TATASTEELPP trade ideas
ENTRY INITIATED - TATA STEEL FOR YOUEverything is pretty much explained in the picture itself.
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Demand Zone in Tata Steel StockA demand zone in Tata Steel stock represents a price area where buyers show strong interest, leading to upward price movement. This zone is typically identified by significant buying pressure, often observed near support levels. Traders look for candlestick patterns or volume spikes within the zone for confirmation.
Monitoring these zones can help identify potential reversal points or entry opportunities for a bullish trade. Always pair demand zone analysis with broader market trends and risk management strategies.
Demand Zone in Tata Steel StockA demand zone in Tata Steel stock represents a price area where buyers show strong interest, leading to upward price movement. This zone is typically identified by significant buying pressure, often observed near support levels. Traders look for candlestick patterns or volume spikes within the zone for confirmation.
Monitoring these zones can help identify potential reversal points or entry opportunities for a bullish trade. Always pair demand zone analysis with broader market trends and risk management strategies.
Tata SteelTata Steel
MTF Analysis
Tata SteelYearly Demand Breakout 139
Tata Steel 6 Month Demand Breakout 124
Tata SteelQtrly Demand BUFL 114
Tata SteelMonthly Demand 129
Tata SteelWeekly Demand 120
Tata SteelDaily Demand DMIP & Cap 132
ENTRY -1 Long 132
SL 114
RISK 18
Target as per Entry 164
RR 2
Positional Target 272
Target Points 32
Recent High 184
Recent Low 114
TATASTEELNSE:TATASTEEL
One Can Enter Now ! Or Wait for Retest of the Trendline (BO) Or wait For better R:R ratio
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
TATASTEEL:NSE BULLISHFlagBO ATHRBC2Y-7M onDTF/WTF/MTF PositionalTATA STEEL Technical Analysis
Chart Pattern :
TATA STEEL has recently broken its ATH of 159 forming a 2Y-7M RBC on the DTF/WTF. Currently on a Pullback to form a Handle. The Handle Bullish Flag has also been broken on WTF. ENTRY on BO of WTF High 1st Week Oct24.
INDICATORS EMA :
The Price is Currently Trading above 9/20EMA, and 20EM crossed above 50EMA recently in DTF. STOCK EMAs are currently aligned in a ascending order 200 to 20 indicating a bullish Trend on DTF/WTF.
FIBO E :
After the Bounc-back from 50% FIBO Retracement Level since a week, Price is currently trading near the 23.6% FIBO Retracement level of 168 on DTF with Impulse uptrend and ChoCH indicated at 155 on DTF
Volumes: There is a uptrend in Volume on the Weekly Charts for2 Weeks after the 12 weeks Pullback.
TRADE PLAN
ENTRY -157 or Previous WTF High BO High Price
SL -141 or Monthly Low Close Price
TARGET 01-184 (17%), TGT02-222 (41%)
Hold For a Year or TGT 2
Keep in your Priority Watch List
Disclaimer: For Education/Reference Purpose Only, Trade at your Own Risk with correct position sizing and SL. Learn/Know and Review the Stock trading Technical Terminology. Check Verify the Financial fundamentals of the Stock and Seek Advice from a Certified Financial Advisor prior to Investing. Prefer Entry with 25% quantity recommended, Add in Tranches of 25%-50% as prices moves upwards
MTFA- Multiple Time Frame Analysis
DTF -Daily Time Frame
WTF-Weekly Time Frame
MTF- Monthly Time Frame
ATH-All Time High
RBC&H-Rounding Bottom Cup/Handle
BO- Breakout Close
EMA -Exponential Moving Average
FIBO R/E -Trend based Fibonacci Retracement/Extension
SL Stop Loss
TBD- To be Decided
CHoCH- Change of Character Bullish/Bearish
BOS -Break Out Structure
SWING/POSITIONAL Trade
WAIT AND BUY AT ZONEENTRY
- lines marked below is potential reversal zone ( PRZ)
- entry is strictly inside the zone
- look for buying confirmation in smaller time frame ( 15 minutes preferred )
EXIT
1. target
- mark fib retracement from C to latest swing low
- TGT 1 - 0.236 fib level
- TGT 2 - 0.382 fib level
- TGT 3 - 0.5 fib level ( preferred target )
2. SL
- candle close below (PRZ)
- if u didn't get confirmation inside the zone , ignore this pick
- if candle close is below zone , this pattern becomes invalid . IGNORE THIS PICK
- RE-ENTRY can be done , if u again get buying confirmation inside the zone
Tata Steel Ltd Stock Review 2024: Financial Insights & TechnicalTATASTEEL
Financial Insights: Tata Steel Ltd’s Current Market Position
Understanding Tata Steel's financial metrics can help you evaluate the stock’s true value and growth potential. Let’s dive into some key figures:
Market Capitalization: ₹2,00,560 Cr
Tata Steel remains one of the largest companies in India by market cap, showing its dominance in the steel sector.
