TATASTEELTata steel should have completed the correction phase to start the impulse mode on the higher side from here
TTSTE trade ideas
TATA STEEL ANALYSISTechnical Analysis
According to chart Tata Steel has entered its first support range of 1080-1060. If it falls further it can go to previous all time high level of 880. After that support for Tata Steel is the range of 600-700. One can add small quantities at every level for mid to long term investment.
Fundamental Analysis
PE Ratio : 17.88 (Undervalued in comparison to peer companies)
Sector PE Ratio : 23.76
TTM Eps : 256
Book Value per Share : 631
Below data for previous 5 years.
Revenue Growth : 7.61%
Sector Revenue Growth : 8.94%
Market Share : 32.85 % to 31.55%
This analysis is just for educational purposes and not an investment advice.
Tata Steels Ltd Long @ Rs 1185 or BelowNSE:TATASTEEL
Entry 1185 or Below
Target 1290
SL 1125
Time: 5 Week
CMP 1186
Tata Steels Ltd is trading at 1190 and in a downtrend for a long time . Price is reaching near to demand zone. In the Options Analysis strong pressure on PUT side is at 1200 level and CALL side is 1300 levels. So Price is expected to remain in between them on current month expiry. Buy and hold for the 5 weeks.
Disclaimer: the author may enter in trade, take your own decision , This is a trading idea, not an trading or Investment advice
TATA STEEL - DAILY Chart Analysis 26.11.2021TATA STEEL as per daily chart analysis has taken the trendline support at 1112 level and if it breaks then next support at 1046 level and from here the stock should consolidate for the reversal. However one can see a fresh buying opportunity only after full correction completed.
Symmetrical triangle !!Stock has formed symmetrical triangle pattern on weekly chart.
Results update mentioned on chart.
One can consider long position with SL 1150 on weekly CB for the target of new ATH with more than 1:3 RR, over short - medium term.
Kindly do your analysis before initiating trade.
Stoploss for Tata steel If TataSteel break Rs 1140 level it will become weaker and the fall might be very severe . So the stoploss may be between 1140-1136 .
A Good buy Opportunity for Tata SteelAfter the fall 1186 Tata steel has good potential to go up upto level 1329 and after holding for more premium it can also go for 1480. Its a 2-3 months trade. Tatasteel can give a easy return of 15-25% .
tatasteel -bullish harmonic-weeklywait for reversal at present zone
can reach 1210-1250-1280
negation candle closing below 1130
if it breaks 1130,may form another harmonic pattern
Educational purpose only.
This is not a recommendation -
I am not SEBI registered - Do not TRADE/INVEST basis what I publish here.
Inspired by - Trading Mirror telugu
TATA STEEL - DAILY Chart Analysis 23.11.2021TATA STEEL as per my weekly and daily chart analysis today have made fresh entry at 1190 level and target 1250 level. Happy Trading to All
TATA STEEL - Weekly Chart Analysis 22.11.2021TATA STEEL as per weekly chart analysis has come back to its previous consolidation phase and once it breaks 1190 level then target 1250 achievable
MELTING YET TO BE COMPLETED(CONTINUATION)Just dancing to the tunes of chart posted earlier. Reached parallel channel bottom. Likely to have dead cat bounce. Mkt rewards patience & most importantly - timing.(Fortunately most of yelling TV/U-TUBEWALAAS don't have).Also have reasons to believe that mkt has made 4th of 5th cum final wave(TGT 19K++/42K ++).SO TIME TO BE CAREFUL WITH SHORTS. NOTE:-Views r personal-not a trading recommendation.
Long TatasteelLong tatasteel above weekly high//Stoploss below previous candle low 1216=Target 100 points.
TATA steel , 1D , long chennel suppot
demand area
long term trade line support
200 moving average support
tata steelNote:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
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3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions...
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Keep an eye ladies and gentlemen. Cheers and Happy Trading
TATASTEEL Keep in Watchlist on daily Timeframe of TATASTEEL Stock running in channel now expecting a reversal from channel and also near MA will react according to market reaction near those area
Buy from CMP to 1080 SL 965 TGT 1579 and 1870Suggestions are based on my analysis only. Please do your analysis before taking any trade.
tatasteel bearish batif candle closes below trendline it can fall 200 points so stay cautious
trade and invest at your own risk
Tata Steel Weekly AnalysisTata Steel Weekly Study : Idea published only for study purpose no buy/sale......
2 Previous case studies shown in screen 1 from where it get close below Super trend value once but did not get follow up
closing below low of that point & get reversal....
