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Tatasteel

Tata steelTata steel stock is in wave 5th of wave 3rd of the recent impulse till it ends, on daily charts, the most recent rally is ended in wave 3, as per theory, both rsi and macd are showing bearish divergence in daily time frame, and this can also be seen in poor volumes and participations in metal stocks during the most recent rally, this is typical of wave 5 of some degree, as per scenario wave 4 depth of correction is marked near 1070 to 1100 range. it sounds hard but who knows we can go there if wave 3 comes to an end. Key Levels are Mentioned on chart Wave Structure and Volume Rsi bearish Divergence in daily time frame Macd bearish divergence in daily time frame Creating bkt in daily time frame Waiting for confirmation Disclaimer I am not sebi registered analyst My studies are Educational purpose only Please consult with your Financial advisor before trading or investing
NSE:TATASTEELShort
by RK_Chaarts
2
Rally in TATASTEEL can be ridden till 1500+ levelsTATASEEL has been on a good bulllish run for a while now. Been trailing it from the time it has crossed the 1000 levels. Once it broke that psychological level, it never even went close to that again. This shows great bullishness in the stock and therefore we can expect further momentum. Earnings to also be posted soon by the company. Near term target 1500. Stop Loss can be the last intraday swing 1367. CMP 1436. Cheeers and let's hope we trail 1500 this time!!!
NSE:TATASTEELLong
by Rohan_Ghiya
TradingWise Supply and Demand IndicatorTradingWise Supply and Demand Indicator is based on the Price Action candlestick patterns to identify the Supply and Demand zones in the charts (Areas of liquidity). It works on all Timeframes and Asset Classes. This Script helps the traders to identify the demand and supply zones with identifications on the candle stick patterns indicating the origin of the Strong move. Also it generates Alerts automatically once the supply or demand area is formed thus by reducing the hours spent on the charts and reducing the missed trade Opportunities as well. This Indicator is extremely helpful for those on Full time Jobs/ Busy Schedule. Buy/Sell Alerts by Indicator: Green Diamond + DZ Sign ---> Indicates the Demand Zone Formation. Place Buy Trade upon Entry Criteria Met Orange Diamond + SZ Sign ---> Indicates the Supply Zone Formation. Place Sell Trade upon Entry Criteria Met
NSE:TATASTEELEducation
by UrbanTradingSystems
6
What Next In TATASTEEL NSE:TATASTEEL We are going to see a weekly chart of TATASTEEL and there is nothing much to explain here about trend. If one can look at moving average it’s clearly indicating an uptrend. Only concerned for TATASTEEL was consolidation/Profit Booking we have seen from 10th May 2021 after making lifetime high of 1218. In last week Tata steel did show good bullish trend and taken out previous Lifetime high of 1218, week has closed near its high without any major wick for weekly candle, also, we have seen descent volume to this weekly candle which means good efforts for breakout. So, what is next In TATASTEEL? Well as per overall price structure we should see continuation of bullish trend in Tata steel with some pauses in between. As far as next targets are concerned we can prefer to Fib Extensions which are plotted on weekly chart of TATASTEEL. || Hari Om || || Ambadnya ||
NSE:TATASTEELLong
by PriceVolumeRider