Tata steel (07 June)Tata steel is trading in a narrow range. Symmetrical triangle chart pattern found in weekly candlesticks chart Low volumes indicates accumulation phase before breakoutLongby ashwinjethwani14091
Tata Steel completing H&S Pattern As discussed in previous analysis , TS had broke above Triangle pattern within right shoulder which makes TS morning bullish. Neck line is at 115, where TS will complete H&S pattern. Let's see if it break above it. Longby Trendz90
TATA STEEL UPDATE As said earlier tata steel is is completing inner triangle within right shoulder, it has touched the upper end of triangle twice at 109.80, the upper end of triangle can be viewed as lower high down trend line. On weekly view we see 109.80 has become become double top. But if seen in daily time frame it had completed and broke above triangle pattern, which is keeping investors comfortable. Since tata steel is slow moving stock it may break weekly triangle pattern by Friday. Being patient will be rewarded.Longby Trendz90
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... 3. Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns... 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... Keep an eye ladies and gentlemen. Cheers and Happy Tradingby SENSITRADE_T3
TATA STEEL LONGTatat Steel on weekly chart had started H & S pattern from Dec 2021. It has completed Left Shoulder and Head and is on way to complete Right Shoulder. During this process 108 has become important Pivotal line and 3 years it is trading is between 155 to 80 range. Near Right Shoulder range has reduced to 122 to 102 (from 50% to 20%). Today it had completed Red Inverted Triangle within Right shoulder Any break above Inverted triangle will take Tata Steel to 115 (which is neckline) where it will complete H & S pattern. Above neckline Resistance could come at 120 where price meets at uptrend support and resistance line. Conclusion. Range could expand from 20% to 50% (102 to 155) Above 108 H & S completion process is verified and so price could reach 115 Rs. which is neckline. Above Neckline resistance could come at 120 as it is price meeting at uptrend support resistance line. If 120 is broken on upside with volume, then 155 should be on browser. This is weekly chart and views are taken from dec 2021 onwards i.e., 3years, targets archivable is also for long term more than 1 year. It requires lot of patients to hold for long term. %0 percent profit can be earned in 2yrs time.by Trendz93312
TATA STEEL LONG Tatat Steel on weekly chart had started H & S pattern from Dec 2021. It has completed Left Shoulder and Head and is on way to complete Right Shoulder. During this process 108 has become important Pivotal line and 3 years it is trading is between 155 to 80 range. Near Right Shoulder range has reduced to 122 to 102 (from 50% to 20%). Today it had completed Red Inverted Triangle within Right shoulder Any break above Inverted triangle will take Tata Steel to 115 (which is neckline) where it will complete H & S pattern. Above neckline Resistance could come at 120 where price meets at uptrend support and resistance line. Conclusion. Range could expand from 20% to 50% (102 to 155) Above 108 H & S completion process is verified and so price could reach 115 Rs. which is neckline. Above Neckline resistance could come at 120 as it is price meeting at uptrend support resistance line. If 120 is broken on upside with volume, then 155 should be on browser. This is weekly chart and views are taken from dec 2021 onwards i.e., 3years, targets archivable is also for long term more than 1 year. It requires lot of patients to hold for long term. %0 percent profit can be earned in 2yrs tine.Longby Trendz94
Tata Steel : Watchout for Double bottomNSE:TATASTEEL has made double bottom and is near the neckline. One can initiate long trade only after closing of breakout candle above the neckline. Keep a waLongby VanshikaUdeshiUpdated 4424
TATASTEEL Watchout!Not a strong breakdown, Volumes are low and the candle pattern is not that strong- it might retrace and give a better move However, it's important to note that stock market investments come with inherent risks, and predicting breakouts or price movements accurately is challenging. It's advisable to consult with a financial advisor or conduct further research to validate the analysis and make informed investment decisions. by sumantggowda4
