TTSTE trade ideas
TATA steel wave Correction EndEducational purpose only: Trading with your own risk. TATA steel wave (5) of a wave Y correction will be end soon.Take long position for a months.
3 support level mentioned in a chart . Charting mentioned levels are very prominent levels for perfect Retracement.
Tata Steel at 9 Months support level with H and S formationObservations:
1. Currently at a strong support level. Previously support taken at this level 4 times in the past 9 months.
2. Additionally support is also given by 55MA coinciding with the 9M support level
3. Inverted H&S is formed with 9 months span
4. Falling wedge with lower low formation with 7 months span
5. Current support level is also a Fibonacci level of 0.618 in the swing from Mar 2020 - Aug 2021.
6. There were reversal sign at this support level with a formation of doji candle, but this time a strong bearish candle is formed.
The current level being a very strong support level should help for reversal. As there is an indication of weakness, if the current level is broken strongly supported with an global event, major downside can be expected.
TATA STEEL - TRADING BETWEEN SUPPORT AND RESISTANCEAs you can see TATASTEEL has been trading between Support (green line)@ 1235 and Resistance (Red line) @ 1163
Reasons to go long:
1. Bounce off support
2. Broken downward sloping trendline with a bullish candle
3. RSI on 4 hr is oversold
Stop- 1 ATR below green line (support)
Target- Red line (resistance)
Beware of volatility going into Budget.
Happy trading
Elliot Wave View: NSE TATASTEEL (Short)NSE:TATASTEEL
January 27, 2022 NSE:TATASTEEL by Dinesh Naidu (Elliotician)
Hello Traders, In this technical analysis blog im going to take a quick look at the Elliot Wave Charts of TATASTEEL Cash NSE.
TATASTEEL Pulling Back in Wave (c), Looking for more downside
Short Term Elliot wave view in (TISCO) suggests rally to 1245, ended wave c of (iv) on January 17, 2022 high. wave (c) pullback is currently in progress with subdivison as a 5 waves towards downside.
Next Key support is at 1020.85 to 983 odd levels.
Formerly known as Tata Iron and Steel Company Limited (TISCO), Tata Steel is among the top steel producing companies in the world with an annual crude steel capacity of 34 million tonnes per annum. It is one of the world's most geographically-diversified steel producers, with operations and commercial presence across the world. The group (excluding SEA operations) recorded a consolidated turnover of US$19.7 billion in the financial year ending 31 March 2020. It is the second largest steel company in India (measured by domestic production) with an annual capacity of 13 million tonnes after Steel Authority of India Ltd. (SAIL).
Disclaimer: The investments discussed or recommended in the market analysis, research reports, etc. may not be suitable for all investors. Investors must make their own investment decisions based on their specific investment objectives and financial position and only after consulting such independent advisors as may be necessary.
Tata steel for shortNSE:TATASTEEL
if forms any W or bullish pattern then go long or short
Note: I'm not Sebi registered guy, it's for education purpose only.
Please contact your advisor before taking a trade.
Head and shoulder breakdown - Tata SteelClassical and beautiful example of head and shoulder
Target 770
Stoploss 1225
TataSteel - Head & Shoulder Pattern Once Neckline is broken, H & S bookish target is the vertical distance from head top to the neckline & projected below. Thanks
Tata Steel LongLong on Tata Steel. Reason for trade:
1. 200dma ( Good location)
2. Comtinous HL structure and first time HH structure formation.
3. Good breakout volume.
Note: Trade only for education. Don't take it due to my view, I am not a SEBI registered analyst or service provider.
Tatasteel on strong supportTata steel is currently on a strong support, a buy position can be initiated will 8-10% target for swing trade given a green candle with good volumes is spotted on the support zone.
tatatseel protect your investmenst1160 is last hope in this stock and after candle closes below upper red line in 4 hour timeframe it will crash till 780 good luck
invest at your own risk
Tata Steel AnalysisHallo Traders, Good morning to everyone .. we are from Target Achiever Team today we are going to show you our Banknifty spot/Future Multi time frame DIRECTIONAL ANALYSIS. If you love or satisfied our prediction and want get updated at right time so follow us..
TATASTEEL BULLISH VIEWsupporting Fibonacci Ret @ 50% after huge profit booking on last trading day. On Monday will again break resistance.
Follow chart detail for study purpose only.
Tatasteel Positional Short This Chart is only for Educational purpose. Pls dont consider for investment or trades.
Values are present in chart.
PRZ: potential reversal zone, where prices can reverse and move in opposite direction.
#TATASTEEL BroadeningA broadening structure with possible targets heading into 3 digits. Below 1100 we may see the pain deepen !! Trend reverses only abv 1350
TATA STEELAs we can see is has broken its huge resistance and 50 EMA with power and volume is also good. One can go long above 1200 with stoploss below swing low for a good rish rewark ratio.
Note- I am not a financial advisor take entry on your own risk...
If you like my analysis do give a like..
TATA STEEL SELLTATA STEEL SELL for day trading if stock and METAL sector weak then we will enter in trade......
At buy rangeStock trade around good support level. PE very low and EPS very high. It's time for PE rerating. Stock can go high if it's maintain EPS.
TATA steelTATA steel
Above 1180
Target 1245,1265,1293
Stop loss 1157 below closing day chart then closing position
Tata Steel looks good in daily TfTata Steel has breakout triangle pattern and restested and ready to give upside rally
