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 ||
Tatasteel
TATASTEEL - Might get weakThe stock was on the loser list today.
The recent price looks weak and it can get weaker in the coming trading session if went and sustains below 1090 levels.
The Next strong support I see is around 870 levels, approx 20% lower.
Could be a good positional trade if sustains below 1090 and could be trailed if moves as per the analysis.
TATASTEEL LONG INTRADAY 14 JUN,2021Dear trader,
If u look at the chart of TATASTEEL (analysis based intraday only) the TATASTEEL Buy at 1160 and Target at 1182
Best Buy at 1149.
Our Best Buy is based on high quality research and when the instrument reaches this level , it’s a jackpot trade.
Best Buy level might be executed or might not be executed.
The chart clearly indicates Bullish Trend you can also see the candle stick patters for more indepth analysis.
In Intraday most important thing is to enter and exit points.
Our signals are based on analytics, algorithms, mathematical derivatives.
Always be a responsible trader, kindly trade only when you have maximum opportunity in the market with minimum risk and with keynotes like data, analysis and proper strategies.
Kindly message us for strategies and analysis
TATA STEEL ANALYSIS 13 JUNE 2021STOCKS NAME:- TATA STEEL
Chart pattern : ascending Triangle breakout
after made a high of 1248 we saw some profit booking in Tata steel.
1146 level was a strong resistance for tata steel now tata steel has given breakout 1150 level and also close above with high volume .
Could be good trade if sustain above 1145 level .
Target 1: 1200 Target 2: 1240
Stop loss : 1136