TatasteelMean reversion happening on bigger time frame.
more selling from here may take it to 135 120 level
stop loss could be 160
HWHG trade ideas
TATASTEEL 1D TFAs discussed in the previous post NSE:TATASTEEL was moving around a trend line which it has broke down now. The stock could be traded with strong confirmations only.
We have discussed this more on our previous post. You can view the previous post by clicking the attachment below this post.
Disclaimer:- This analysis is only for educational purpose. Please always do your own analysis or consult with your financial advisor before taking any kind of trades
TATA STEEL 1D TFNSE:TATASTEEL has been respecting a trend line for a very long time. We've discussed about this in our previous posts. The stock has formed a good bullish candle showing signs of possible bullish movement. A R:R of 1:1.5 can be traded in this trade. As the volume is good and supporting our audio. The possible of winning this trade is more.
The link to my previous post is given below where we've discussed about the consolidation. You can check the post for reference.
Disclaimer:- This analysis is only for educational purpose. Please always do your own analysis or consult with your financial advisor before taking any kind of trades
Perfect example for Resistance become supportGood to trade with bullish view once confirmed with price action.
Taking SupportWhen it breaks 151, it will rise to 158, followed by 163 and 170, indicating that it is receiving support.
TATASTEEL - 15m TFNSE:TATASTEEL has formed a clear support line ( Trend Line) with multiple touch points, as the month TF didn't have any break of structure(BOS) on the sell side, the market is still considered to be in uptrend. Moving down to the 15m TF the market has a resistance with multiple touch points and if it breaks the resistance zone with a good volume a long position could be expected.
Disclaimer:- This analysis is only for educational purpose. Please always do your own analysis or consult with your financial advisor before taking any kind of trades NSE:TATASTEEL
TATA STEELThese are compelling reasons to consider a long position on TATA STEEL:
1. Strong Daily Support: When a stock sits on a well-established support level, it often indicates a potential bottom, reducing downside risk and creating a favorable risk-reward scenario.
2. Bullish Candle Pattern on Support Zone: A bullish candle at a support level can confirm buyer interest at that price, often signaling a reversal from that point.
3. Strong Fundamentals: With solid fundamentals, Tata Steel can be more resilient during market volatility, increasing the probability of a sustainable upside.
4. Nifty Metal on Daily Support: If the Nifty Metal index is on support, it can give sector-wide strength, providing momentum to Tata Steel if the sector bounces.
Waiting for confirmation with a CHOCH (Change of Character) on the 1-hour timeframe is a solid approach. Here’s a structured plan based on that:
1. Wait for CHOCH on 1-Hour: The CHOCH would confirm a potential shift in market structure, signaling the beginning of bullish momentum. This adds more reliability to the trade setup.
2. Entry on Retest / FVG / IFVG:
• Retest: After the CHOCH, a retest of the breakout zone could provide an optimal entry, ensuring the breakout holds.
• Fair Value Gap (FVG): If an FVG appears within this structure, entering here could capture the shift in momentum at a lower-risk point.
• Imbalance Fair Value Gap (IFVG): An entry on an IFVG could further refine your risk-to- reward ratio, especially if market liquidity fills these gaps.
Tata Steel - 1D TFNSE:TATASTEEL has almost broke a trend line and started to move downwards. With Nifty in downtrend in 1D TF it is possible that this could stock could easily hit take profit.
Disclaimer:- This analysis is only for educational purpose. Please always do your own analysis or consult with your financial advisor before taking any kind of trades
NSE:TATASTEEL
Tata Steel with 1:2 bullish setup*SWING TRADE*
Buy TATAL STEEL
Above 157
Stop Loss: 145
Target 1 (1:1.5) 175
Target 2 (1:2) 181
_Duration 1-2 months_
Trade as per your risk-taking capacity.
The metal sector is showing signs of reversal, having retested the breakout level of 9493. Tata Steel also retested its zone breakout level and saw an increase in volume on the daily candle. An entry above the last day’s high has the potential to achieve a target of 1:2.
TATASTEEL for 45% (approx..) Potential GainTata steel is showing retest breakout... according to some theories RETEST STOCKS ARE THE BEST STOCKS...
