As we can see TATA STEEL is on the verge of trendline break. We can go by keeping our sl below the breakout candle. Targets are mentioned in the chart itself.
Reversal from a strong support again. Closed near the strong trendline. Can be good above 1225 for intraday and above 1245 for swing on closing basis. Levels mentioned in chart. Follow strict risk management.
We can expect an awesome upward move from the /steel sector if tata steel sustains above 1249 level , considering it's blockbuster results, let's hope FII's become net buyers else this breakout will be useless.
The stock gives trend line breakout after 6 month of consolidation.
buy above 1240rs, Looking for good up move.
This is only for educational purpose, Do your own analyze before trade !!!
Tatasteel in support level ...bt current trend is downtrend so we have buy only above 1430 or wait for level 716....
Huge fall expect . Break the support level look like H&S pattern
Expecting good Upmove
TGT - 1300 & 1350-+
SL -1150
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#Tatasteel Long (08 Feb)
RSI- 61
Took support at Triple bottom chart pattern
Now crossed all moving averages
Buy at CMP- 1218
SL- 1165
Target- 1360, 1415
Disclaimer- We are not SEBI registered advisor.
Charts and views are only for educational purpose.
#NSE #NIFTY #stockstowatch
tata steel is giving breakout after consolidation if sustains today above 1215 on closing basis can give targets of rs100/- plus in short term..!!
Disclaimer: I am not SEBI registered and all the analysis is purely for educational purposes. Not a buy or sell recommendation. consult your financial adviser before entering any trade.
there are two condition -
1.
Price may take resistance from counter trend line & fall up to horizontal zone down there.
price rise again & touch counter trendline & give break out. so there are two entries, one is at horizontal support & second is trend line breakout
2.
price rise and touch the upper horizontal resistance zone & fall up to trend line & again...
Tata steel has bounced back from support level of 1101 maintained since may 2021 and moving towards hurdle of 1246 and darvax box bo good for swing supported by good results can move abv 1300
Tatasteel reversed back from support level of may 2021 moving above 1246 will open area for more action as metal sector is strong and good results good for swing sln1101
