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
Market insights
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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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.
TATA STEELStock :- Tata steel
Trend :- positive
Setup :- sideways breakout
Timeframe:- daily
Buy :- at current price or retesting support
Stoploss :- previous candle of breakout low
Target :- 10%
NOTE :- PLEASE CONSULT YOUR ADVISOR BEFORE INVESTING IN STOCKS WHICH I RECOMMENDED
Breakout from Ascending Triangle Pattern + Strong Reversal
Tata Steel is currently trading above a long-term ascending triangle pattern, which indicates strong bullish momentum. The stock has successfully bounced from the trendline support and is now approaching key resistance levels around ₹170. A decisive break above this resistance could lead to a strong upward rally, targeting ₹200 and above in the short to medium term. The RSI is trending upwards, suggesting positive momentum. Traders should watch for a breakout confirmation with increased volume to validate the bullish move.
Strong Buy in Tata SteelAs per harmonic Bat pattern, The B point breakout with high volume confirms that bulls entered into the market. Here , we can take long position by placing sl at C point. This is for educational purposes only.
Tata Steel for 25% gainDate: 24 Sept’24
Stock: Tata Steel
Timeframe: Daily
Tata Steel seems to be in Wave V of 5 which has a likely target of around 200 (25% from current price of 160) as seen in the chart. Volume is high and RSI is strong. Even if this price is achieved in next 3 to 6 months, it is a safe bet.
This is not a trade recommendation. Please do your own analysis.
Bouncing from a crucial accumulation zone with volumes.NSE:TATASTEEL Bouncing from a crucial accumulation zone with significant volumes.
147-157 Will be the Key accumulation zone, with an upside of 168 to 185 Zones.
The Metals Sector is in Favour With FED Rate Cuts and China Rate Cuts. Keep a Watch.
Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
Tata Steel - Breakout viewTata Steel :
Resistance turned support line breakout done
Sustaining 161 can give quick 5 percent move, immediate support at 158
Tata Steel Bull Call Spread !!! Amazing opportunityTata Steel after taking support on 50 DEMA has resumed its upward trajectory. Chinese central banks have decided to ease monetary policy by 50 basis points following the feds but fundamentally to support growth as economy has been slowing down. This is good news for global commodity markets because slow Chinese economy dumps commodity in the global market. Tata steel is likely to benefit with its recent capacity expansion. Price action supports this theory. One might position to benefit by employing bull call option strategy.
TATA STEEL STOCKNSE:TATASTEEL Tata Steel stock is the best support stable at 135 to 145 and can buy this stock once it stabilizes above Rs 170.
180 to 185 rupees will be the first target and 200 to 210 will be the second target.
Stoploss is one weekly candle closed below the trendline.
TATASTEEL SUPPORT & RESISTANCE For Tata Steel (TATASTEEL), the key support and resistance levels are as follows:
Support Levels: ₹119.25, ₹119.011
Resistance Levels: ₹120.9, ₹121.521
These levels can help you identify potential entry and exit points for your trades.
Short-term traders can look for sell opportunities around the immediate support level of ₹ or the support level of ₹ .
Medium-term traders can consider long positions around the resistance level of ₹ or the resistance level of ₹ .
Long-term traders can look for buying opportunities around the support level of ₹ or the support level of ₹ .
Tata Steel chart pattern after the correction. Tata steel has been completed its correction i.e. Expended Flat Correction. It full fill all the criteria of this pattern and now ready for fly. Anyone who is interested can buy with the stoploss of wave C.
TATASTEEL,29 August /Day 4 of 20 trading sessions /Live intraday
Long / 152.1
Target / 153
SL / 151.34
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TATASTEEL PULLBACK TRADE.Buy at cmp 152.
Add till 140.
Target 225+.
Stoploss 135 closing basis.
Holding period 3-6 months.
tatasteel shortstrong bearish candle accompanied by high volumes; hit resistance of regression channel and came back into channel thus confirming the channel
