TATASTEEL FOR SHORTINGTATASTEEL was make shooting star candle in day tf, and in 15min tf double top pattern create...
TTSTE trade ideas
TATASTEEL may cone down further.it appears recent bounce from February low to high in April was corrective
in nature. and it ended in the area of 4 th wave of A wave and with an ending Diogonal
which seems to be c wave of wave B. B wave forming expanding triangle in the initial stage.
Tata steel may go down further and below A wave.
The above study will be invalidated once it crosses above April high which does not seems to be.
Let us see and watch.
This is not a trading recommendation but I have decided to go short in Tata steel.
Please go through my recent post of nifty and bank nifty.
TATASTEEL LongLets wait and see if NSE:TATASTEEL can give an inverted Head and Shoulders Pattern breakout with rising RSI, price staying above 200 DMA and Bullish MACD crossover and line crosses above the zero line.
Buy when Day close Above with Volume: 1275
SL: 1150
Target: 1400
Disclaimer: For learning purpose only. I am not a SEBI registered analyst and not responsible for your profit or loss. Please consult your financial advisor before trading.
TATASTEEL ShortCould possibly move down , levels plotted on chart
Disclaimer:
The content of the idea and the interpretation of data are solely my personal views which being said I do not warrant its completeness or accuracy.
This idea published is purely intended for educational and informative purposes, I urge traders to make their own trading decisions based on their specific trading objectives and financial position
h&s pattern in tata steelIn this chart , it looks like a head and shoulder pattern formed on daily time frame.
So there is chances this stock will fall.
This is just an educational purpose.
#Tatasteel cash : Good sell around 1285-1290#Tatasteel cash -Positional call
24-April 2022
Looks good sell around 1285-1290
Stoploss 1305
Target 1240/1210
Cmp 1277.55
Tata Steel Ascending Triangle (Long)Price has been trading in the range forming an ascending triangle . The price has been squeezed & there is also a gap between two ranges . Short Term Long .
Tata Steel Breaking Out !!📈 Tata Steel 📉
Tata Steel is breaking out of trend line after testing multiple supports at lower levels. Possible targets of 1410 & 1500 will be possible.
All Important Supports and Resistances are drawn in chart. All levels are on closing basis.
Please have a look and revert back if you need some more study on it.
Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
TATA STEEL 1HR Currently visible bearish head and shoulder on tata steel so if tomorrow price will open gap down or flat then short selling opportunity
Possible Reversal From SupportCurrently it is at the support level and trying to take reversal from there.
Buy between 1300-1310
Target - 1360
Target price is less. But, it should reach that price quickly.
WILL START MELT AGAIN!!Explained on the chart. 2nd B wave finished in the form of ending diagonal. Today broke the TL. Can be shorted with proper risk management. DISCLAIMER:-Views r personal. Do due diligence before jumping in the trade. NOTE:-Was negative on the stock since 1st I-LAND reversal.Posted also(link given). Heard about commodity supercycle etc etc. These talks r all TAN to me. Give only what charts tell me. BEST OF LUCK.
Wave Theory Applied I have applied Logical Method in identifying the Patterns and Placed a Measured Move Forecast on Wave C completion
Trade with your own Method
Good luck
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.
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 !!
