TATASTEEL trade ideas
Tata Steel - Cup and Handle PatternTata Steel - Cup and Handle pattern and trying to cross near resistance. Can quickly shoot up
Tatasteel UpdateAfter break out tatasteel gone mad. But here it's come to first resistance area. 625.15 to 647.6 and RSI near to 80. Get ready to profit booking in upcoming weeks.
Trend change Prices are increasing in TATA Steel but volumes are decreasing , shows a possible signal of trend change . RSI shows wide divergence which also confirms the trend change . A resistance at 550 .
Sell for a profit target of 540/++ with a stop at 552.
TATA STEELTATA STEEL
CMP 492
The Giant is heading for a very strong resistance zone 506-518 if able to break can do wonders
Support lies at 440
keep watch
(entry exit as per ur R:R)
TataSteel Long Term viewTata Steel Ltd given Falling Wedge Break Out.. Targets Mentioned on chart.. its a long term view approx 2 to 3 year..
Tata Steel - Intraday Trade SetupTATA Steel CMP - 492.20
Looking bearish in higher time frame. One can go for Intraday / Swing Trade setup with the following entry, exit & targets
Sell at or Below 489.50 / Stop Loss 496
Target 1 - 485
Target 2 - 480
Target 3 - 475
Disclaimer: This is my view and for educational purpose only.
TataSTeel Brekaout Setupprice break here with very good volume
Entry : 420 - 435
Stop : 340
Target : 480 , 535 , 600 , 680,750
Tata Steel PreparationTatasteel is ready to go after more than 2 years long downtrend. Key level 428.85 according dow theory. In last week average volume are very high. The upcoming week tatasteel and cnxmetal index can break key level. Keep watching.
