TTSTE trade ideas
TATASTEEL SHORTDo initiate trade based on 5min candle close!
Levels mentioned on chart.
Trade at your own risk!
Thumb's up if you like the idea and do follow for more such ideas!
TATASTEEL-Triangular Pattern(1day Time Frame)NSE:TATASTEEL
The Trend Lines indicates a Triangular Pattern being formed. The Stock tends to be Bearish in 15min/30min/1hr TF Candles. The Stock has taken a good support in 1 day TF and has shown Bullish behaviors.
TATA Steel CHART is SELF EXPLANATORY ... i have analysed the chart pattern of tata steel and came up with folowing analysis. HOPE IT HELPS. Like the analysis if you found any value addition content ...
tata steel -expected behavior on weekly chartthis chart is purely for educational purpose.
Technical summary as of 05/12/2021
name value
rsi(14) 56.384
stoch(9,6) 65.956
stochrsi(14) 66.072
macd(12,26) 3.090
adx(14) 31.207
williams %r -27.045
cci(14) 59.4315
atr(14) 12.1107
highs/lows(14) 2.2286
ultimate oscillator 49.410
roc 3.461
bull/bear power(13) 13.9520
Tata Steel price looks weakTata Steel price looks weak
Reasons/Traits :
• Forming bullish Gartley harmonic pattern
• Retested point B of Harmonic pattern
• Pricing making lower lows
• Price retraced and from 0.618 fib levels and got rejected at 50 EMA and heading back to 0.618 level
• Breaking 0.618 level can further see a price decline
• RSI strength is reducing and is below 50
What can happen next :
Scenario 1 : Price sustaining 0.618/0.5 levels can help price bounce back to meet 50 EMA (red line)
Scenario 2 : Price break down of 0.618 levels can take it down to touch 200 EMA (black line) or 1050 level and complete Gartley harmonic pattern and retrace back to point B (1300)
Disclaimer : This analysis is only for educational purpose and not be considered as any trading idea/tip. Please consult your financial advisor before you take any trade and we are no way responsible for your profits/losses. Thank you!
Tata Steel Short Trade 1 Hr candleTata Steel 1 hr Dupply Zone
If trading for intraday keep target to 2:1
If Trading Futures 4:1 Target with trailing SL
TATATSTEEL AT SUPPORT (DAILY+CHANNEL)Hello guys, the next stock I am watching for upmove is TATATSTEEL.
Following a channel pattern, now has touched the lower channel line acting as support, is also on daily and weekly support.
RSI is bullish
MACD about to turn green.
Buy above - 1125
15% upside possible.
Targets mentioned in the chart above.
TATA steeel INTRADAY setupTata steel looking good in intraday above 1180 it will be bullish and below 1170 it will be bearish in market
always follow profper risk management and position sizing
TATA STEEL DAILY CHART ANALYSIS 09.12.2021TATA STEEL as per daily chart analysis is still in consolidation zone and today it has formed pin bar candle and resistance at 1190 level. Stock Above 1192 for a target 1250 level.
TATA STEEL CMP 1192
4.50 P/E
Fundamentally very good stock to HOLD and it's cheap as per P/E, for only long-term investors. Fresh entry is not recommended at this level!
But technically it's showing a BEARISH trend !!!
TATA STEEL_SIMPLE PRICE ACTIONTATA STEEL is following supply demand.
One can go long in this.
(FOR EDUCATIONAL PURPOSE ONLY)
RSI crossed above 40 in TatasteelRSI crossed above 40 in Tatasteel
Detailed analysis given on the chart
NSE:TATASTEEL
LongA stock that is fundamentally strong at this level its a very strong buy Keep a SL of 1050 The MA will soon move down the price range.
1350,1450,1550 can be achieved easily
Risk to Reward ratio is also feasible to take the trade.
This stock can go up-to 1900 in a proper bull run Patience Required
TATA STEEL - SUPPORT HOLDINGHave taken support in Previous level ,
Expecting to reach its first target of 1240
SL Below 1050 DCB
TATASTEEL CMP:1130 Good R:R TATASTEEL CMP:1130 Good R:R
Very good support .
Can give good returns in few weeks
#tatasteel
#nifty
TataSteelBuy above 1124 with the stop loss of 1119. Targets are 1129, 1134, 1139 and 1144.
Sell below 1116 with the stop loss of 1121. Targets are 1111, 1106, 1101 and 1096.
Tata Steel - LongTata Steel has completed one large a-b-c and seems to have formed a botton at 1063. It could now attemp a pull back. One can go long above 1138 with a stop loss @ 1100. Possible target are 1220-1280 by 20.12.2021
TATA Steel important levels for long term investmentTATA Steel important levels for long term investment
Level 2 = 1068
Level 1 = 862
TATA STEEL Bullish 15% TargetTata steel is range bound.
Near term target is 15% around 1300.
If it breaks the trendline then future targets:
T2: 1380
T3: 1488
T4: 1533
RSI and MACD are gaining momentum. Very favorable risk : reward setup.
Disclaimer: I am not sebi registered. This chart is for educational purpose. Pls consult your technical advisor before investing.
TATA Steel may be up for grabIf one sees a bullish pinbar or a bullish engulfing candle on the daily chart at 1082 levels then it may be a good buying opportunity with the target near 1250 and if it breaks 1250 then 1425.