Today again we see same pattern.....so if it has to reverse from here then it should not closed below this week low..
We may see trading bounce again for this it should hold this week low on closing basis.
Long It'sy personal view nothing related to buying decision
Entry around 1128-1140
Target 1250
SL-1100
Risk reward good on upside , #tatasteel
I won't recommend entry at this level , I believe it will fall on every rise till it make gud bottom to rise faster .......
Tata steel :WXY Double correction ending soonCurrent strucutre:WXY double correction
Current count
Intermediate :wave y
Minor:wave c(not shown)
stock has corrected from where it was, meanwhile making double correction WXY. Right now we are in second correction wave Y sub wave C.
Important support area from where prices can reverse is coming at 1115-1135.Any bullish reversal candle in this zone followed by a follow through candle on the next day can bring short term bounce in this stock in the form of wave X in order to make this an triple correction WXYXZ.
Reason 1115-1135 to act as support zone
1)1:1 extention of wave W for wave Y from wave X top is coming @ 1125
2)50% retracement of Primary wave 5 in blue is coming @ 1116
3)we have channel support coming @ 1135
4)we have 200 day ema @ 1130
5)On OI front stock has decent put writig with negligible call writing @ 1160,1140,1120,1100 levels indicating downside is limited from current prices.
Disclaimer:Position should not be solely build or exited on the basis of this analysis,do consult your financial advisor and follow money management and risk management rules
How to count Neo wave Impulse Current wave counts
Primary-wave 2 (orange)
Intermediate-wave A (Blue)
Minot-wave B (Red)
Minute-wave C (Yellow)
Applied Neo wave Impulse Rules:
1)Counting started from faster retraced low
2)wave 2 should not retrace wave 1 by more then 61.8%
3)wave 2 should be equal or longer then wave 1 in terms of time
4)0-2 TL should be clean and price action of 1 should not touch 0-2 TL
5)wave 3 should not be shortest
6)wave 4 should not enter wave 2 zone
7)2-4 channel should not have more then 4 touch point,here on 5th instance channel was broken
8)wave 4 should be longer then wave 3 in terms of time
9)Atleast 1 Alternation between intermediate wave 2 and 4 should be there,here alternation is observed in terms of retracement,pattern complexity,time and price
10)Every new motive wave had 2 stage confirmation.
Analysis
Looks like Tata steel is certainly not in buying zone,as it has completed intermediate impulse cycle and it has broken minute 2-4 TL,minor 2-4 TL(not shown in the charts),minute 4 low's in lesser time then minute 5 took to form and 21 day simple moving average.
A decisive close below 1400 can trigger fresh selling till 1240-1250 where previous price action zone comes along with 23.6% retracement of entire intermediate cycle from 365-1535.Hence short selling can be done if price goes below 1410 with a stop loss of 1460 on the upside and target of 1250 and 1140.
Continuing to this logic meanwhile during this fall if price's comes to 1250 level then it will be breaking intermediate 2-4 TL in lesser time then intermediate 5 took to form hence it can be assumed that intermediate top has been formed and going ahead price can even touch 1140 minor 4 lows and 709 intermediate 4 lows(I know it sounds ridiculous at this point) but i am mentioning this becoz it seems like we have completed intermediate impulse cycle.
As of now metals stocks are not participating in the on going rally so keep your exposure limited as in case of any major selling portfolio returns would be severely impacted if metals occupies major chunk of your portfolio.One can even start hedging by selling in the money call or of tata steel keeping mentioned spot price as stop-loss.Further Indicator's and Candle stick patterns can be used for efficient entry and exits.
PS: Interesting observation skip if you are already boared
1)As per the rules 5th(minute) extention of 5th(Minor) extention of 5th(Intermediate) wave cannot take corrective form unless 1st of highest degree 5th is sub-divided in 3.This is seen in this case.It was confusing me at first that Minor 5th is making terminal impulse by looking at the overall shape i got by connecting TL's but as Minor 1st of Intermediate 5 is not sub-divided in 3 this possiblity can be ruled out,also here Minute 4 has not entered Minute 2 pricezone which confirms termination of Minute,Minor and Intermediate 5th wave @ the shown place as per my view.
2)Both variation of Neo wave pattern Diametric pattern is seen,
Diamond Diametric-Intermediate wave 4
Bow-Tie Diametric-Minor wave 4
3)As mentioned by many Author's of wave theory and as noted historically wave 5 in commodities are longest.Here wave 5 is longest in terms of both price and time .
I have tried showing everything that i have charted hope-fully anyone reading this finds this post logical just like me
