Triangle Pattern and Fib LevelStock Analysis: Tata steel looks like triangle pattern, braking that and closing below demand zone (marked green) expected to reach the target given on the chart. Let's see.
TATASTEEL trade ideas
Can i buy TATASTEEL ?the stock is moving you in a rising wedge pattern.
Looking at the MACD on daily time frame i think the trend is still +ve but the stock might give some correction or consolidate
The MACD divergence has turned negative.
Scenario 1 :
The stock will move in it's rising wedge pattern and eventually breakdown and move towards the 23.6% retracement level.
This can be a good buying opportunity
Scenario 2:
The stock will break its all time high and will continue to keep moving higher.
TATASTEELBuy above 740 when 15 minutes candle close above 740 than enter @9:32 for buying
Sell below 728 when 15 minutes candle close below 728 than enter@9:32
Only learning and educational purposes.
As I already discussed that sell below 753 and our all target done .
TATASTEEL viewA bullish flag patter breakout now closed @775 next big target is 840 if not break 720 level
Broken Wedge and retest doneTATA steel broken supply zone as long stays above supply zone, expected target marked on the chart.
Let's see..
TATASTEELTATASTEEL as shown in the chart it will test once of the trend line @695 than continuous it's uptrend
View on Tata Steel Ltd Based on Elliott Waves...
Tata Steel is currently trading in wave 5. When we see internal counts it is forming wave (iii). As it is wave 5 the internal structure should be 5 waves. Expecting more upside. Targets I am looking for ....781/835 and finally 982. Once it is done we may see sharp correction.
WealthyWaves is sharing this chart for study purpose only. For any question one may call 9822729131
Tata Steel Views.Although broader markets are falling apart in short leg, tata steel looks controlling it self in a daily support zone. If broader markets starts performing well again, I feel tata steel will perform well.
Views are personal, not any kind of investment or trading advise.
Tatasteel short , may hit 663- 635 in coming daysMy views only, study purpose not any trading or investment advice
Thanks @AMGO_Markets slowly learning from your charts... Still am a novice trader
Head and shoulder 1D Head and shoulder pattern breakout in jindal steel stock today
Keep tata steel in watch ..
Descending triangle on TATA STEEL Hi Traders,
I am Bearish on Tata steel for tomorrow Forming a Descending triangle and consolidating for three days inside it.
1st Tgt-- 664
