Checkout an amazing breakout happened in the stock in Weekly timeframe, macroscopically seen in Daily timeframe. Having a great favour that the stock might be bullish expecting a staggering returns of minimum 25% TGT. IMPORTANT BREAKOUT LEVELS ARE ALWAYS RESPEECTED!
NOTE for learners: Place the breakout levels as per the chart shared and track it yourself to get...
A cup and handle price pattern on a security's price chart is a technical indicator that resembles a cup with a handle, where the cup is in the shape of a "u" and the handle has a slight downward drift.
Above 146 Breakout is happening
target is 168, 192
A bullish pattern cup handle is taking it's reward.
Depth of between the last two highs is the first target
Buy Tata Steel 145 for 155 to 180. Perfect VCP pattern with gradual higher high formation nearing all time high breakout. Good fundamentals are there in TATA STEEL
In the context of the weekly timeframe, we observe a significant development: the breach of the 2021 trendline. Subsequently, the price has successfully undergone a retest, a crucial aspect in technical analysis. What adds to the bullish outlook is the presence of a bullish harami pattern at the bottom of this retest.
A bullish harami pattern is a two-candlestick...
There is no guarantee in stock market and Nothing over week
STOCK TO STUDY (EDUCATIONAL PURPOSE ONLY, NOT BUY OR SELL RECOMMENDATIONS}
TATA STEEL LIMITED
Target: RS 152
CMP: RS 143.90
ENTRY RANGE: 142-146
STOP LOSS: RS 135
Disclaimer: I am not Sebi Registered.
On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early...
Tata Steel chart - if we connect all the highs and lows since September, it can look like an ED or 'ending diagonal' pattern. The ED is a triangle pattern that occurs at the end of a trend and is marked as a-b-c-d-e in the direction of the existing trend. After wave e, we try to anticipate a trend reversal. This pattern will further confirm if the ED's lower line...
TATA STEEL- CMP: 138 (04/02/2024)
Hourly Chart (4 Feb 2024)
Key Study Points:
- Swing Trade
-Consolidation Breakout
- Strong Price Action
-Can Seen quick Rs 10-15 Movement.
- Keep SL of 133 and keep Trailing the SL.
Disclaimers:
This chart & study is for Educational & Learning Purpose. This shouldn't be construed as an advice to Buy / Sell / Hold. Pls...
