All Time High Breakout and Retest Done - Huge Upside PossibleAll Time High Breakout and Retest Done - Huge Upside Possible
previous resistence now become support
Market insights
Tata Steel Monthly Chart Tata Steel
Monthly Chart
Tata Steel From 0 Fibo to 0.786 touch (Low 83 High 185)
From 185 ( 0.786 Fibo To 0.50 Fibo ) Low Rs 148
Next Upside Move Starts From 0.50 Fibo Levels To 1.618 Fibo Levels
Cmp Tata Steel 154 (as per 0.50 Fibo it comes to 148 ) SL 133 Tar 164,185, 213,263, 293
(Long Term Chart)
Tata Steels Date 22.08.2024
Tata Steel
Timeframe :Weekly chart
Remarks :
Weekly closing below 148 is weak
For longs, keep 148 as stoploss on weekly basis
or closing below 50 weekly exponential average
Regards,
Ankur
Tata steel +ve move expected Tata steel breakout and retesting completed now we can expect a upside move
EYES ON TATA STEEL (23% upmove expected)Entry :149.90
Sl :138.29
Target 1 :175
Target 2 :184
*** EDUCATIONAL PURPOSE ONLY***
Tata Steel Tata Steel
Black trend line support
Blue trend line break out and retest done
Buy 140-50
Long term Target 200-250
Educational purpose only
Tata SteelTata Steel :
Weekly:
-Stock is taking support at .618 Fibo Levels
-Trading above 50 MA and also at support of lower Bolling Bands
-Also at previous support levels
Daily:
-RSI at support levels
-Stock showing signs of reversal
-Can be entered for investments purpose or positional trade
Note: The above analysis if for educational purpose only.
-CA Diptii Saeth
NCFM and NISM Certified Technical Analyst
PhillipThe stock market as a whole is an exchange mechanism that helps investors buy and sell shares in publicly traded companies. Though you can visit the New York Stock Exchange (NYSE) and offices of the NASDAQ, these are just components in a broader marketplace. Trades are conducted mostly through electronic means between participants who are remote from each other. The mechanism is an excellent means for businesses to raise capital from investors. Additionally, analysts closely examine its traded prices for signals of economic strength or weakness.
Tata Steel Ltd. ( 25% upside potential )
Sector: Iron & Steel
WTF as we can see MTF & DTF structure bullish and price makes HH & HL pattern and now price in MONTHLY demand zone ( previous resistance) with RSI bullish divergence and bollinger band lower band support in DAILY TF.
LTF say 1H mitigation in DTF demand zone with RSI bullish divergence and bollinger band lower band support.
on DAILY TF RSI N BOLLINGER BAND also support the IDEA...
price may face resistance at 175-178 as DAILY supply zone as well as HTF supply zone....
on the other hand we PA moves against our anticipation, 130 level on DAILY closing basis act as stop loss...
so keep in mind and plan your trade accordingly...
Who's gonna trade with me for this trade IDEA let me know.....
TATA STEELTATA steel on fib 0.5 0.6 levels . high chances to took support. if support taken we see bull ride on this script
This is not financial advice. Just sharing analysis for educational purpose
AB=CD PATTERN REVERSAL IN TATA STEELHarmonic reversal pattern formed in tata steel. After touching the entry line, let's wait for one 30 min candle close above. This is for educational purposes only.
VIEW ON TATA STEELStock seems to be weak
Continously forming red candles
Stock below 200 days EMA
Target 142
Stop loss 154
I am just representing my views
For educational purpose only.
Tata Steel (Educational Idea)Tata Steel in time correction
Will pass the time in between range of 150 - 176...
Swing traders can grab the swing between these levels..
Long termers can add this gem from current levels..
Price action::
============
Looks like Head & shoulders pattern
Multiple shoulders on the left side..
Now right side shoulder formation in cards ....
Testing these support 158 make this levels very weak and if it breaks this levels may lead to fall of another 10 to 15 pts ...
But my strong feeling stock will not fall below 140
The uptrend has resumedTata Steel CMP 164
This is a shorter time frame chart. See how technically the stock is all set to sizzle. The outcome of the result is immaterial ,it is all factored in.