TATA STEEL on Weekly Breakout good for INVESTMENTTATASTELL is about to breakout above 124-130 in coming months post which we can see WAVE 3 on Weekly Charts with impulsive movement & targets above 500+ in coming 2-3 Years LTP - 107 SL - 80 Targets - 500+ Time frame - 2-3 Years Breakout above 155 on monthly timeframe would be ideal time to go for Investment. Happy Investment.Longby JITU_2106
Tata Steel, BearishTata Steel looks bearish with present levels near its major support of 1075, and have bounced to 1300 level in the past. But, if this support is breached, may see lower level upto 930-920. Shortby aquarianupUpdated 2
VIEW ON TATA STEELGood chart Above its 100 day SMA Target 113/115 Stop loss 109 I m just representing my views. For educational purpose only.Longby dakshb38390
i am predict traget and stoploss first traget 113.05 second traget 115.40 thrith traget 119.85 for intraday traget and second for swing trading first traget 123.90 and second final traget is 126.60 this is 100% work pls follwing Longby amarwaghmare198210
TATA STEELTATA STEEL looking good for a short term swing , a good inverted head and shoulders pattern is formed and stock has broken out of the resistance of 108 levels , if sustains above , stock can move towards targets of 113/115 , with SL of 107Longby sniper12903
tata steel bullish movetata steel comming with positive sentiment and bullish signal with the chart pattern.further they publish expecting good profit quarter on the basis of steel sector demand.If it moves above 108.5 to 109 it gives minimum 10% return.for above 108.5 to 109 buy signal above signal.for sell below 100.For long time investment it is also good stock in the sector to hold. HAVE A SAFE TRADELongby shivashankar12074
Huge Bullish move.This analysis is based on Price Action and Breakout of support and resistance. Disclaimer: This is for educational purpose. Not a financial advice.Longby S_S_R1112
TATA STEEL : BUY NOW AT SUPPORT LEVEL TO HOLDTata Steel Limited is an India-based steel manufacturing company. The Company is engaged in the business of steel making, including raw material and finishing operations. The stock CMP : 106.30 is currently reversed from downtrend and retested support @ 103.20. There are two formations, one is parallel channel and the second is Symmetrical Triangle Pattern. The stock is at support in both patterns. Appropriate time to enter the trade with least Stop Loss @ 103.50 or 102.25 for targets as 111.20 , 118.90 , 124.40 and 133.10 The positive trend in Nifty Metal , is favoring the trade and Once , 50 EMA crosses over 200 EMA, we may see sharp rise in the price. This analysis is completely for education purpose, please trade only after your own analysis and at your own risk. Best of luck !!Longby chakraveer1104Updated 11
#nifty Wedge breakoutTata Steel has broken out of wedge and moving up towards next resistance Wedge Longby MacroCow2
tata Steel SpotI have been warning each one of you about the METAL SPACE for atleast 4-6 months now... DO NOT dabble in this space if you do not know how to read the waves on each and every time frame.....Stay Away for Now..... Let it all play out@ above/below. And remember just because my heading says LONG/SHORT.... does not mean it will happen tomorrow.... U have to know the wave structure and act accordinglyShortby deepgups112
Tata Steel has broken out of the long downward sloping trendlingTata Steel has broken out of the long downward sloping trendling and can resume its upward move in the coming weeks and months on the back of fall in the dollar index. A short term trade can be taken from current price 107.95 for a target of 118/120+, keep stop loss at 98. Please accumulate more if you get 103-107 levels. Please follow a strict stop loss. For option lover i also have a trade:- option buying:- buy tatasteel apr 105ce @4.30 keep a stop loss at 1.5 and go for target 8/10/12+ option writing:- sell tatasteel apr 115pe @7.45 and hedge with 105pe @1.10 keep a stop loss at 15 for this trade. Please follow a strict stop loss. If anyone likes my work please like, follow and comment. Thankyou Longby TraderRahulPal337
TATASTEEL UP MOVETATASTEEL last up move , forming 5th of 5th wave this is an analysis not a trade advice, trade with due diligence Longby Manojmkm113
SHORT TATA STEELSHORT TATA STEEL LTD CMP - Rs. 107 Target - 1: Rs. 85 Target - 2: Rs. 72 . Bearish Flag BO on the weekly chart . Maximum Returns - 33% . This is just a view, please trade at your own risk. . Follow me for more!Shortby nilakshgupta5