TATA STEEL may get weakTATA STEEL formed rising wedge pattern, It might get weak for a short term for some retracement if it break-down the wedge.
TTSTE trade ideas
Tata steel to take long entryTata Steel to take long entry. All important levels are marked on the charts. RSI forms positive divergences. Also stock is forming higher highs & lower lows. Good buying candidate. This is for your educational purpose only.
Tata Steel 1dtfLook like upside opportunity if price sustains above 1300, then move to targets of 1360,1420,1480,1518
All the targets move as closes above targets may possible...
Divergence...@tatasteelMay see some correction from here... Good to add at marked level for next upmove stoploss 1069...
TATASTEEL-> Symmetrical Triangle Pattern Breakout.
-> Price at retest of trendline.
-> RSI Indicating Bullish Hidden Divergence. (Trend Continuation)
TATASTEEL HEADED FOR A BIG BREAKOUT BREAKOUT TO TRADE:
Nifty Metal Sector has gave weekly closing above 61.8% Fib Retracement which means Metal Sector is now officially in Bullish Trend.
Our Long Term Pick is TATA STEEL
REASON :
1. Symmetrical Triangle!
2.Metal Sector Staring at a Breakout!
3. Removal of weak hands done last week.
TARGET : 1500+
SL IS WEEKLY CLOSING BELOW 595
Break Out Trade in Tata Steel Ltd.Date : 9-Feb-2022
Rating: Buy Above 1245 on closing basis.
LTP : Rs. 1219.60 on 8-Feb.
Target: Rs. 1375-->1480-->1535
SL : Follow the trailing SL indicated by the moving averages on closing price basis.
Tata Steel Ltd. is about to break out from the current primary down trend as well as its earlier resistance level of 1245. Volume has increase since last few days to support the same. EMA, MACD and RSI are giving very bullish signals. 7D EMA has already crossed 13D and 26D EMA. RSI is in buy zone and has given a positive divergence. MCAD has already crossed over to buy zone.
Disclaimer: Investing in stock market is risky. One should do a self analysis and validation before investing in stock market.
TATASTEEL Parallel channelNSE:TATASTEEL
#NSE:TATASTEEL formed parallel channel, BO may give good momentum.
Levels marked on chart for practice.
Happy LEarning !!
TATASTEEL Supply zoneTATASTEEL approaching the previous supply zone... attempting to break it... can give quick move to 1420-1450.
TATA STEEL LONG Potential BO candidate C&H, trendline BOTata steel looks good on daily chart with a potential Break out candidate. It has formed a C&H pattern on daily chart & also breaking the trend line & the previous high trend line. Volume has been good over past few days. The RSI is in 60+ zone so the stock has good momentum with Strength. Keep an eye on the counter, can give some good returns in short term.
Discl; Chart of reduction purpose only, not a reco to buy or sell. Trade as per your own research
Tata Steel - Metal is real Gold. Tata Steel - Metal is real Gold for next 1 year timeframe.
Entry zone - 1200-1230
Stop Loss - 1055
Target 1650-2500+
Disclosure - Do R&D before taking any trade.
TATASTEEL LONG swingCan go long on TATASTEEL with tar1=1358 and tar2=1400, trailing SL as per convenience.
Disclaimer: Educational purposes.. trade at your own risk
TATA STEELNSE:TATASTEEL is a very good fundamental stock.
as of now the war is running on, the best sectors to invest for long term is steel
in daily time frame the stock is showing very strong support from the level of 1063 levels
on can add this stock for long term gains in their portfolio
Taget 2306Corrective pattern (ABC) finished at 1900(B leg). So next bullish pattern as per Elliott wave. My first leg Target 2300
Tata Steel (Update)NSE:TATASTEEL
Hi Everyone
This is an continuation update of our previous forecast. If anyone has any query feel free to ask me.
Thank You
Wave Forecast
TATA Steel Short trade setup- MarchEducational purpose only: herein TATA steel has marking Expanding Triangular pattern at wave ((B)) position.
It was a very rare scenario . Only 5% possibility for this type of correction. And same time wave ((B)) Retracement has been completed 50 % of a wave ((A)) with Expanding Triangular.. here Metal index formed FLAT correction.. this on of the main confirmation. Why I am saying this TATA stell main contributor to Metal index.
* Fib proportion 50% of wave A
* Second confirmation Metal index flat correction beginning.
* Clear pattern.
* Quality of the wave formation. Perfectly identical pattern.
* It right time to short trade.
*Support level 920-880.
Now we target to wave ((C)).
TATASTEELAfter downtrend from aug 21 to nov21 stock traded in range or accumulation phase 1060 to 1250 now stock has given breakout from its major resistance zone of 1250 to 1350. Buy above 1350, TGT 1500 ++, SL closing below 1300. For educational purpose only. Kindly contact your financial advisor before entering any trade.
TATA STEELEquity name - Tata Steel
Below scenarios might be possible
Buy above 1370-75 target 1480 & 1533
DISCLAIMER - DO YOUR OWN ANALYSIS AND WATCH MY PREVIOUS ANALYSIS
Tata Steel Ichimoku Bullish Breakout Stock Name - Tata Steel. As per the ichimoiku rule, today's close is above the Conversion Line and future kumo
is super bullish and chikou span is slanting upwards. All these parameters are showing the further strength &
More strength will be visible once it will cross 1375. Worth to keep in watch list for coming days
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
# Rule Based Investing
# Ichimoku Cloud
# Ichimoku Followers
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#TATASTEEL . Breakout on daily TimeframeSteel stocks are on fire along with other commodity related stocks
Will the break out sustain
TATASTEEL breakout, shall buy for short term.TATASTEEL breakout, shall buy for short term.
IT will reach all time high in short term.
Tata steel has to take out the resistance.Resistance shown in the chart to touch target 1 and 2.
the recent correction was a flat correction.
It appears it is emerging out of the correction.
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tata steel tata steel in bullish move new target 1500 :) and above we can also trade intraday on same move