TATA STEEL LOOKS BULLISH ON THE CHART FOR THE TARGET OF 119As we will see in the above chart, after a long consolidation the stock has now broken the range and given an upside-bullish continuation pattern.
Now we are expecting an upside rally to continue in Tata Steel, Buy it around CMP(107.50).
The target of 114 and further to 119 levels in the coming days.
Support and stop loss below 104 levels on a closing basis.
Bullish on tata steelBullish on metal sector..risk reward is higher...
PRice at support level and once it sustains and closes above 50sma we can see good up movement.
Delivery percentage is increasing
Tatasteel ready to launchTatasteel (TATASTEEL) is at weekly support. The hammer candle on weekly supports shows a good positive sign to go long.
Disclaimer: Not a sebi registered... This is for educational purpose only.
TATA STEEL TAKING A DIP TO ITS DEMAND ZONEDetailed Analysis of Tata Steel Chart
Sector: Steel
Signal: BUY
Logic below:
TECHNICAL VIEW
- The price is currently above all the key moving averages, which typically indicates an uptrend. However, it is worth noting that the price is very close to the 50-day EMA, which can act as a dynamic support level.
Volume: 40.165M | Average Volume: 26.832M
The recent trading volume is significantly higher than the average volume, indicating increased investor activity. The presence of large red volume bars suggests higher selling pressure recently.
Relative Strength Index (RSI): 44.37
The RSI is below the neutral 50 level but above the oversold threshold of 30, suggesting that the stock is neither overbought nor oversold but is leaning towards a potential buying opportunity if it dips further.
Moving Average Convergence Divergence (MACD)
- MACD Line: 0.71
- Signal Line: 0.65
- Histogram: 0.08
The MACD is positive, but the histogram shows diminishing momentum. This could indicate a potential bearish crossover if the MACD line crosses below the signal line.
Key Levels
Support Levels
1. Immediate Support: ₹171.53 (50-day EMA)
2. Next Support: ₹170-168.80 (highlighted zone)
3. Strong Support: ₹150.69 (100-day EMA)
Resistance Levels
1. Next Resistance: ₹177.25
2. Strong Resistance: ₹183 (supply zone)
Buy Recommendation
Based on the current technical setup, buying Tata Steel near the current price level of ₹171.80 can be considered if it holds above the 50-day EMA of ₹171.53. The RSI and MACD suggest some caution is warranted, so a slightly lower entry point could be more favourable.
Suggested Buy Level
Buy Level: ₹170 - ₹168.75 (ensure the price holds above the 21 EMA)
Stop Loss (SL)
Stop Loss: ₹166 (just below the highlighted support zone)
Target Levels
1. Target 1: ₹177.25
2. Target 2: ₹183
3. Target 3: ₹195 (Fibonacci level)
Conclusion
Tata Steel is currently near a critical support level around its 50-day EMA. If the price holds above this level, it could provide a good buying opportunity with a favourable risk-reward ratio. Monitoring the volume, RSI, and MACD for any further bearish signals is crucial before entering a trade.
Summary
Buy Level: ₹170 - ₹168.75
Stop Loss: ₹166
Target Levels: ₹177.25, ₹183, ₹195
Tatasteel Bullish flag pattern breakoutTatasteel has good bulish flag pattern breakout. Above 133-135 closing can give good upside in the future. It should sustain or retest the flag top levels.
Tata Steel 162 Holding from 109 when its starting making HH and HL
Its on Retest you can look into it.
I am not SEBI registered
Tata steel long time buy158-160 Best Buy for long term, the support zone acting very well.
Volume is enormous, this indicates a upward trend move.
TATA STEEL: Technical and Fundamental BUYFundamental: Steel going through down cycle/margin improvement expected in 1QFY25
Analyst pricing the stock between 170 - 180
Technical: Stock at 9-month support line / RSI closed at 29, lowest in comps
I believe it's a low-risk pick as the entire industry trending similarly and can expect a return of 16% - 20% with a price tgt @180 - 200
