TATASTEEL on Breakout. recommended BUY above 111.3TATASTEEL on Breakout and with good volume . recommended BUY above 111.3 tomorrow (Friday 2nd December)
TTSTE trade ideas
Tata Steel Ltd.Tata Steel Ltd.
ABOUT
Tata Steel Ltd is Asia's first integrated private steel company set up in 1907. The company has a presence across the entire value chain of steel manufacturing from mining and processing iron ore and coal to producing and distributing finished products. The company has a target to increase domestic steelmaking capacity to 30 MnTPA by 2025.
Product Portfolio
Special Steel: It is used for high-end and critical applications such as forging, bearings, fasteners, springs, etc. which are used primarily by the Automotive sector but also in other areas such as construction, capital goods, etc.
Sponge Iron/DRI (Direct Reduced Iron): It is highly commoditized in nature and used as a raw material (Substitute/in addition to Steel scrap) in electric arc furnaces or induction furnaces.
Market Position
The Co has increased its market share in the Alloy Wire Rod business to 20% in FY21 vs 12% in FY20, supported by an increased share in the 2Ws segment. In the automotive segment, the domestic market share of the Co grew to 15% in FY21 vs 12% in FY20 supported by a leadership position in CV with a 38% market share.
Production Volume
In FY22, the company produced ~839,000 tonnes of Direct reduced Iron (DRI), ~684,000 tonnes of Crude Steel, and ~672,000 tonnes of rolled products.
Geographical Split
India: 92% in FY22 vs 91% in FY20
Outside India: 8% in FY22 vs 9% in FY20
Manufacturing Capabilities
The company owns and operates a steel plant in Jamshedpur (Jharkhand) and a sponge Iron Plant in Keonjhar (Odisha).
Its capabilities include:-
Crude steel capacity: 1 MnTPA
DRI: 1 MnTPA
Iron ore mines: 2.5 MnTPA ROM
Captive Power capacity: 160 MW
TECHNICAL ANALYSIS.
Time Frame - 1D.
1. Good traded and delivered volume.
2. Increase in FUT. OI.
3. Highest OI in a call at 110 strike price.
FUNDAMENTAL ANALYSIS.
Sector: Steel.
1. Market Cap - ₹ 135,197 Cr.
2. Stock P/E - 4.71
3. Price to book value - 1.26
4. Debt to equity - 0.81
5. Free Cash Flow - ₹ 34,428 Cr.
DISCLAIMER - All analyses are for educational purposes. it is not trading or investment advice.
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Tata Steel- Symmetrical Triangle PatternNSE:TATASTEEL 110
1. Breakout in Symmetrical Triangle Pattern
2. Last 3 Candlesticks strong with bullish formation
3. Support near 105-102 level (Swing Low)
4. Resistance near 115-130 levels (115 level formed by Symmetrical Triangle)
5. Support near 100 level (Swing Low)
#TechnicalAnalysiswithMrChartist
TATASTEEL GOING TO MARS ?TATASTEEL is been consolidating in a symmetrical triangle pattern for last 6 months now it was successfully broked . get on the ride with sl of 100 only and target of 125/150/240++
BULLISH SWING TRADE IN TATA STEEL1. Bounce from trend line
2. Bounce from support zone
3. Bounce from 200 EMA
4. Short term trend line breakout
Target and SL are shown on chart
TATASTEELTATASTEEL looks good on chart to go long confirming the inverted HnS pattern.
I missed to share this opportunity at 100 price at .50 fibo level and 40level RSI support, which was a good chance to enter.
But if you are a risk taker and still want to enter, then you can keep your target to the next trendline as drawn.
(I might soon exit from my open swing position, so please do your research and then only enter. This is purely for educational purpose only)
Heading towards 120As per the trend lines, Tata Steel is heading towards 120.
Waiting for golden crossover.
Volume is seen increasing too.
TatasteelAlways follow Risk and Position Management❇️❇️
For more information like this follow me in Tradingview @Jagadeesh11616125
Happy trading
TATA STEELNSE:TATASTEEL has formed good base. Once breaks above 109
Can give good Bullish momentum. Expecting a Rally.
Tata Steel – Predicted Intraday High Low Range for todayTata Steel– Predicted Intraday High Low Level for today.
Today Tata Steel will trade in between the marked zones. Look to BUY at Green zone and SELL at Red zone.. Any breakout either side we can expect strong move towards the breakout side.
Along with these levels we should also confirm our entry with Price action.
TATA STEEL --INTRADAY SETUP --28-11-2022TATA STEEL - HOURLY CHART --INTRADAY SETUP -28/11/2022
1. tata steel hourly chart seen trading at lower channel
2. last hourly candle seen breakout on lower channel at above 105 level
3.RSI seen abobe WMA and above 60 level now bullish for short term
4. one can initiate BUY on intraday at 106 for target 108-109-110 and stop loss 103 level
5. intraday support 103.75 , 105 and resistance 107.50, 110 as mention on chart
THIS IDEA IS FOR EDUCATIONAL PURPOSE ..trade at own risk..
Comments and suggetions are welcome .!!
HAPPY TRADING . !!
LongChart pattern clearly shows breakout and retest
On daily chart we can go upto 109 ,113 current targets 100 can be ur sl . Long term also it's good rest make your own decision
Short Tata Steel to get target of 94-95on 4 hour time frame it indicate bearish hold as it already broken previous support now wait for the target to achieve between 94-95.
TATASTEEL this weekTATASTEEL is in resistance but after a retest on a support level this stcok will show a bullish move but at present this stock is in a bearish zone ...
#TATASTEELTATASTEEL ready for a fresh move
In Q1 RRG
No Overlap shows bullish structure
105.25 should not be crossed
Tata Steel : Good Break out available at Very Low price.Market Cap is ₹ 131,351 Cr
ROCE - 31.6 %
ROE - 42.6 %
Debt - ₹ 87,516 Cr
Reserves - ₹ 106,277 Cr.
Profit after tax - ₹ 28,727 Cr.
PROS
Stock is providing a good dividend yield of 4.74%.
Company has delivered good profit growth of 76.8% CAGR over last 5 years
Company has been maintaining a healthy dividend payout of 43.0%
CONS
Contingent liabilities of Rs.40,505 Cr.
Company might be capitalizing the interest cost
TATA STEEL LTDTATA STEEL LTD:- As we will see in the above chart, after a long consolidation the stock has now broken the range and given an upside-bullish continuation pattern.
Now we are expecting an upside rally to continue in Tata Steel
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning
TATA STEEL SHORT TO MID TERM SWING#TATA STEEL given breakout in day time frame, making harmonic bat patter, taking support from dynamic trendline & also making lower high on weekly time frame.
Buy around 103 TO 104
TGT 112, 118, 122
Stoploss 100 on day closing basis.
Disclaimer :
I am not sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
Tata steel ...... going towards wave 3 ???Explained on charts .......
This is just my view .... trade according to your own risk management
Tata Steel Correction Done. Headed NorthTata Steel is done with intermedaite correction in forma of ABC and wave 4 is place now.
TATASTEEL - Swing Trade - Symmetrical Triangle PatternThe analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
