TTSTE trade ideas
TATA STEEL 19/01/22head and shoulders pattern in tata steel on 1 hour time frame at the level of 1190~1250 , we can see potential targets to be achieved in the near future or like in a month or 2 weeks , you can enter after it crosses 1220 who are eager to enter and for safe traders they can after 1240,
*ABOVE 50 MOVING AVERAGE
* VOLUME SPURT
Tata steel desh ka steelKind of double bottom breakout
CMP :- 1200
Target 1 :- 1400
Target 2 :- 1500
Stoploss :- 1100
TATA STEELMarket Cap
₹ 148,632 Cr.
Current Price
₹ 1,217
High / Low
₹ 1,535 / 596
Stock P/E
4.66
Book Value
₹ 749
Dividend Yield
2.03 %
ROCE
12.6 %
ROE
10.8 %
Face Value
₹ 10.0
Jatt da idea Swing hega pai hamshajammxhdannxbsaknsmssnshsbnxnxnccnnsmshx. Shxhmsx. Sksikssnabananahskambzzbksishxnss
TATASTEEL Bullish Swing SetupTATASTEEL gave Double Bottom Neckline breakout and retest and now looks good for an upward move. One can look for fresh entries for a swing position.
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TATA STEEL , A GOOD SWING RISING.Tata steel has been down 20% from the top since last top,
Now the retracements and levels are looking comfortable to go long again after the resistance getting broke.
TatasteelTatasteel is at very nice buying setup of RSI and macd..it also breakout the trendline..we can expect the 1500 level in upcoming 3-4 weeks
Tata Steel longTata Steel long
good to go long
Daily: BB Blast
Weekly: W shape
Monthly: at 60 Support
#Tatasteeel cash : Looks good around 1190-1201#Tatasteel cash - Positional call
16 Jan 2022
Looks good around 1190-1201
Stoploss 1152
Tgt 1280-1300/1380
Cmp 1213.60
Tata Steel Ltd. BuyTata Steel Ltd is a well diversified business entity. It manufactures ball bearings, hand tools, tubes, steel wires, and also operates chrome mines..The company also in the business activities of Steel, Ferro Alloys and Minerals.
CMP: 1213.60
Target: 1332
Buy above 1199 which is critical support. use dip to buy strategy. Breakout of W Pattern it may retraced to neckline and go for big target.
Feel free to share your feedback and queries.
If you want to know about your stock please mention in comment.
Buy tata steel for target of 1389 & and 1450 and SL of 1345 forBuy tata steel for target of 1389 & and 1450 and SL of 1345 for 1 to 2 week timeframe
Tata Steel for Short term analysisTata Steel is forming base formation after consolidation
Keep in your watchlist.
Tata Steel ready for the uptrend!🤩💸🔥Buy Tata Steel for Positional Trading as well as Investment💸🔥💸
Comment your views!!!🧐🤔🧐
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💡Key triggers for future price-performance:
India’s share in Tata Steel’s overall consolidated production capacity has risen from 29% in 2010 to 57% in 2020 and is likely to reach 73% by 2030. For FY22E, Tata Steel is targeting over US$2 billion gross debt reduction wherein it will prioritise offshore debt repayment.
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Both TECHNICALLY and FUNDAMENTALLY strong stock.💪💪
The company posted the best Q2 result and will very likely post a similarly strong result in Q3 too.
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The stock had given a 13-years long Volume Breakout in April 2021 and then after it has been in a retracement phase from August 2021 with decreasing volumes. Now with the formation of a Double Bottom in a Weekly timeframe stock is poised for a strong rally will begin from current levels.
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💎@technofunda_trader
Few Important rules from my Trading Philosophy:
1. Buy QUALITY stock.
2. Buy RIGHT, Sit TIGHT- Only sell in loss if the fundamentals deteriorate, problems arise in management or any other similar fundamental issues.
3. Don't invest more than 5-10% in any stock & more than 25% in any particular or related sector.
4. Build position GRADUALLY as the stock RISES.
5. Trade in the DIRECTION of the BIGGER trend.
6. RIDE the TREND. Don't sell your WINNERS early.
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LIKE, COMMENT & SHARE 😄😄😄
Tatasteel breakoutHello traders, hope you are doing good and enjoying gains in nmdc & tatapower.
Now this time tatasteel has given a long awaited breakout from is channel pattern, I posted trading idea of tatasteel before, here on tradingview when it made a double bottom and said that this could be the time it we will get a breakout and asked you guys to make your positions accordingly.
The channel pattern seems to have been broken by strong candles so it definitely looks good for the upper marked targets.
RSI is above 50
MACD above the signal line.
Buy above - 1216
Targets mentioned in the chart above
