TATASTEELIf you want (price action) of any charts then drop the stock keyword in the comment section.
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Trade ideas
Tatasteel Potential Triple Bottom Formation Technically on the daily charts we see major support on the downside @ 1060 levels, whereas minor resistance on the upside is capped around 1210/1225 levels
If breaches minor resistance on the upside and closes above it, we may see fresh breakout and TATA STEEL can Lead towards higher levels around 1375/1429 and 1479 levels in Short Term.
Next major resistance @ trend line @ 1210/1225 level to watch.
Above views For Educational Purpose Only.
Regards,
MD
TATASTEEL - Trend & Levels for 14 Feb 2022TATA STEEL Trade Plan and Levels for Tomorrow..
Trade easily with BUY / SELL Signals...
We can expect TATA Steel to Open Gap up tomorrow. As per technical its BULLISH Trend and the Sentiment also POSITIVE.
CPR will be key Support to go Long.
You can refer the chart for Resistance and Support levels.
Happy Trading!!! :-)
Disclaimer : The idea is purely for Knowledge sharing purpose. Do your own analysis and consult your finance advisor before taking any trade. I'm not responsible for any of your profit / losses.
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Tata steelAlmost all metal stock are in good uptrend after long consolidation... Market leaders are the stocks need to keep on radar for long-term investment... Tata steel CMP: 1254 sl: 1000( small to mid term) 820(wcb) for long term. Target: 1550/1700/1850/2350..since this stock are FNO stocks they will not move in rapid speed but they will keep growing and make your portfolio strong and intact
Note: educational post
TATA STEELNote:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
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3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions...
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Keep an eye ladies and gentlemen. Cheers and Happy Trading
TATA STEEL is getting ready to touch new heights!“Trading is inherently risky. To my knowledge, no trade has a guaranteed outcome therefore the possibility of being wrong and losing money is always present.”
:- Mark Douglas(Trading in the zone)
1. Formed triple bottom pattern.
2. Given breakout of strong trend line.
3. Volume states that the greater the volume , the greater the force behind the. last days volume is increasing, and the delivery percentage is increasing , which suggests that investors are taking an interest.
4. New long ( increase in cumulative open interest and price of underlying stock)
5. At this current level one can expect minor resistance. If given break out of this level(1250) then if it gives pull back again to this level(1250), one can consider to go long.
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