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This are the important levels of tatasteel for intraday trades .....uptrend on a channel and as we can see its just trying to break previous high . We can have a upside move after these highs break
After Buying entry it has given 13+ Points Profit
(Buy setup post good breakout above CRITICAL ZONE with making a clean HIGHER LOW UPTREND structure)
Achieved the target1 without breaking the uptrend
theme, and then went sideways
Tata steel price is near the XABCD bearish pattern's potential reversal zone. From PRZ the price could make a correction or breaking of the PRZ could lead to a short-covering rally.
For new long entrants, wait for one of these scenarios. The levels and the stop loss point are mentioned on the chart.
Happy trading :)
Only for educational purposes.
Going towards channel top. Coking coal prices are all time high. Steel production needs coal. steel prices will rise more going forward. Indian prices are stable. 2000-tgt. SL below 1245
👉 Stock 2- #TATASTEEL
👉 Sector - METALS
👨🏻🏫 Analysis Timeframes - Hourly and 15 min (Intra)
🎯 Commentary - After strong Uptrend from 1050 to 1535 level then it strongly reversed to downside till the 1300 Level. Now it has a strong barrier around 1070 Level found as per Hourly Timeframe Orderflow Zones
On Wednesday, it has shown strong Downtrend and in 2nd...
After a long fall in metals , they are recovering fast!
Tatasteel has 2.80 percent gap made when it faced a big gap down. This gap can be exploited and easy profits can be made as the gap will surely be filled.
T1 is the main target in the trade and other targets can only be chased if the stock gives closing above T1 .
RSI divergence observed in Tata Steel Ltd that has been on a bull run for almost a year. Unsure if one should book profits.
* I am an amateur at stock trading and analysis. My word is as good as a horse on mushrooms.
Gave a buy setup post breakout from CRITICAL ZONE and achieved the targets highlighted..
Achieved the target-1 and the remained in consolidation for whole day..
After Buying entry it has given 6+ Points Profit..
👉 Stock 2- #TATASTEEL
👉 Sector - METALS
👨🏻🏫 Analysis Timeframes - Hourly and 15 min (Intra)
🎯 Commentary - Stock is in uptrend in Hourly timeframe and has given an IMPULSIVE UPMOVE then it is able to close near days High & on Yesterday it broken the important resistance of range High 1415 Level
15 Min Trend is Bullish and it also is able to close near the Day's...
