TATASTEEL trade ideas
Tata Steel to double your moneyTata Steel is showing perfect triangle pattern and at the verge of break out. Buy above 115 to make gains of 80-100 % within a 12-15 month time frame. Disclaimer- this is just for study and learning and all outcomes of investment decisions are solely investors responsibility.
TATA STEEL - TRIANGLE PATTERNTata Steel shows Symmetrical Triangle Pattern in weekly Time frame.Now lets see the price action gives breakout or breakdown.The Stock is already in downtrend and I think if it has to continue then there will be further breakdown of triangle.
Also ,Price is currently taking support on SMA 200 in Daily TF which is vital support. We can say the downtrend continues if price gives breakdown below 100 .
Tata Steel | Consolidating with a slight bearish undertoneTata Steel saw an upward trajectory since June 2022 lows but after facing resistance from the falling channel in Jan'23, it has become range bound with slight bearishness. Currently, at crucial support of 200 DMA at 102–103 which was also the Dec 2022 low, a breakdown can take the stock to 95 levels. Whereas bullish divergence in RSI (HL in RSI and LL in price) if aided by a consistent close above 106 can invite some buying interest and targets of 109–110 can be achieved.
Tata Steel should be a Multibegger stock$TATASTEEL buy this stock for long term this will be a multi begger stock, seven companies will be merged till 2023-2024.
1-TATA STEEL LONG PRODUCTS.
2- TINPLATE COMPANY LTD.
3- TATA METALIKS.
4- TRF LTD .
5- INDIAN STEEL & WIRE PRODUCTS.
IF YOU WANT TO BUY THIS FOR LONG TERM IT WILL BE THE GOOD OPPORTUNITY TO INVEST IN THIS STOCK.
6- TATA STEEL.
7- S&T MINING COMPANY.
Tata Steel should be a Multibegger stock $TATASTEEL buy this stock for long term this will be a multi begger stock, seven companies will be merged till 2023-2024.
1-TATA STEEL LONG PRODUCTS.
2- TINPLATE COMPANY LTD.
3- TATA METALIKS.
4- TRF LTD.
5- INDIAN STEEL & WIRE PRODUCTS.
IF YOU WANT TO BUY THIS FOR LONG TERM IT WILL BE THE GOOD OPPORTUNITY TO INVEST IN THIS STOCK.
6- TATA STEEL.
7- S&T MINING COMPANY.