Tatasteel strong bullish chart, technical shows Support on Trend line ready for upmove Can retrace back from upper level and can break all the resistance present on chart. strong bullish on steel sector more specificlly tatasteel
TataSteel Wyckoff Distribution Schematic #2: bearish
Tata steel is weak as metal index is weak compare to Nifty.
TATA STEEL as per daily chart analysis has a very good support at 1042 level for its reversal and all again depends on the FII and DII. if indecisiveness will prevail in large in this december 2021 due to OMICRON or US FED then it might fall further too. Good to buy this stock at a lower price so lets see where its correction begins.
Tata steel looks good for intraday can be shorted with small sl. always follow proper risk management and Position sizing
Steel giant Tata steel is hovering around crucial levels. A Buying opportunity can be seen around 1230 levels. Or it's gonna be a wide correction in stock till 1050-1070 levels. Another pattern can be seen price action that is a Symmetrical triangle is in place. Thus breakout above 1370 will also trigger more upside. Remember we have to follow the markets....
Tata steel should have completed the correction phase to start the impulse mode on the higher side from here
Technical Analysis According to chart Tata Steel has entered its first support range of 1080-1060. If it falls further it can go to previous all time high level of 880. After that support for Tata Steel is the range of 600-700. One can add small quantities at every level for mid to long term investment. Fundamental Analysis PE Ratio : 17.88 (Undervalued in...
NSE:TATASTEEL Entry 1185 or Below Target 1290 SL 1125 Time: 5 Week CMP 1186 Tata Steels Ltd is trading at 1190 and in a downtrend for a long time . Price is reaching near to demand zone. In the Options Analysis strong pressure on PUT side is at 1200 level and CALL side is 1300 levels. So Price is expected to remain in between them on current month...
TATA STEEL as per daily chart analysis has taken the trendline support at 1112 level and if it breaks then next support at 1046 level and from here the stock should consolidate for the reversal. However one can see a fresh buying opportunity only after full correction completed.
Stock has formed symmetrical triangle pattern on weekly chart. Results update mentioned on chart. One can consider long position with SL 1150 on weekly CB for the target of new ATH with more than 1:3 RR, over short - medium term. Kindly do your analysis before initiating trade.
Buy tatasteel cmp 1131 spot sl below 1030 spot tgt 1300 1350----1450
If TataSteel break Rs 1140 level it will become weaker and the fall might be very severe . So the stoploss may be between 1140-1136 .
After the fall 1186 Tata steel has good potential to go up upto level 1329 and after holding for more premium it can also go for 1480. Its a 2-3 months trade. Tatasteel can give a easy return of 15-25% .
wait for reversal at present zone can reach 1210-1250-1280 negation candle closing below 1130 if it breaks 1130,may form another harmonic pattern Educational purpose only. This is not a recommendation - I am not SEBI registered - Do not TRADE/INVEST basis what I publish here. Inspired by - Trading Mirror telugu
TATA STEEL as per my weekly and daily chart analysis today have made fresh entry at 1190 level and target 1250 level. Happy Trading to All
TATA STEEL as per weekly chart analysis has come back to its previous consolidation phase and once it breaks 1190 level then target 1250 achievable
Just dancing to the tunes of chart posted earlier. Reached parallel channel bottom. Likely to have dead cat bounce. Mkt rewards patience & most importantly - timing.(Fortunately most of yelling TV/U-TUBEWALAAS don't have).Also have reasons to believe that mkt has made 4th of 5th cum final wave(TGT 19K++/42K ++).SO TIME TO BE CAREFUL WITH SHORTS. ...