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TATA STEEL LIMITED

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TATASTEELPP trade ideas

TATASTEEL 1HRBEARISH DEEP CRAB ZONE On Type 1 Entry Earlier this same Pattern given good reaction & Hit TARGETS now price is again in PRZ Zone of Pattern it becomes a TYPE2 Entry which is REVERSAL & strong RESISTANCE FROM MONTHLY WEEKLY & Daily Timeframes LEVELS everytime price was rejected .VERTICAL DOTTED LINE is Ultra high volume up bars - trap of Smart Money , Higher volume- Professionals are selling into the public buying WITHIN 3-5 BARS WITH CONFIRMATION FROM BEARISH CANDLE & RSI MUST BE BELOW 70 SELL
NSE:TATASTEELShort
by PriceActionTradervsa
TATASTEEL Breakout TATASTEEL multiyear breakout, strong resistance near 750 level, need to be kept in focus by looking at the price action and the volume levels. levels as high as 910 developed in TATASTEEL. NIFTY METAL performing very good. STEEL companies all over the world performing well. Go long on TATASTEEL with stop loss at 700 level, highly unlikely to be reached. MACD crossover visible on daily chart. Since huge buying was seen today, there might be some consolidation or selling tomorrow so keep that in mind. RSI is in overbought zone so keep that in mind as well. But it seems to hold the overbought zone since the past few days. Both derivatives and equity can be bought, i would recommend buying 750CE or cash equity as per risk apetite. if 750CE or futures are being bought, kindly have a serious look at the price action tomorrow as atleast some retracement of today's maribozu is possible. Kindly let me know if any clarifications are requires, you may message me or comment on this post. Great profit opportunity visible in the steel sector in the near future, global ques also positive. Note Post only for education purposes.
NSE:TATASTEELLong
by SaintLazarus