Current Stock Price: ₹161
As of today, Tata Steel is trading at ₹161, positioning itself in the middle of its 52-week range.
52-Week High / Low: ₹185 / ₹114
The stock has experienced significant volatility over the past year, with a high of ₹185 and a low of ₹114.
Price-to-Earnings (P/E) Ratio: 124
A high P/E ratio suggests that Tata Steel is trading at a premium based on its current earnings, which could either point to growth expectations or an overvalued stock.
Book Value: ₹73.7
This figure represents Tata Steel's per-share value if it were liquidated today.
Dividend Yield: 2.24%
Tata Steel offers a solid dividend yield, making it attractive to investors looking for both growth and income.
Return on Capital Employed (ROCE): 7.02%
ROCE shows how efficiently the company is using its capital to generate profits, and Tata Steel's 7.02% is moderate.
Return on Equity (ROE): 6.55%
ROE reflects the company’s ability to generate profit from shareholder investments, which in this case is slightly below the industry average.
Promoter Holding: 33.2%
The promoters of Tata Steel hold a significant 33.2% stake, reflecting their confidence in the company’s long-term potential.
Pledged Shares: 0.00%
None of the promoter's shares are pledged, which is a sign of financial strength.
Technical Analysis: Key Price Levels to Watch in Tata Steel Ltd
For those employing technical analysis, Tata Steel presents several key price levels to monitor. While these are not buy/sell recommendations, they can help traders and analysts gauge the stock’s momentum.
Price Expectation for Upside:
If Tata Steel’s price breaks above the ₹163 range, it could signal a potential upward movement, driven by renewed market interest.
Support Level:
A crucial support level exists around ₹83, which has historically acted as a base for the stock.
Swing Trading Targets:
Traders could look at ₹212, ₹234, ₹291, and ₹363+ as potential target levels for swing trading based on market momentum and technical signals.
Tata Steel Ltd: Is It a Good Investment for 2024?
Tata Steel offers a mix of opportunities for both long-term investors and short-term traders. Its market cap and dividend yield make it attractive for those looking for stable investments, while its high P/E ratio suggests that future growth expectations are already priced in. From a technical perspective, the stock presents potential upward momentum beyond ₹163, making it interesting for swing traders.
That said, it’s crucial to remain cautious, as the steel industry is sensitive to global economic cycles and commodity price fluctuations. Conduct thorough research and consult financial experts before making any investment decisions.
Conclusion: Tata Steel Ltd – A Stock with Strong Potential but Risks to Consider
Tata Steel Ltd continues to hold a prominent place in the Indian stock market, with solid financial fundamentals and promising technical levels for traders. For investors, the company’s consistent dividends and market dominance are strong positives. However, the high valuation and moderate returns might prompt some caution.
Disclaimer: This blog post is for informational purposes only and does not constitute financial advice. Please consult with a qualified financial advisor before making any investment decisions.
TATA STEEL S/R for 23/9/24Support and Resistance Levels:
Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline.
Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down.
Breakouts:
Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold.
Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying.
20 EMA (Exponential Moving Average):
Above 20 EMA: If the stock price is above the 20 EMA, it suggests a potential uptrend or bullish momentum.
Below 20 EMA: If the stock price is below the 20 EMA, it indicates a potential downtrend or bearish momentum.
Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set.
Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward.
Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop.
RSI: RSI readings greater than the 70 level are overbought territory, and RSI readings lower than the 30 level are considered oversold territory.
Combining RSI with Support and Resistance:
Support Level: This is a price level where a stock tends to find buying interest, preventing it from falling further. If RSI is showing an oversold condition (below 30) and the price is near or at a strong support level, it could be a good buy signal.
Resistance Level: This is a price level where a stock tends to find selling interest, preventing it from rising further. If RSI is showing an overbought condition (above 70) and the price is near or at a strong resistance level, it could be a signal to sell or short the asset.
Disclaimer:
I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
