AB=CD PATTERN REVERSAL IN TATA STEELHarmonic reversal pattern formed in tata steel. After touching the entry line, let's wait for one 30 min candle close above. This is for educational purposes only.
TTSTE trade ideas
VIEW ON TATA STEELStock seems to be weak
Continously forming red candles
Stock below 200 days EMA
Target 142
Stop loss 154
I am just representing my views
For educational purpose only.
Tata Steel (Educational Idea)Tata Steel in time correction
Will pass the time in between range of 150 - 176...
Swing traders can grab the swing between these levels..
Long termers can add this gem from current levels..
Price action::
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Looks like Head & shoulders pattern
Multiple shoulders on the left side..
Now right side shoulder formation in cards ....
Testing these support 158 make this levels very weak and if it breaks this levels may lead to fall of another 10 to 15 pts ...
But my strong feeling stock will not fall below 140
The uptrend has resumedTata Steel CMP 164
This is a shorter time frame chart. See how technically the stock is all set to sizzle. The outcome of the result is immaterial ,it is all factored in.
TATA STEEL LOOKS BULLISH ON THE CHART FOR THE TARGET OF 119As 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, Buy it around CMP(107.50).
The target of 114 and further to 119 levels in the coming days.
Support and stop loss below 104 levels on a closing basis.
Bullish on tata steelBullish on metal sector..risk reward is higher...
PRice at support level and once it sustains and closes above 50sma we can see good up movement.
Delivery percentage is increasing
Tatasteel ready to launchTatasteel (TATASTEEL) is at weekly support. The hammer candle on weekly supports shows a good positive sign to go long.
Disclaimer: Not a sebi registered... This is for educational purpose only.
TATA STEEL TAKING A DIP TO ITS DEMAND ZONEDetailed Analysis of Tata Steel Chart
Sector: Steel
Signal: BUY
Logic below:
TECHNICAL VIEW
- The price is currently above all the key moving averages, which typically indicates an uptrend. However, it is worth noting that the price is very close to the 50-day EMA, which can act as a dynamic support level.
Volume: 40.165M | Average Volume: 26.832M
The recent trading volume is significantly higher than the average volume, indicating increased investor activity. The presence of large red volume bars suggests higher selling pressure recently.
Relative Strength Index (RSI): 44.37
The RSI is below the neutral 50 level but above the oversold threshold of 30, suggesting that the stock is neither overbought nor oversold but is leaning towards a potential buying opportunity if it dips further.
Moving Average Convergence Divergence (MACD)
- MACD Line: 0.71
- Signal Line: 0.65
- Histogram: 0.08
The MACD is positive, but the histogram shows diminishing momentum. This could indicate a potential bearish crossover if the MACD line crosses below the signal line.
Key Levels
Support Levels
1. Immediate Support: ₹171.53 (50-day EMA)
2. Next Support: ₹170-168.80 (highlighted zone)
3. Strong Support: ₹150.69 (100-day EMA)
Resistance Levels
1. Next Resistance: ₹177.25
2. Strong Resistance: ₹183 (supply zone)
Buy Recommendation
Based on the current technical setup, buying Tata Steel near the current price level of ₹171.80 can be considered if it holds above the 50-day EMA of ₹171.53. The RSI and MACD suggest some caution is warranted, so a slightly lower entry point could be more favourable.
Suggested Buy Level
Buy Level: ₹170 - ₹168.75 (ensure the price holds above the 21 EMA)
Stop Loss (SL)
Stop Loss: ₹166 (just below the highlighted support zone)
Target Levels
1. Target 1: ₹177.25
2. Target 2: ₹183
3. Target 3: ₹195 (Fibonacci level)
Conclusion
Tata Steel is currently near a critical support level around its 50-day EMA. If the price holds above this level, it could provide a good buying opportunity with a favourable risk-reward ratio. Monitoring the volume, RSI, and MACD for any further bearish signals is crucial before entering a trade.
Summary
Buy Level: ₹170 - ₹168.75
Stop Loss: ₹166
Target Levels: ₹177.25, ₹183, ₹195
Tatasteel Bullish flag pattern breakoutTatasteel has good bulish flag pattern breakout. Above 133-135 closing can give good upside in the future. It should sustain or retest the flag top levels.
Tata Steel 162 Holding from 109 when its starting making HH and HL
Its on Retest you can look into it.
I am not SEBI registered
Tata steel long time buy158-160 Best Buy for long term, the support zone acting very well.
Volume is enormous, this indicates a upward trend move.
TATA STEEL: Technical and Fundamental BUYFundamental: Steel going through down cycle/margin improvement expected in 1QFY25
Analyst pricing the stock between 170 - 180
Technical: Stock at 9-month support line / RSI closed at 29, lowest in comps
I believe it's a low-risk pick as the entire industry trending similarly and can expect a return of 16% - 20% with a price tgt @180 - 200
beauty of trendlinesTata Steel CMP 157.50
the trendline drawn from 2001 lows has nailed every bottom till date in this stock. This yet another example for Geometry in the mkts. One needs to know which two points to take. Every other trendline on this chart is worth being studied closely.
Bottom Fishing - TATASTEEL📊 Script: TATASTEEL
📊 Sector: Steel
📊 Industry: Steel - Large
Key highlights: 💡⚡
📈 Right now RSI is trading at 32 stock came out of oversold zone, one can go for Bottom Fishing.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 160
🟢 Target 🎯🏆 - 174
⚠️ Stoploss ☠️🚫 - 151
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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Happy learning with trading. Cheers!🥂
Tata steel looks good for buy Tata steels looks good for buy .
Entry 158-60.
Stoploss 155.80.
1st target 169-70.
2nd target 184
Safe traders can wait for weekly candlestick also bullish .. currently weekly candlestick is bearish .if break 156 level then next support an buy opportunity bis 146 rs .
TATA Steel LtdImportant points are marked in the chart.
*Do own research before investing in Equity market.
Tata steel long term entry Tata steel long term entry and SL given in chart... this i am going to hold for long term ... please share ur views
Stocks in Demand Zone: Tata SteelTata steel is trading in the strong demand zone of 159 levels.
Can enter for a short-term target of at least 15% (170 levels)
Tata Steel - Trend line breakoutTrendline Breakout
At support area
Metal sector rising
Risk to reward favorable
tata steel ascending trianglecup with handle formation
double bottom formation
ascending triangle and going reach upside trend line
going to break trendline and previous resistance.
TATA STEEL CUP AND HANDLE / POLE AND FLAG TATA Steel cup and handle pattern is going to form
the handle is formation is going now
hope pivot R1 154 may act good support
This analysis is my own idea.
I don't recommend taking trade based on this idea.
Know the market risk before trade.
Long Term Tata Steel Chart Long Term Tata Steel Chart as per fibonacci analysis,
as per time cycle steel sector can boom,
rest market is supreme
Beautiful Price Action in TataSteel If you love price action, then you should definitely check out TataSteel as in past few years its has been a traders dream. TataSteel is poised for stunning gains in 2024-2025 and you can expect a decent rally of another 5% leading upto the upcoming budget on 23rd of July. Recent correction may give an opportunity of make a decent entry at about 172 Rs a piece.
