADAY TRADE
- EARN WITH ME DAILY 10K-20K –
TATA STEEL Looking good for Downside..
When it break level 166.57 and sustain.. it will go Downside...
SELL @ 166.57
Target
1st 165.74
2nd 164.72
FNO
TATA STEEL OCT FUT – LOT 5 (Qty-27500)
TATA STEEL OCT 172.5 PE – LOT 1 (Qty-5500) – PRICE (8.15)
Enjoy trading traders.. Keep add this STOCK in your watch list..
Big Investor are welcome..
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Tata Steel Ltd - Breakout OpportunityDate : 26-Sep-2024
LTP : Rs. 165.61
Resistance Levels: (R1) Rs. 184 --> (R2) Rs. 210
Support Levels : (S1) Rs. 147 --> (S2) Rs. 142
Technical View:
• NSE:TATASTEEL is in strong primary uptrend and was recently going through it's secondary downtrend within primary uptrend.
• After touching the high of 184.60 on 18-Jun-2024, it has retraced 23% to 142.35 level.
• NSE:TATASTEEL has breakout from it's secondary downtrend with higher than average volume. Breakout is also supported by increased volume in last few sessions.
• NSE:TATASTEEL is trading above both 20 DMA and 50 DMA since last few sessions.
• RSI is trading at 70.29. MACD is trading at 1.38. Both MACD and RSI are showing positive divergence.
• Looking good to start a new swing from here.
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Disclaimer: I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market. My ideas are published for learning purpose only and are available to everyone at no cost/charge.
Breakout from Ascending Triangle Pattern + Strong Reversal
Tata Steel is currently trading above a long-term ascending triangle pattern, which indicates strong bullish momentum. The stock has successfully bounced from the trendline support and is now approaching key resistance levels around ₹170. A decisive break above this resistance could lead to a strong upward rally, targeting ₹200 and above in the short to medium term. The RSI is trending upwards, suggesting positive momentum. Traders should watch for a breakout confirmation with increased volume to validate the bullish move.
Tata Steel for 25% gainDate: 24 Sept’24
Stock: Tata Steel
Timeframe: Daily
Tata Steel seems to be in Wave V of 5 which has a likely target of around 200 (25% from current price of 160) as seen in the chart. Volume is high and RSI is strong. Even if this price is achieved in next 3 to 6 months, it is a safe bet.
This is not a trade recommendation. Please do your own analysis.
Bouncing from a crucial accumulation zone with volumes.NSE:TATASTEEL Bouncing from a crucial accumulation zone with significant volumes.
147-157 Will be the Key accumulation zone, with an upside of 168 to 185 Zones.
The Metals Sector is in Favour With FED Rate Cuts and China Rate Cuts. Keep a Watch.
Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
Tata Steel Bull Call Spread !!! Amazing opportunityTata Steel after taking support on 50 DEMA has resumed its upward trajectory. Chinese central banks have decided to ease monetary policy by 50 basis points following the feds but fundamentally to support growth as economy has been slowing down. This is good news for global commodity markets because slow Chinese economy dumps commodity in the global market. Tata steel is likely to benefit with its recent capacity expansion. Price action supports this theory. One might position to benefit by employing bull call option strategy.
TATASTEEL SUPPORT & RESISTANCE For Tata Steel (TATASTEEL), the key support and resistance levels are as follows:
Support Levels: ₹119.25, ₹119.011
Resistance Levels: ₹120.9, ₹121.521
These levels can help you identify potential entry and exit points for your trades.
Short-term traders can look for sell opportunities around the immediate support level of ₹ or the support level of ₹ .
Medium-term traders can consider long positions around the resistance level of ₹ or the resistance level of ₹ .
Long-term traders can look for buying opportunities around the support level of ₹ or the support level of ₹ .