Buy from CMP to 1080 SL 965 TGT 1579 and 1870Suggestions are based on my analysis only. Please do your analysis before taking any trade. Shortby ashishlele290
tatasteel bearish batif candle closes below trendline it can fall 200 points so stay cautious trade and invest at your own riskShortby UnknownUnicorn22711483Updated 6
Tata Steel Weekly AnalysisTata Steel Weekly Study : Idea published only for study purpose no buy/sale...... 2 Previous case studies shown in screen 1 from where it get close below Super trend value once but did not get follow up closing below low of that point & get reversal.... Today again we see same pattern.....so if it has to reverse from here then it should not closed below this week low.. We may see trading bounce again for this it should hold this week low on closing basis. by HITTESHKOTHARI1
Long It'sy personal view nothing related to buying decision Entry around 1128-1140 Target 1250 SL-1100 Risk reward good on upside , #tatasteel I won't recommend entry at this level , I believe it will fall on every rise till it make gud bottom to rise faster ....... Longby tenper1000
Tata steel :WXY Double correction ending soonCurrent strucutre:WXY double correction Current count Intermediate :wave y Minor:wave c(not shown) stock has corrected from where it was, meanwhile making double correction WXY. Right now we are in second correction wave Y sub wave C. Important support area from where prices can reverse is coming at 1115-1135.Any bullish reversal candle in this zone followed by a follow through candle on the next day can bring short term bounce in this stock in the form of wave X in order to make this an triple correction WXYXZ. Reason 1115-1135 to act as support zone 1)1:1 extention of wave W for wave Y from wave X top is coming @ 1125 2)50% retracement of Primary wave 5 in blue is coming @ 1116 3)we have channel support coming @ 1135 4)we have 200 day ema @ 1130 5)On OI front stock has decent put writig with negligible call writing @ 1160,1140,1120,1100 levels indicating downside is limited from current prices. Disclaimer:Position should not be solely build or exited on the basis of this analysis,do consult your financial advisor and follow money management and risk management rules by UNDERDOG-296
How to count Neo wave Impulse Current wave counts Primary-wave 2 (orange) Intermediate-wave A (Blue) Minot-wave B (Red) Minute-wave C (Yellow) Applied Neo wave Impulse Rules: 1)Counting started from faster retraced low 2)wave 2 should not retrace wave 1 by more then 61.8% 3)wave 2 should be equal or longer then wave 1 in terms of time 4)0-2 TL should be clean and price action of 1 should not touch 0-2 TL 5)wave 3 should not be shortest 6)wave 4 should not enter wave 2 zone 7)2-4 channel should not have more then 4 touch point,here on 5th instance channel was broken 8)wave 4 should be longer then wave 3 in terms of time 9)Atleast 1 Alternation between intermediate wave 2 and 4 should be there,here alternation is observed in terms of retracement,pattern complexity,time and price 10)Every new motive wave had 2 stage confirmation. Analysis Looks like Tata steel is certainly not in buying zone,as it has completed intermediate impulse cycle and it has broken minute 2-4 TL,minor 2-4 TL(not shown in the charts),minute 4 low's in lesser time then minute 5 took to form and 21 day simple moving average. A decisive close below 1400 can trigger fresh selling till 1240-1250 where previous price action zone comes along with 23.6% retracement of entire intermediate cycle from 365-1535.Hence short selling can be done if price goes below 1410 with a stop loss of 1460 on the upside and target of 1250 and 1140. Continuing to this logic meanwhile during this fall if price's comes to 1250 level then it will be breaking intermediate 2-4 TL in lesser time then intermediate 5 took to form hence it can be assumed that intermediate top has been formed and going ahead price can even touch 1140 minor 4 lows and 709 intermediate 4 lows(I know it sounds ridiculous at this point) but i am mentioning this becoz it seems like we have completed intermediate impulse cycle. As of now metals stocks are not participating in the on going rally so keep your exposure limited as in case of any major selling portfolio returns would be severely impacted if metals occupies major chunk of your portfolio.One can even start hedging by selling in the money call or of tata steel keeping mentioned spot price as stop-loss.Further Indicator's and Candle stick patterns can be used for efficient entry and exits. PS: Interesting observation skip if you are already boared 1)As per the rules 5th(minute) extention