Tata Steel
- We observe Tata Steel trading in blue channel from 03 May to mid July
- currently it is trading in mirror image red channel
- RSI is between 40-60
Tata Steel could likely be revolving in the red channel for September month
For Cash buying any dips towards 1245-1260 may be considered as good entry...
Tata steel may give a breakout on Monday.
target maybe 1394, but it soon touches 1365
and then may show a good uptrend
What is your comment on this
On the basis of 4h, 30min, 15min chart
Tata Steel 1384 - A powerful reversal bearish 'V' top pattern suggests,1365 will act as a trend decider for target 1410 or to 1309 on breakdown.
V-Pattern :
The V-Pattern is a powerful reversal pattern seen in all markets, all time-frames and in all instruments. The "V" pattern consists of rapid price action and may not be suited for all casual investors....
I am not SME on EWT. This is just a guess work. I have used Fibonacci to count waves . I am considering 3 rd wave as extended wave which ended near 4.618 projection of 1. As 3rd is exteded , so 5th May terminate within 0.50-0.618 of 3rd. If that happens then we may see price getting pullback to the bottom of larger 4th wave.
Disc : it's not an investment advice...
TATASTEEL : cmp : 1390.2
After the significant correction, it's reversing from the support level and trying to Break out.
Huge put writing seen at ATM strikes( F &O) .
Good accumulation zone 1380-1400.
Stock from current level might move towards 1560.
Good to grab on dips.
TGT may be 1442/1478
SL 1381 Dclbs
Positional TGT 1560
Sl 1358 Dclbs
Option Strategy :...
As we have seen nifty rejection on 20th august from lower levels can see the metal stocks helping nifty move up as banking sector looking weak as of now.
Look for price action near the trend line and after confirmation an upside trade can be taken.
Queries are in the chart.
When you enter/take any trade, you should know your stop loss, targets and duration to carry on with the trade. The direction of the price wont affect your capital if you have a proper plan about the trade. It will save your capital and will make you profitable in long run.
No one knows how long a trend will have strength, how many...
Stock trading ideas for Swing traders.
In the recent market crash there are lots of opportunity and thats what i an try to convey using the diagrams and some indicators
TataSteel #21.8.2021# had a big rally from 1000 level now corrected from 1540 to 1375 om single day. As per analysis 1375 is major support if that holds again big rally is expected.
NSE:TATASTEEL
Entry 1500
Target 1650 +
SL 1390
Time: 2-3 Week
Tata Steels Ltd is trading at 1500 and getting strong support on all lower demand zones , support is strong enough that price is never entering in the demand zone , It means big buyers are increasing lower buy price every time. Demand is strong and no supply zone to resist the price increase....
risk: Reward ratio is 1: 2
Rest as per Charts
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Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells “where” to act in “what direction. Unless it triggers, like, let’s say the candle doesn’t break the level which says “Buy/Sell if it breaks”, You should not buy/sell at...
![TATASTEEL: [POSITIONAL] TATASTEEL LONG BET](https://s3.tradingview.com/v/VzFyIyEE_mid.png "[POSITIONAL] TATASTEEL LONG BET")
