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Tata Steel Ltd GDRTata Steel Ltd GDRTata Steel Ltd GDR

Tata Steel Ltd GDR

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TTSTE trade ideas

Tata steel — more downside than upsideMorgan Stanley published target of 95 Spot price for Tata steel earlier today. Looking at poor state of Nifty (under 18000), and sharp increase in Tata steel price, we see more downside than there is upside, in Tata steel. Also, Tata steel has rallied from 85 to 115+ already. Increase in iron ore price means REDUCED margins for Tata steel, not increase in their margins or price. Tata steel can be sold into, if you see price rise; given that nifty is under 18000.
NSE:TATASTEELShort
by SwingGun
Tata Steel: Technical Analysis at it's very best...!!! 🙂🙂I have been trading Tata Steel since October 2022 and In the month of November this is what was posted for Tata Steel The stock was trading at 104.75 - Target given was 113 / 118 / 122 - also had suggested the importance of Green Line acting as support ( Click on the above chart for detailed analysis of November 2022) _______________________________________________________________________________________________ You can see now that Tata Steel has respected the levels identified with the help of Technical Analysis to perfection - green line provided the support - yellow zone acted as resistance for a good time - once above that, today it has given a big breakout trading 6% up for the day at 119.45 _______________________________________________________________________________________________ Our expectation was Tata Steel to hit our targets around mid December. It has achieved it in 1st week of January 2023. Not bad I guess.... In this difficult market, the idea has provided a nice 15% profit in little less than 2 months. Fixed Deposits will take 2 years to give that kind of returns. What more do you want from Technical Analysis. I sincerely hope the idea has helped you guys. If bought earlier, consider to book partial profits and Trail SL to 116. Book full profits as we get closer to red Line of Resistance. Let me know if you find the analysis and insights helpful. Do hit the Like button (itna haq toh banta hai 🙂) and Follow for more ideas like these...!!! Take care & happy trading...!!! Disclaimer - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - I have been wrong in the past and can be wrong again in future too - Use this for educational purpose - Any decision you take, you need to take responsibility for the same - It's your hard earned money. Treat it wisely - Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance - if trading in F&O, understand that F&O trading involves risk - Do take proper risk management measures - Do your own analysis and consult your financial adviser if need be
NSE:TATASTEEL
by indiamarketoutlook
Tata Steel: Showing signs of strengthTata Steel In my previous take I had suggested a Call short position given the set up at that time being bearish. That strategy played out well... Now the stock is at same level, however, In the current set up, - the stock is trading above 21 day EMA and 63 day EMA - the stock has tested the time and so far is managing to stay above the May 2022 low The stock is showing signs of strength. - Once above 252 day EMA which is currently around 107, the stock can potentially move towards 113 / 118 / 122 (Time looks ripe for the stock to retest the red line of Resistance Pattern gets invalidated if closing below the green line on weekly closing basis or for 3 consecutive days. Take care & safe trading..!!! Disclaimer - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - Use this for educational purpose - Any decision you take, you need to take responsibility for the same - It's your hard earned money. Treat it wisely - Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance - if trading in F&O, understand that F&O trading involves risk - Do take proper risk management measures - Do your own analysis and consult your financial adviser if need be
NSE:TATASTEELLong
by indiamarketoutlook
Tata Steel detailed analysisTata Steel is respecting the daily trend line with breaking it once in the recent market fall, so far the bullish momentum shows that it could be a bear trap. It is currently testing the daily TF supply zone from where the latest fall began. On the hourly tata steel has given a break of a downward sloping trend line hence breaking resistance & showing bullishness. I will be a confirmed bull once it gives a BOS which is above 112(on closing basis), if it just wicks it then it could just be a SL hunt to take out the sellers who had shorted the recent down move. Once 112 breaks convincingly then we can use the buy on dips strategy to stack up bullish positions for a test of 115 & 120.
NSE:TATASTEEL
by BharatAsani