Tata Steel has a huge call writing in 1300 ce. This can mean that the prices might not breach 1300 easily. Also, 1400ce has the second highest call writing volumes.
Tata Steel futures
CMP:- 1303.00
SL below:- 1280.00
Targets: 1375.00 / 1400.00+
Uptrend is prominent in the hourly chart and RSI too has shown a reversal. The results are expected to be really...
Share has come to demand 1 and it is also untested
Buy here with strict stop loss
Sell below crucial levels broken
Sell on rise if gets price rejection
That price action line (2H) was a resistance line and then became Tatasteel's support line and today, it took little support from here.
I am expecting this stock to go up.
A few weeks back I had been very bullish on TataSteel and my targets were 2000++
But this week and specially Today, TataSteel has wiped out previous 3 weeks of gains and a short setup has been formed as Bear Power on weekly chart has crossed Bull Power towards short side. Signals on weekly charts are much stronger than other time frames.
On Monday if it trades...
TataSteel has been trend in uptrend for a very long time and still its uptrend is intact and strong. For last few days it has been consolidating in a narrow range and I was waiting for its breakout. Today it almost had a breakout but closed a little bit shy of breakout that we can expect on Monday. Today most of the day it was trading at lower levels and during...
The frypan bottom occurs when small real body candlesticks slowly move downward and then move in a neutral to upward direction. The frypan bottom pattern is complete when a bullish candlestick gaps up from the rest of the candlesticks.
Tata Steel Going sideways for few Days and now ready to give BO Trade only if stock is giving Gap up or gap Down Opening Targets...
This analysis is done by using Price action, Chart pattern and Fibonacci levels. Tata Steel looks bearish for the next 2 weeks based on the below analysis
1. There is a trendline breakdown
2. The resistance level is tested multiple times. There should be a breakdown possibly from this level.
3. A cup &handle handle pattern is formed which is also a sign for...
Tata Steel (Future)
You can buy a future and patiently wait for levels as high as 800.
Tata Steel future is in an uptrend in the daily charts. I have been bullish in Tata Steel in a long time but it has slipped since then.
What makes me happy is that the candles have taken a support on 10 EMA at 681 levels and bounced back from there.
Data
650 is a major...
Tata Steel Futures
A very strong support at 679 was respected yesterday. The candle in the daily charts give us a bullish signal.
Uptrend is clear and I would like to hope that it will continue with a target of 718+ in short term.
Intraday support can be seen at 690 levels whereas support on closing basis can be seen at 684 levels.
Buy on dips for short term
#TataSteel after a 59.2% dream run, have broke out of the lower trendline of the parallel rising channel. RSI showing bearish divergence. If this early weakness converts to profit booking, then stock can give a decent retracement. 23.6% = 591, 38.2% 554.
