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 .
TTSTE trade ideas
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 !!
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
