Buy the dip sell on rise strategy for tata steelShare 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
TATASTEEL1! trade ideas
TATASTEEL just took support from 2H price action lineThat 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.
Short Sell Setup in $TataSteelA 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 below Today's low then Short TataSteel with SL as Today's High else wait for prices to hit below Today's Low.
Gann roadmap for TataSteel would be:
1297 1315 1333 1351 1369 1388 1407 1426 1445
Disclaimer :
Trading is never ever recommended as it is injurious to mankind. This is purely my study based on technical charts and for educational purpose only. Please do your analysis before taking any trades given by me. I MUST not be held responsible for any profit or loss out of any trades you take on our advice. All Disclaimers Apply.
Waiting for BreakoutTataSteel 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 last session in last one hour suddenly it picked up momentum and before anyone could understand its move, it had already engulfed last 10 Days of candles and closed above all these candles.
We can expect resume of its uptrend from next week onwards and targets are much much higher in this stock.
Gann roadmap for TataSteel for coming days are:
1464 1483 1502 1521 1541 1561 1581 1601 1621 1641 1661 1681
Disclaimer :
Trading is never ever recommended as it is injurious to mankind. This is purely my study based on technical charts and for educational purpose only. Please do your analysis before taking any trades given by me. I MUST not be held responsible for any profit or loss out of any trades you take on our advice. All Disclaimers Apply.
TATA Steel 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 can 1358 to 1400 for short term with Sl Below the candel Low.
If share Gaps Down can sell the share with SL 1249 On closing basis.
Inverted Cup & Handle pattern - BearishThis 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 downtrend
Below targets are determined based on Finonacci levels and Support & Resistance levels
Target 1 - 1054
Target 2 - 1008
Target 3 - 952
Tata steel tatastell 15 mini chart make double top with inside candle if break then intraday tg 1218 sl 1254
Tata Steel - 10 yrs trendline breakoutTata Steel - 10 yrs trendline breakout. Likely to hit 927 level soon.
Tata Steel FuturesTata 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 support with an Open Interest of 1,513,000 in 650 ce with possible short positions of 175,100.
Trying to analyse the upside, 700 pe is the only level with possible short positions of 119,000.
This shows us that once Tata Steel manages to cross 700 there is no resistance till 750 as there are 40,800 possible short positions.
Call writers are trapped at every level which will support prices to rise. The rise may be a very quick one but patience is must as we know how bad the metal index performed on the 12th of Feb.
Tata Steel FuturesTata 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
ChannelBO#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.
TATA steel fut 15 min Analysis Buy @ 368-370 Safe Players buyTATA steel fut 15 min Analysis
Buy @ 368-370
Safe Players buy @ 360-361
Target 365-370-375-380+
very safe Players can buy above 380 (15 min candle closing basis)
Target 385- 390-395-400+
SL 358 ( candle closing basis)
Tata Steel Futures Intraday/Short TermResistance
379
389-391( Important,Shorts Can be created if Bounces to this zone)
396-399
At Support Zone
Next 360-361
353
Tata Steel Futures Intraday support and ResistanceTata Steel Futures
Intraday support and Resistance
TataSteel ShortAfter a dream run, metal index showing first signs of exhaustion and TataSteel may lead the fall from front. Below VAL of 420 stock looks good to short on positional basis with hedging.
