Tata Steel -
Trading plan already mentioned in charts..
Personally holding in options with hedge and in good profits..
Kindly do your own study before investing
TATA STEEL weekly INVERSE HEAD & SHOULDERS Pattern It can give a nice swing or positional opportunity if it sustains above 138 I think 1st target will be 153-158 and so on
Tatasteel has good bulish flag pattern breakout. Above 133-135 closing can give good upside in the future. It should sustain or retest the flag top levels.
NSE:TATASTEEL
Good opportunity to invest in TATA STEEL.
Best Buying Range : cmp@117 to 120.
Stop Loss : Below 106.
Targets : 124/137/150+++++
Reasons to Buy:
Breakout of symmetrical triangle pattern.
Good support from the long term Trendline.
Good support from the 200 DMA.
Good Risk to Reward Ratio.
Good PE...
TATASTEEL looks good
Fresh breakout is confirmed in weekly chart. It is in retest, can be a good trade if planned properly.
Weekly & Monthly Stoploss is given.
- tata steel has formed sup and handle and ascending wedge pattern on daily chart
- if broken the monthly resistance R1 the stock may move further
- at present the stock is within monthly narrow range
- expecting the cup size movement at upper side
It is just a view, please trade at your own risk. I'm not SEBI registered adviser.
Hello everyone👏
I hope all the information I have provided is useful to you.
## In monthly TF
*** HH & HL formation
*** it's uptrend with taking support of trendline
*** bullish candlestick
*** momentum upside, volume is also good
*** stock has broken 2021 high..
*** resistance 166 & support 146
(Pivot levels)
*** price is above all ma
*** in weekly TF also...
Tata Steel Daily Analysis
Symmetric Triangle Pattern Formation in Tata Steel
Tata Steel has made Symmetric Triangle Pattern. I did all analysis on the daily Timeframe chart and also metioned Projected profit over there. Symmetric Triangle Pattern is a continuation pattern. So i am waiting for the clear Breakout / Breakdown . As price gives Breakdown /...
Date : 02-03-2024
Buy Tata Steel above 153
Target of 163, 183, 207, 232
SL 122
Strategy : SBO + RSI > 60 + EMA above 20 & 50
Duration few weeks
Please consult your financial advisor before investing
All research for educational purposes only.
Stock is ready to cross past barriers with good volumes
The stock has been forming series of various patterns and has given a breakout from inverse head and shoulder pattern lately , moreover it can rally till 220 in short term
