TATASTEEL TRENDLINE RESISTANCE BREAKOUTTatasteel breaking trendline #resistance
with good volume and rsi
breaking 152 will lead to further upmove
EDUCATIONAL IDEA
TATASTEEL trade ideas
TATA Steel Investing levelIn the context of the weekly timeframe, we observe a significant development: the breach of the 2021 trendline. Subsequently, the price has successfully undergone a retest, a crucial aspect in technical analysis. What adds to the bullish outlook is the presence of a bullish harami pattern at the bottom of this retest.
A bullish harami pattern is a two-candlestick formation where a small candle with a bearish close is followed by a larger bullish candle. This pattern often indicates a potential reversal of the preceding downtrend, as the smaller bearish candle suggests hesitation or indecision, followed by a strong bullish move.
Additionally, the Fibonacci retracement tool reinforces the positive sentiment by highlighting the 0.38 level as a significant support level. This convergence of multiple technical signals—trendline break, retest completion, bullish harami pattern, and Fibonacci confirmation—strengthens the argument for considering this juncture as a favorable entry point for a bullish position.
TATA STEEL LIMITED ( EDUCATIONAL PURPOSE ONLY )There is no guarantee in stock market and Nothing over week
STOCK TO STUDY (EDUCATIONAL PURPOSE ONLY, NOT BUY OR SELL RECOMMENDATIONS}
TATA STEEL LIMITED
Target: RS 152
CMP: RS 143.90
ENTRY RANGE: 142-146
STOP LOSS: RS 135
Disclaimer: I am not Sebi Registered.
Tata steel ready to fall till 126 and 119On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% ..
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Is Tata Steel an Ending DIagonal?Tata Steel chart - if we connect all the highs and lows since September, it can look like an ED or 'ending diagonal' pattern. The ED is a triangle pattern that occurs at the end of a trend and is marked as a-b-c-d-e in the direction of the existing trend. After wave e, we try to anticipate a trend reversal. This pattern will further confirm if the ED's lower line also breaks.
SWINGTATA STEEL- CMP: 138 (04/02/2024)
Hourly Chart (4 Feb 2024)
Key Study Points:
- Swing Trade
-Consolidation Breakout
- Strong Price Action
-Can Seen quick Rs 10-15 Movement.
- Keep SL of 133 and keep Trailing the SL.
Disclaimers:
This chart & study is for Educational & Learning Purpose. This shouldn't be construed as an advice to Buy / Sell / Hold. Pls consult your Financial Advisor before Trading / Investing.
Tata steel price projectionAny with volume it breaks that trendline then we can good price action in tata steel. Target open
TATA STEEL READY FOR BREAKOUTTata Steel Ltd.
SECTOR: Steel & Iron Products
TATA STEEL IS READY FOR ALL TIME HIGH AND CHART PATTERN BREAKOUT
Desh ka loha TATASTEELReverse head and shoulder
1st target 162
Second is around 224
Note: Only for educational purpose
Cup and handle + Flag pattern Target of 162
On daily chart, there is pattern formation for cup and handle plus flag pattern which is showing the same target price
CHANNEL PATTERN If breakout 143 level or channel breaks then the good movement for the upside of this stock
TATA STEEL looking good above 152As we can see a weekly chart of the stock named Tata Steel which is going to make a new high in coming week, all technical indicators are on positive side, so Metal Sector will make new high, one can look for TATA STEEL in cash for a target of 180 and 200 in coming week.
Tata Steel Ltd. looks good on weekly chart...Tata steel ltd. looks set for an up-move as it emerges out of multiple bases.
Close above 140 would create a positive momentum.
Strict stop loss at 5-8% in case the trade doesn't go as plan.
PS: Not a buy/sell recommendation.
Short-medium term BullishCurrently at 143 level which in my view is acting like a resistance on Fibonacci level.
If the stock price is able to cross this level, which in my view it should, then 143+ is a good entry point for a short-medium term trade.
Fundamentally this is a great stock as well, so no harm in holding for long term. 170 also possible in long term.
Target: 154
SL: 134
Tata Steel: A new cycle to startAs we all know metals and some minerals stocks work in cycles, as per chart and price actions all metal stocks are ready to fire up again, and from all those Tata Steel is a good name to bet on.
current price is 142. we can add up to 136
with SL of 128. this can reach 180-200 in the next 6-8 months.
TATA STEEL SHORT TERM VIEWTATA STEEL
KEY RESISTANCE LEVELS (136/138).
The stock has been facing resistance at 136/138 levels multiple times. We saw a breakout candle on 2nd Feb.
Follow-up buying will lead the stock further higher.
Stock price if sustains above these levels Expected move upto 160 , 180 .
Buy tata steel Rsi/cci hidden bullish continuation divergence clearly visible on daily chart. Good result of the company out today.
