Hey guys!
Market is red but metal sector is looking good. So I'm publishing this trade analysis. Entry can be taken at CMP. SL and target is mentioned in the chart. This trade can be taken with proper position sizing.
Disclaimer : This is only for learning purpose and not my Trading recommendation.
The stock has been giving negative returns for past several months with a very good correction and also an increase in commodities demand
this stock looks good.
The stock has given a strong breakout from resistance after taking good support at 1 year back demand zone.
For proper entry, one has to wait to price retesting the breakout level which is around 1250...
TATASTEEL BUY Total points 853.4
Breakout Conformed
Before Entering Trade do Your own Analysis it's Only for Educational Purpose
Thank you so much for Your Support
On weekly time frame it is very beautiful long swing trade.. because
1- macd is crossing bullish
2- price action trendline breakout n retest
3-previous candle was bullish pin bar
Trade TYPE: SWING
Duration : 2-3 months
Entry: CMP
S.L. Below the RED line
Targets : 1500/2000++
Note: This is not a BUY recommendation and I am not responsible for any of your PROFITS/LOSSES
This stock has run up a little so might pullback or consolidate for a while before going UP again...
Hope this post helped you to take better decision
HAPPY TRADING :)
NSE:TATASTEEL is on an approach for breakout if any strong candle forms at the breakout of trendline will leads to bullish movement upto 1335. currently wait for breakout adn maintain a strict stop loss at 1144.
This is just my analysis
Do like if its worthy......
Currently jaisa market mein weakness hai uske according ye stock jyada weak ni lgra hai. chance hai long term mein accha perfrom kr skta hai. isme aap short term trading bhi kr skte hai ho video mein level bta diyya hai.
ye buy ka recommendation nahi hai.
Perfectly bounced from the support zone. Looks like commodity stocks at right price has lot of demand.
Breakout still pending, T1: 1250
till 1250 supply zone is not absorbed, new highs are difficult to be seen.
The stock has taken strong rebound from its support of 1075. Buy above 1150 TGT 1245, SL 1095. For educational purpose only kindly contact your financial advisor before entering any trade.
Educational purpose only: TATA steel makin new expanding Barrier Triangle combination@ wave (X) .
It was notified the market trend is continuous coming days.. That was wave (z) will be arriving (1000 or 930) levels.
7 wave price move very confident trade setup for long term holdings . Why I am saying this... If WXYXXZ correction was end by the market.. Next we...
