TATASTEEL trade ideas
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.
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TataSteel - Elliott wave analysis - 5th waveIt is in 3rd of 5th wave in impulse sequence up started from 1050.
Flag Pattern in Tata SteelFound out a flag pattern in Tata Steel and almost BB squeeze breakout. Price Target from here should be 1736 if it gives a break out on Monday and Time target should be around 3 weeks. Would love some insights on this
Tata Steel - Flag pattern breakout with good volume in 1W TFChart is self explanatory.
Don't invest and trade blindly.
Tatasteel....still bullish ??With steel prices firming in china commodity market.
Tatasteel likely to been bought into every decline...
currently 1183-1185 remains a hurdle to cross for more bullishness.
Like.... Share.. Follow...
TATASTEELS CRITICAL LEVELSConsidering the building domestic demand and china factors, it appears this one is in a downward slopping consolidation which i feel is good since it may prevent further downward fluctuations. As it appears to strengthen in a uptrend, though taking positions not recommended. Increasing market demand with Covid influence and further lockdowns will take it to new heights in coming months.
Buy Tata Steel for Target of 1200+Tata Steel is at crucial Demand Zone. It has shown resistance around 1130 Levels. Given the Past Price action we can see the stock crossing 1200 Levels soon
Tatasteel coming back to 200 Moving average in 2 daysTatasteel coming back to 200 Moving average in 2 days
Target put at 200 ma line.
Tata steel bullish flag and symmetrical triangle breakoutTata steel broke bullish flag in day time frame and symmetrical triangle in 15min time frame... strong bullish signal.. targets are mentioned in chart
[Intraday] Tatasteel Bullish Flag Long bet Buy if breaks
it is retesting the resistance which is acting as a support now !
Note :-
Entry - At the break of mentioned candle's low/high
Stop Loss -
In a Short Trade, I always use Previous Candle High ( PCH ) as a stop loss while entering the trade. Sometime I might use smaller tf SL & trade in 15M or 30M tf which I'll mention. Vice Versa for long trades
Trailing Stop Loss ( TSL ) - Mostly I trail stop loss by PCH as price falls . I exit as PCH breaks & vice versa
Use of PSAR indicator as TSL :- TSL get's hit in trend following due to noise, In such cases I use PSAR to be in trend & exit if PSAR direction change ( PSAR : Parabolic Stop n reverse )
You can use any one of above mentioned or your own way to manage risk
Time Frame :- I take ~ 90% of my intraday trades in 15m tf. Where my analysis might come from higher frames like W , D or 1hr chart pattern which will be mentioned.
Target :- I do set target line based on support / resistance slightly above/ below it . Please pay attention to it
Tatasteel Short term Long analysisBullish view on tata steel , as volumes have jumped in heavily, we can expect the targets as shown on the chart. Definitely buy on dips.
Trade Wisely And Smartly.
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.
Tisco........ Ya khiscoVery weak chart setup........
1000 PE looks lucrative.
980-960 coming soon.......
enjoy the trading levels.
TATA STEELImportant level for tata steel is 1094~1095 if sustain above these levels then watch for target 1133 ( 20th June 2021 )
