Tatasteel forming a falling wedge pattern possible downside tomorrow
Looks like a consolidation before break out. Confidence may increase if on a strong close above 1230.
Swing trade setup seen in Tata Steel Buy on Retest
head and shoulders pattern in tata steel on 1 hour time frame at the level of 1190~1250 , we can see potential targets to be achieved in the near future or like in a month or 2 weeks , you can enter after it crosses 1220 who are eager to enter and for safe traders they can after 1240, *ABOVE 50 MOVING AVERAGE * VOLUME SPURT
Kind of double bottom breakout CMP :- 1200 Target 1 :- 1400 Target 2 :- 1500 Stoploss :- 1100
Market Cap ₹ 148,632 Cr. Current Price ₹ 1,217 High / Low ₹ 1,535 / 596 Stock P/E 4.66 Book Value ₹ 749 Dividend Yield 2.03 % ROCE 12.6 % ROE 10.8 % Face Value ₹ 10.0
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TATASTEEL gave Double Bottom Neckline breakout and retest and now looks good for an upward move. One can look for fresh entries for a swing position. Please Hit the like button this motivate us to make more such analysis. For more such trading content follow us on ( @tradechefofficial )
consolidation of tata steel is over now its time take off
Buy at current market price for immediate tgt of 1270.. Good luck.
Tata steel has been down 20% from the top since last top, Now the retracements and levels are looking comfortable to go long again after the resistance getting broke.
Tatasteel is at very nice buying setup of RSI and macd..it also breakout the trendline..we can expect the 1500 level in upcoming 3-4 weeks
Tata Steel long good to go long Daily: BB Blast Weekly: W shape Monthly: at 60 Support
But on any pullback around 1180-1210 Support 1100-1120 Target open
#Tatasteel cash - Positional call 16 Jan 2022 Looks good around 1190-1201 Stoploss 1152 Tgt 1280-1300/1380 Cmp 1213.60
Tata Steel Ltd is a well diversified business entity. It manufactures ball bearings, hand tools, tubes, steel wires, and also operates chrome mines..The company also in the business activities of Steel, Ferro Alloys and Minerals. CMP: 1213.60 Target: 1332 Buy above 1199 which is critical support. use dip to buy strategy. Breakout of W Pattern it may retraced to...
tata steel chart analysis for intraday and swing trading
Entry : 1210-1220 Stoploss : 1190 target : 1290- 1310