TATASTEEL form bearish Chart Double Top . Which indicate bearishness . anotherwise look at RSI divergens also indicates that. small rally was over small correction is now here.
waiting for long for this opportunity... you guys can enter here for targets of 1400 upto july 2022. chart here is self explanatory... Best Regards, Sangram Kanade.
Tata steel, Bullish Target1 1370 Target2 1500 Take as educational purpose only
Tata Steel ...Long Call... Can be bought for more than 3R gain.
Reversed from its support . We can call it as either -Double Bottom - W Shape Recovery - Cup and handle SL Below DCB .
Tata steel seems completed correction and ready for an impulse move .
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 Steel Retraced and again bounce Back and made high, covered entire selling and looks extremely Bullish
NSE:TATASTEEL #NSE:TATASTEEL reaching resistance and good above 1318. Happy LEarning.
Can move towards ATH if breaks 1330 decisively. Commodities prices soaring due to the war. Breakout from a flag pattern. In a good Uptrend. DISCLOSURE - Invested and can be a biased view. I would appreciate your thoughts on it. PS. - I am not SEBI registered. This is for analysis and educational purpose only.
Currently the stock has discounted 14% from all time high levels. Tata Steel (Daily): 1. Taking support from 38.2 Fibonacci levels 2. Good volumes on Breakout 3. Retesting done 4. Positive crossover of 5,13 Exponential Moving Average NSE:CNXMETAL 5. Reversal from 20 Days EMA 6. CNXMETAL Index also forming Flag and Pole Kinda formation View Point: 1....
The chart is self explanatory and key points considered as follows : a) Descending Triangle b) Moving Average 200 c) Fib level 0.618 d) Volume & RSI e) Price action zone i.e. demand zone f) Key Support at Rs 1050 Thanks
So far it seems like we are done with the complex double correction WXY on the back of following reasons: 1)Price has crossed and will be closing above upper channel rasistance line looking at today's price action. 2)Price will be closing above wave 4 high of 1250 looking at today's price action. 3)Price has crossed 38% retracement level of entire correction at...
There are lot of trading strategies which can be easily available. Whatever strategy you use, If you know how to increase the trading edge, and when to avoid the trade will help you to make money. I have taken a simple trading strategy known to most traders, but here I am going to explain how to take the trade which has more winning possibility. Strategy :...
Long if it breaks the high of the previous day with a stop loss at the previous day's low. Short if it breaks the low of the previous day with a stop loss at the previous day's high. In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed...
The script has broken levels of 1250 third time after making a double top. The script value has come down to test the resistance level of 1250. Now 1250 will act as support and script is poised to rise beyond this. This is for academic purpose only
Tatasteel has been consolidating in a narrow range after a bullish movement in the stock. It is forming a bullish chart pattern on a higher time frame. The breakout of the parallel channel can give a move of 5%. Watch the stock for the tomorrow