There is nothing much to say about Tatasteel guys. Its all in chart :)
Tisco forming triangle in 15mins chart .. Narrow range since 3 days from 410-418 below that gap till 406 above 420 continuation of uptrend and below 410 can correct till 392 which is good supp
Tisco forming triangle in 15mins chart .. Narrow range since 3 days from 410-418 below that gap till 406 above 420 continuation of uptrend and below 410 can correct till 392 which is good supp
Trading@372 Tata Steel infact went below the swing low@366 (Data was missing at my end in earlier update)- likely we are done with 2-wave wave@383.85 highs & its a internal pull back -so we will avoid going long & any move below recent low@366 -shall continue in down direction.
It is been observed that the price action formed an important harmonic pattern called Bat Pattern indicating bearishness and a counter trend trade opportunity. It is a low risk trade as the price action has already reached to the previous resistance levels at 406. Now if the price action breaks and close above the previous resistance levels of 406 then we shall...
Price is moving up steadily and appears headed to the weekly resistance level at 435-ish. A fall below 361 would be a sign of weakness and weaken the case for a rise to 435. I am keen to buy this stock on a evidence of support at any of the blue lines. Watch this stock.
It is been observed that the price action has previously breaks out from a channel and then retrace back to the previous channel trend line, forming a V shaped signaling completion of retracement and now the price action shall further move down toward 340 target levels decided on the facts: 1. Measurement of the breakout channel and 2. Previous Resistance levels...
Tata Steel -last time was picked right at the bottom, but one should not get excited as I am used to such excitements & money which follow. I am taking this structure as a complex W-X-Y structure unless the market proves me wrong by going below 366 -swing low in that case our 2nd wave is done at recent high@383.85 & we will start most exciting wave downside for...
TS-TataSteel Last time, which was traded above 364 for target 367 & 370 was part of Y-Wave. Looking for channel support which will be second connecting X-Wave. Likely it is always risky to trade X-Wave so, I want market to give me some clue -which will happen only once TS takes support of the channel forming 2nd X-wave & bounce to start a W-Wave that too we...
The magic of throwback & Retest of trendline -Above 364 - Target Achieved 367 & close to 2nd Target Zone. Day's High- 370
TATA STEEL heading down to next support 161% of Fibonacci level confirmed with previous support levels expected target 348 on downside
There is a throwback from the day's high@363. 95 to 359.70 - likely it is taking support at the channel which was breached early in the day & made a high@363.95 Trading Strategy - If TS crosses 364 - we should get the next buying opportunity for target zone 367 & beyond 367 for 371-372 There is a risky trade for the day as going longs at current price-360.50...
TS looks to have travelled almost an impulsive leg from highs@408.60. Oh-we traded "TS" on top. Look-what has happened- it made a low@357.60- likely if it breaks 357.60- it shall continue to the range first 354-355 where it will travel 38.2% of ((i)) -((iii)) wave I changed slightly -((iv)) also opened up as "a-b-c" structure Trading strategy Likely we are very...
BSE:TATASTEEL . Selling Pressure is high on 16 sept, stock is negative even if nifty is +ve. Support level 370 broken. Trading below 50 day MA. Started trading below Rising Channel. Initiate short. Keep Stoploss 373.1, target 320.2 till nov end. Risk reward 2.31
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