All data is available in public domain..
CMP : 160
TG : 215
SL : 142
Stock's selection based on 5 Point Analysis:
1: Idea : Retest Breakout.
2: Support : Volume, Delivery & VWAP.
3: Technical : 9/21/55/200-EMA, RS>0, MACD, RSI & Super trend up.
4: Fundamental : PE, PAT, Industry & peer PE and sector performance.
5: Timing : Entry Timing on day chart.
Disclaimer : It is my personal view as a trader and for educational purpose only. Equity market involves risk .
Please consult your financial adviser before taking any decision.
Disclosure : going to Hold
Tatasteel Long Term AnalysisTrendline Breakout: Tata Steel has recently broken out of its trendline.
Current Position: The stock is currently sitting at a key support zone.
Potential Reversal: It's crucial to wait for a solid bounce from this support level to confirm a reversal.
Alternative Trendline: There is another potential trendline below the current support where the stock may also bounce if the current level does not hold.
Fundamental Analysis of Tata Steel
Market Presence: Tata Steel has a robust presence in both domestic and international markets.
Product Portfolio: The company boasts a well-diversified product portfolio, enhancing its market position.
Steel Demand: Recent performance has benefited from increasing global steel demand.
Input Costs: Rising input costs, particularly for coal and iron ore, could pose challenges to profitability.
Financial Considerations:
Debt Levels: The company has significant debt levels that need to be monitored.
Capital Expenditure: Ongoing capital expenditures are being strategically managed through expansions and operational efficiencies.
Investment Strategy
Confirmation Needed: Waiting for confirmation of a technical bounce is essential.
Monitor Fundamentals: Keeping an eye on fundamental factors will be prudent before making any trade decisions.
Stock in DEmand Zone: Tata SteelTataSteel is trading in the demand zone of 150 levels.
If it takes support around 20 EMA we can expect next levels like 155, 170.
Long term target: 210.
TATA STEEL - When Waves are Messi don't try to be a GOAT. Tata Steel is in this Upward sloping Channel since June 2022 all the rise looks messy means all pullbacks have over lapped with previous rise so instead of forcing Elliott Wave we will try to study it with simple technical approach.
We have drawn a trendline connecting lows which has held 4 times & which was also 50 Week Moving Average so buyers are happy to go long at 50 WMA & this trend line support.
Supply comes from parallel channel of this trendline so looking at his chart risk reward looks attractive for buyers as of now.
Weekly close below 147 will be sign of bulls losing control as of now longs looks good for short term to medium term view.
I find people marking everything as impulsive or corrective but when you cannot spot a clear wave structure better to avoid the stock if its low volume or KISS (Keep It Simple Stupid) strategy works best.
Tata steel | near LTS | Favourable R2R ratiobuy at 160
Average at 140
Average price: 150
SL 134
Target 183
Upside: 183/150 = 22%
Downside = (150-134)/150 = 10%
Risk to reward : 2.2
TATA steel Long term analysisTata Steel has shown a significant technical breakout, successfully crossing a strong resistance level. The stock has already made an impressive 7% move, indicating strong momentum.
While the current price action suggests potential for further upside, with a possible target of 184, investors should consider their time horizons:
Long-term perspective:
Entry at current levels could be justified for those with a long-term investment horizon.
The breakout and strong momentum support a bullish long-term outlook.
Short-term trading opportunity:
For short-term traders, an entry at current levels could be considered.
A prudent stop-loss could be placed at 162 to manage risk.
This allows for participating in potential further upside while protecting against unexpected reversals.
As always, traders and investors should conduct their own due diligence and consider their risk tolerance before making any investment decisions. Market conditions can change rapidly, and past performance doesn't guarantee future results.
TATA STEEL | W | Entry 171+ | Target 227+ | stop loss 150 TATA STEEL ( NSE )
Breakout Retest done, now ready for big upmove.
please trail strict stop loss.
This recomandation is only for analysis purpose.
Tata Steel - bullish momentum going on!!!Hello 👋
* Stock is in uptrend.
