Tatasteel_short
Tata Steel - Halt the rally and Correction time !!!Steel Stocks have Run a lot and now its time to halt the rally.
Big Bearish RSI Divergence on daily chart will do it for us.
One should look to take profit at these levels.
My targets are 585-590.
Invalidation is daily close above 730.
TATASTEEL - Bearish H&S pattern (intraday/very short term trade)This analysis is purely based on price action & chart patterns
The analysis is on 15min TF hence target can be achieved in intraday trade or in couple of days
Trade strategy is explained in image itself. Dont run after the price.
Always plan your trade & trade your plan
Keep trailing SL accordingly once in trade
Trade at your own risk and money management
Feel free to comment for any queries & suggestion
TATA Steel near to channel resistance - Sell Call for level 440#TATASteel is in downtrend in long while in uptrend in shot and following the Channel Pattern. Forming the Higher Low and lower low pattern on chart.
Level 440 has highest built-up of OI and OI is increasing on CE side.
Sell the Call option for Strike Price 440 or above once stock will near to resistance so you will get good premium.
(Disclaimer: This is only for educational purpose and paper treading. Learn and take advice from you financial advisor)
TATASTEELPP - Short setupTATASTEELPP
Reason: Supply MIP
Once the prices retraces back to 32 levels, dont miss to add some quantity.
TatasteelObservations for Time Frame : 5 - 7 trading sessions
Last Close : 323.85
Short term trend down
Sell below 322 ans also near 334 on rise
targets 314.2 (Strong bounce back zone)
breakdown below 313 Bears will be in control upto 303/297
Options Stretegy : 300 PE looks lucrative..
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TATA STEELOVERALL NIFTY METAL SEEMS TO BE IN DOWNTREND AFTER RESISTING THE HIGH , TATA STEEL COULD TEST POC SOON
VIEWS AND SUGGESTION INVITED
TATASTEEL - Medum Term - Target 1 494, target 2 - 433TATASTEEL SEEMS TO BE MAKING A TRIANGLE IN B WAVE OF A ZIGZAG CORRECTION. ABC LEGS OF THIS TRIANGLE ARE ALREADY COMPLETED AND CURRENTLY WAVE D IS IN PROGRESS. THE REAL TEST WILL BE WHEN THE PRICE REACHES 540. IF IT REVERSES FROM HERE, TRIANGLE IS A DEFINITE POSSIBILITY AND THEN TATASTEEL CAN BE SHORTED FROM AROUND 570 LEVELS WITH A STOPLOSS OF 590 AND A FIRST TARGET OF 494 AND 2ND TARGET OF 433
still long TATASTEEL @ 1h @ trading capability this 1st week `17This is only a trading capability - no recommendation !!!
Next week i`ll confirm or change my opinion about this SetUp :)
Buying/Selling or even only watching is always your own responsibility ...
Best regards
Aaron
long TATASTEEL @ 1h @ trading capability for this 52nd week `16This is only a trading capability - no recommendation !!!
Next week i`ll confirm or change my opinion about this SetUp :)
Buying/Selling or even only watching is always your own responsibility ...
Best regards
Aaron
