This is the analysis of TATAMETALI in the Daily Time Frame. Watch carefully. The chart explains itself.
If it breaks and sustains above the upcoming resistance level, it is good for the stock.
There are some prediction levels. These Levels act as Support and Resistance according to position of price. You have to trade according to level breakout or...
Metal sector is showing good strength and outperforming nifty. Tata Metaliks is also looking good on weekly time frame. Seems stock will complete the rounding bottom pattern. Keep on radar.
Market Cap ₹ 3,034 Cr.
Current Price ₹ 960
High / Low ₹1,007 / 706
Stock P/E 26.7
Book Value ₹ 510
Dividend Yield 0.52 %
ROCE 7.91 %
ROE 5.18 %
Face Value ₹ 10.0
Tata Metaliks incorporated in 1990 as a subsidiary of Tata Steel, is one of India’s leading producers of high-quality Pig Iron (PI) and Ductile Iron Pipes (DIP).
Co. products find use in the water...
I am not holding
Disclaimer: This analysis is solely for educational purposes and does not make me a SEBI registered analyst.
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In the Weekly Chart of TATAMETALI ,
we can see that, after the breakout of Ascending Triangle, it has come for retesting.
let it form a Bullish candle on Trendline then enter with SL and Target.
Tata Metalics
CMP : 869
DISCLAIMER - We are not a SEBI Registered Advisors. This channel is purely for Educational purposes only. We will not be responsible for your profit and loss.
Exciting Bullish Pattern Alert! 🐂
📊 Pattern: Symmetrical Triangle and channel
📌 Symbol/Asset: Tata Metalic
🔍 Description:
Stock with Strong Support and breakout on channel and RSI.
👉 Remember: Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.
In the Weekly Chart of TATAMETALI ,
we can see that, it is inside Ascending Triangle we can see a great upside move in coming days.
Enter on retest at 813 with SL as 792 and Target at 1125.
Book you profits at 1125 and exit.
The chart simply analysed of
support & resistance - ascending triangle with strong support at Rs 720 and resistance at 870
moving average - price close above 20
volume 📤^
Target 5%/15% and SL below Rs 740
Thanks
-AJ
Tata Metaliks stock been correcting from last 2 years and is at strong support and looks good for next two years. With risk to reward ratio 1:2, stock looks to hold for next 4 years down the line.
Buy - 750-775
First target - 950-975
Second target - 1260-1320
Stoploss/Average - 460-500
Tata Metaliks has formed head and shoulder and is on the verge of breakout. Breakout above trendline will trigger a rally as its coming out of the base.
Stock has given strong break out, probabilities are to gain and good for short and medium term trading. If market supports it might touch 52 weeks high.
Immediate stop would be 750, trial a stop as an when it moves further.
Trade at your own risk, if you are benefited out of this analysis, then feed a poor. thanks
Tata Metaliks Cmp 745 dated 26-8-2022
1. Ascending Triangle Pattern
2. BO above 755
Buy above 755 for tgt 775-800-830-875-900
SL 700
It is just a view, pls trade at your own risk.