of 5th(Minor) extention of 5th(Intermediate) wave cannot take corrective form unless 1st of highest degree 5th is sub-divided in 3.This is seen in this case.It was confusing me at first that Minor 5th is making terminal impulse by looking at the overall shape i got by connecting TL's but as Minor 1st of Intermediate 5 is not sub-divided in 3 this possiblity can be ruled out,also here Minute 4 has not entered Minute 2 pricezone which confirms termination of Minute,Minor and Intermediate 5th wave @ the shown place as per my view. 2)Both variation of Neo wave pattern Diametric pattern is seen, Diamond Diametric-Intermediate wave 4 Bow-Tie Diametric-Minor wave 4 3)As mentioned by many Author's of wave theory and as noted historically wave 5 in commodities are longest.Here wave 5 is longest in terms of both price and time . I have tried showing everything that i have charted hope-fully anyone reading this finds this post logical just like me Educationby UNDERDOG-29Updated 7272197
Wait for the correction and dont take any new positionPut it in your watchlist and wait for the right time to enter after breaking the resistance..Shortby Thilakperumal0
TATASTEELAfter taking support at 320 started moving up. Now at Span-A of Ichimoku Cloud. RSI showing bullish divergence.by OmkarBanneUpdated 0
TATASTEELAnother rejection near 200ema Once it is cleared, stock will move to higher levels 380, 400Longby OmkarBanneUpdated 112
TATA steel CASE STUDYTata steel spot cmp 1220 multiple harmonic pattern matures around current levels with confluence prz zone.. bullish divergence on rsi time to take a review for this counter Keep learning,, Longby RUDRA0078
TATA STEEL TARGET UPDATE 17-11-2021Look fresh in range 1100-1225 for upside 1470/1800 med to long term...!!!Longby Scorpion_King0
SHORT - TATA STEELExcellent Shorting opportunity in NSE:TATASTEEL , as metal sector looks weak for next few weeks, it will be safe initiate a short trade in TATA STEEL. ENTRY : Below 1220 SL : 1270 TARGET : 1180/1130/1100 NOTE :This post is just for educational purpose. Do consult with your financial advisor before taking any trade. Thank you.Shortby Tanjil_momin0
Tata Steel Long can be initiated at CMP with SL of 1184. Weekly support is there and probability of bounce from here is more Longby YS90
Tata Steel - A bearish setup (Sell on Rise)Tata Steel 1. Trading below 100EMA 2. HNS Broken 3. Closed below 1,231 (last credible support) 4. Trading within Pitchford and may extend move towards lower 1st Deviation 5. Has potential to move towards 200EMA and ABCD Tgt confluence at around 1,125 and beyond Shortby CKParkhi2
TATA Steel PositionalThe stock has a short build up and 6.23% open interest change. 77% of the contract is newly formed. In this case, the stock price is likely to fall significantly. You can trade by looking at the levels marked on the chart. Happy tradingShortby KOMALASSERILUpdated 3
TATA STEEL at Good Support Good opportunity can be capturedGood Support: 1250-1235 if not sustained new support will be @1280 and @1180 Analysis before any decision because it is you at the end to see the consequences.Longby vicky_sh1
TATA STEEL _ Retest Retested twice at the previous breakout level. Entry : 1240 -1260 (Wait for Bullish Candle) Target : ATH - 1530Longby viswanathreddykurlaUpdated 0
Good swing trade is here Only take entry when price show a strong rejectionLongby TRADELIKEPROFFSIONALS0
TatasteelTatasteel Tatasteel near multiple support breaking below will lead to fall till 1130 which is 200dmaby UpendraG922
tata steel future predictions. Expecting a mild reversal from 150 ema on 16th november 2021. followed by resistance at trendline. followed by a breakdown --> support ---> consolidation > breakout from trendline. if stock does not reverse from 150 ema then support levels are given.by worldlyRhino29510Updated 0
Tata steel is at Important LevelTata steel if the break 1245 we can be expected level 1200,1135,1070. Shortby neeleshbn2
TATA STEEL Channel BreakTataSeel has broken the regression channel but still, we have the resistance at 1270 and 1286. On day it on downtrend probably we need to look out for the R . #TataSteel #Channel #Secondaytrendby PraveenRaj150
Tata Steel good breakout swing trade The price making a inclined traingle just wait for an upward breakout of price. I will not recommend u to go short Once the price close above the resistance level see for MACD bullish crossover and RSI level must near oversold Area If u want to go safe then wait for price to take pullback or retest after breakout You can make u profit moving with help of Moving averages BEST OF LUCK Longby TRADELIKEPROFFSIONALS0