TATA STOCK - TATASTEEL📊 Script: TATASTEEL
📊 Sector: Steel
📊 Industry: Steel - Large
Key highlights: 💡⚡
📈 Script is trading at upper band of BB.
📈 MACD is giving crossover .
📈 Double Moving Averages are giving Crossover.
📈 Right now RSI is around 62.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 155
🟢 Target 🎯🏆 - 167
⚠️ Stoploss ☠️🚫 - 150
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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Happy learning with trading. Cheers!🥂
Market insights
Long Trade in TATA STEEL.NSE:TATASTEEL
Good opportunity to invest in TATA STEEL.
Best Buying Range : cmp@117 to 120.
Stop Loss : Below 106.
Targets : 124/137/150+++++
Reasons to Buy:
Breakout of symmetrical triangle pattern.
Good support from the long term Trendline.
Good support from the 200 DMA.
Good Risk to Reward Ratio.
Good PE ratio of 16.
Thanks
Note: This is just an idea, Kindly trade at your own RISK.
tata steel cup and handle & ascending wedge- tata steel has formed sup and handle and ascending wedge pattern on daily chart
- if broken the monthly resistance R1 the stock may move further
- at present the stock is within monthly narrow range
- expecting the cup size movement at upper side
It is just a view, please trade at your own risk. I'm not SEBI registered adviser.
Swing Trade in Tata SteelHello everyone👏
I hope all the information I have provided is useful to you.
## In monthly TF
*** HH & HL formation
*** it's uptrend with taking support of trendline
*** bullish candlestick
*** momentum upside, volume is also good
*** stock has broken 2021 high..
*** resistance 166 & support 146
(Pivot levels)
*** price is above all ma
*** in weekly TF also same scenario, with a good rounding bottom
All information given is for educational purpose. No buy / sell recommendation.
Thank you🙏
Tata Steel Analysis!Tata Steel Daily Analysis
Symmetric Triangle Pattern Formation in Tata Steel
Tata Steel has made Symmetric Triangle Pattern. I did all analysis on the daily Timeframe chart and also metioned Projected profit over there. Symmetric Triangle Pattern is a continuation pattern. So i am waiting for the clear Breakout / Breakdown . As price gives Breakdown / Breakout we can initiate our trade in this way.
Keep an eye on Tata Steel and wait for which side it will give Breakout / Breakdown!
Tata Steel Positional LongDate : 02-03-2024
Buy Tata Steel above 153
Target of 163, 183, 207, 232
SL 122
Strategy : SBO + RSI > 60 + EMA above 20 & 50
Duration few weeks
Please consult your financial advisor before investing
All research for educational purposes only.
Stock is ready to cross past barriers with good volumes






















