The analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets. Trade setup is explained in image itself. The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade Checkout my other ideas to understand how one can earn from stock markets...
Tata Metalliks : Ascending triangle breakout in progress Sustaining 780 is crucial for a stronger breakout
Targets and Stop loss are mentioned in the chart itself. This is my idea, please use your own discretion before using it. Thank you, Purus
Reason for long a) bullish bat at 718 b) Weekly pull back set up for long at 690 levels
Elliot wave study... it can go upto 1110 -1225 ...wave (12345) is not possible bcz 2nd and 4th wave ratio has to be same ... just a study chart..
It is also at support level. Any rise in sector will surely help all stocks within sector to come up. Long can be initiated with CMP with SL of 934
Stock after making double top at around 1360-1370 levels has corrected nearly 30% from top. It has formed morning star pattern on weekly chart. Now stock seems back in action towards its double top. One can consider long with SL 1040 on weekly CB, for targets above 1350 levels with 1:4 RR. As it is positional trade, would take couple of months to hit the...
Buy TATAMETALI above 1050 SL- 950 TG- 1150/1250/1350 Follow me to get more updates like this. Nifty 50 and our india is currently running in full bull mode so buy on dip is the right strategy.
Have closed above 150 DMA 1039.81 with increased volume..... ....
Tata Metaliks looks a bottomed out candidate with the harmonic and demand zone at the same place
Reversal Expected with increasing volume in stock.
Analysis given on the chart NSE:TATAMETALI
Strong up moves possible, consolidating in a tight range.
After breaking out its retracing now. Iron ans steel are in special focus for medium term so it should be in our radar 950 levels are looking good for addition At this level there is 200DEMA 30% fib levels And previous supply zone which should act as demand zoney now Its really attractive at 950-960 levels
TATA METALICS, has corrected a bit nd reached it's support levels, nd there's even a trendline that has been tested today, we can expect it to bounce back from here. Targets can be 1260 nd 1340
buy at support level (1055) and wait for confirmation formimg a channel pattern.
( Analysis is for Education purpose Only)