TataSteel Breakout on weekly and daily charts can go long now.Buy with a target of 1530 by July '22.
Breakout of a long term weekly trend line try to buy near the trend line and good risk to reward ratio.
Exit if it falls below 10% from trendline.
TATASTEEL trade ideas
tata steel forms ascending triangle near Resistancetata steel forms ascending triangle near Resistance forms evening star need a conformation to short the stock below 1267
TATASTEEL SELLbreaking the level of resistance with a stron green canddle reaching it peek . and now itll com down again to test the level again to see if it strong enough to become a support to lunch a new trend going up
TATASTEEL, retrace for increase due to /CL price are high.TATASTEEL, retrace for increase due to /CL price are high.
Tata Steel Important resistence breakoutBroke resistence with good volume we can take a intraday trade or we can take a short and long positions as well.
this is just for educational purpose don't go in any trade without proper risk management
All steel sector stocks rocking - not sustainableAll steel sector stocks are rocking. All crucial rawmaterial like coking coal and other coal prices rocked from USD 60 levels to USD 300+ levels, still the stocks are rocking. Better be light with these stocks, as increased steel price would not obsorb end user buyer. Expected a great slow down, going forward next two years.
However, pls take informed decision at your risk. Observation is for study purpose.
Good Opportunity To Short Tata SteelTata Steel is forming a head and shoulder pattern and if it fails to break 1250level we can definitely get a opportunity to short.
Only for educational purpose. I am not a SEBI registered individual and I will not be liable of your losses if any.
TATASTEEL - Long viewThe stock has crested a good base at the level range of 1040 levels.
As you can see the stock has taken support around this area and moved upwards.
It reached a high of 1534 levels before crumbling to huge selling pressures.
The stock is trying to make its way back to the top.
I have presented my views on the chart with levels that can help you take your trades.
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TATA STEEL Monday Intraday Trade PossibilitiesTata Steel is moving under a triangle shape. No major move expected. But if it break the triangle base then there will be good shorting opportunity.
My View for shorting : Enter after retracement
Tata Steel on 15 min time frame Tata steel is facing a continuous resistance as can be seen on the image . So good for intraday if its breals the level with a good volume and its important for it to take support at 200 EMA.
(ADVICE)- Market is sideways nowadays so act accordingly , if market is also going up and showing signs of going up then it may be more accurate trade.
TATA Steel BreakoutThe stock has broken out and retested, therefore may undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby.
Risk Reward Ratio - 2:1
SL is placed below support zone & the lower trendline. The target is placed near resistance.
TATA STEELHello and welcome to this analysis on TATASTEEL
After consolidating near 1050 it gave a sharp bounce back within a corrective structure that went onto test its falling upper trend-line.
Now as long as it does not sustain above last THURSDAY high there is a strong probability of resumption of its downtrend in the Z leg of the complex WXYXZ it has initiated from its high.
This down move could take it to 1075 and if that does not hold then 875-900.
TATA Steel and other metals can thriveTata Steel CMP 1254 is giving a solid break out after forming a sort of triple bottom near 1063. The immediate targets for Tata Steel will be 1300, 1346, 1376 and 1426 in a long run. Maintain a stop loss at closing below 1060 levels. EPS of the stock is consistently growing. After giving a bumper result the stock is still trading at PE of 4.1. RSI of the stock is showing strength and delivery percentage of the stock is also rising.
TATASTEEL ANALYSIS For Swing TradersTrendline Breakout Trade
CMP: 1254.45
Upside Targets: 1340-1355, 1410-1420, 1460-1472, 1510-1520
It will retrace most probably and you can make a fresh entry but if it rises then you can enter above 1260
TATASTEEL LONGTata steel breaking important resistance zone and trading above the trendline as well.
Good to go long in this stock now with 100 points SL and 300 points target..
R:R :- 1:3+
Trade safe. Manage risk. Be profitable.
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Disclaimer :- This is just my view. Please analyze charts yourself and then decide to take any trades.
Tata steel-BuyBuy Buy.
Its target I have shown in the picture. Thank You.
Disclaimer: Don't just blindly Trade or Invest, learn and then trade. Manage your risks properly.
This analysis is purely for EDUCATIONAL purpose
TATA STEELHello and welcome to this analysis on TATASTEEL
From the recent highs after a tremendous rally for around 15 months TATASTEEL reversed and has so far shown all indications of a complex corrective within a falling channel.
After completing a WXY in end NOV near lower channel it bounced back to the upper end of the channel but in a corrective structure till mid JAN and then dropped sharply.
Now going forward if it holds above 1085 it might once again attempt a retest of the upper end of the channel near 1225-1250 to complete an X wave and from that level it could resume the last leg Z of the complex corrective till 900.
Key levels to be watched 1065 if breached now then bounce would be ruled out & 1300 which would negate the Z leg of the complex corrective.
Tata Steel | Longterm and Short term Viewcurrently is at local maxima. so sell.. buy on dips is applicable.. levels are mentioned in the chart
Tata Steel Intraday Strategy for 10/02/2022Tata Steel Intraday Strategy for 10/02/2022
Buy above : 1246.10
Sell below: 1207.50
Tatasteel good swing trade,keep an eye.Tata steel at very crucial levels, If it break the triangle resistance then it will fly to it's all time high. But it is not triggered yet and might be triggered in two or three trading sessions. But on the other hand if it fails to break this resistance then it will test its lower support which is great and good for sudden bounce.
So keep an eye on this swing trade. Trade as per your risk and manage proper risk reward ratio. Thanks.