* Price is steadily going upside with the support of trend line.
* Currently price in channel.. atleast upside trend line can be coming target
* Rounding bottom breakout & retest done..with again strong upside move
* Volume increasing since few weeks.
* Momentum inclined
* Stock is in strong hands= Mutual funds+ FII holding
* Latest news of 1.25 billion investment related to greener steelmaking ...gear up strong Move for stock
* Coming target of 172 - 180, can be broken ATH.
* Price & rsi having opposite diversion
It's my view plz DYOA. No buy or sell recommendation 🙏
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Thank you 😊
Buy Tata steel round bottom breakout retest completeNSE:TATASTEEL Round bottom breakout strategy
Retest complete after round bottom breakout
Weekly chart
Big green candle formed at retest level
Volume rising
Stock is in uptrend
Do as directed in the chart
This is not the trading recommendation or advise 🚨
Do your analysis before taking any step 👍
Tata Steel Swing Idea (Long)Tata steel might give breakout due to following technical reason's:
1. Double bottom formation
2. Trading above 200 & 20 EMA's
3. Symmetrical Triangle formation
4. Swing Low's are not broken
5. On Monthly pin bar formation, weekly double
pin bar break out on progress
(Note: Author not responsible for anyone profit or loss, nor a sebi registered RA, this only for educational purpose. Please do your own due diligence before taking any trades.)
TATASTEEL Support & Resistance
#TATASTEEL
Current Price: The current price is 166.55, showing a recent uptrend. Support Levels:
Around 145-150: This area served as a key support level in recent months. Around *160: Prior support and resistance levels clustered around this zone. Resistance Levels:
*170: The stock faced resistance here before declining in previous rallies. *175-180: A major resistance zone, based on previous peaks (March, June). Buy Entry: Consider entering between 160-165 if there is a pullback to this level. This zone aligns with prior support, and buying on dips is safer if the uptrend holds.
Sell (Profit-Taking): First Target: 170-175: The stock may face resistance around this level. It is ideal for taking partial profits.
Second Target: *180: If the stock breaks the *175 resistance, *180 could be a solid second target.
Stop-Loss: Place a stop-loss around €150-155, below the recent low, to protect against downside risks.
Hold Decision: If the stock maintains above €170 with increasing volume, it might be worth holding for a further breakout beyond 180 for extended gains.
TATA STEEL 1HRINTRADAY TRADE
- EARN WITH ME DAILY 10K-20K –
TATA STEEL Looking good for Downside..
When it break level 166.57 and sustain.. it will go Downside...
SELL @ 166.57
Target
1st 165.74
2nd 164.72
FNO
TATA STEEL OCT FUT – LOT 5 (Qty-27500)
TATA STEEL OCT 172.5 PE – LOT 1 (Qty-5500) – PRICE (8.15)
Enjoy trading traders.. Keep add this STOCK in your watch list..
Big Investor are welcome..
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Tata Steel Short Term TradeA Breakout through triangular pattern is visible
with a break of a strong resistance level of 156
there is a surge in vol and atr on breakout
Thus, for a short term trade,
tgt 165, sl 154
Tata Steel Ltd - Breakout OpportunityDate : 26-Sep-2024
LTP : Rs. 165.61
Resistance Levels: (R1) Rs. 184 --> (R2) Rs. 210
Support Levels : (S1) Rs. 147 --> (S2) Rs. 142
Technical View:
• NSE:TATASTEEL is in strong primary uptrend and was recently going through it's secondary downtrend within primary uptrend.
• After touching the high of 184.60 on 18-Jun-2024, it has retraced 23% to 142.35 level.
• NSE:TATASTEEL has breakout from it's secondary downtrend with higher than average volume. Breakout is also supported by increased volume in last few sessions.
• NSE:TATASTEEL is trading above both 20 DMA and 50 DMA since last few sessions.
• RSI is trading at 70.29. MACD is trading at 1.38. Both MACD and RSI are showing positive divergence.
• Looking good to start a new swing from here.
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Disclaimer: I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market. My ideas are published for learning purpose only and are available to everyone at no cost/charge.
