TATASTEEL trade ideas
Tata Steel | Consolidating with a slight bearish undertoneTata Steel saw an upward trajectory since June 2022 lows but after facing resistance from the falling channel in Jan'23, it has become range bound with slight bearishness. Currently, at crucial support of 200 DMA at 102–103 which was also the Dec 2022 low, a breakdown can take the stock to 95 levels. Whereas bullish divergence in RSI (HL in RSI and LL in price) if aided by a consistent close above 106 can invite some buying interest and targets of 109–110 can be achieved.
Tata steel at crucial point On weekly chart of tata steel looking like today or tomorrow will decide its journey, if it manages to hold 104.05 level intact then will leads to 108 and 113 but if it fails then leads to major correction
TATA STEEL 1D (31/03/23)NSE:TATASTEEL
Already told in my previous ideas that keep your eyes on 108 level,which will defines the strength of the stock.
below 108 its weak.can sell downside target 98.45.
Tata Steel should be a Multibegger stock$TATASTEEL buy this stock for long term this will be a multi begger stock, seven companies will be merged till 2023-2024.
1-TATA STEEL LONG PRODUCTS.
2- TINPLATE COMPANY LTD.
3- TATA METALIKS.
4- TRF LTD .
5- INDIAN STEEL & WIRE PRODUCTS.
IF YOU WANT TO BUY THIS FOR LONG TERM IT WILL BE THE GOOD OPPORTUNITY TO INVEST IN THIS STOCK.
6- TATA STEEL.
7- S&T MINING COMPANY.
Tata steel 15min chart .
If it break 107 resistance level with good volume we can expect underlying price to move to 109.
Tata Steel should be a Multibegger stock $TATASTEEL buy this stock for long term this will be a multi begger stock, seven companies will be merged till 2023-2024.
1-TATA STEEL LONG PRODUCTS.
2- TINPLATE COMPANY LTD.
3- TATA METALIKS.
4- TRF LTD.
5- INDIAN STEEL & WIRE PRODUCTS.
IF YOU WANT TO BUY THIS FOR LONG TERM IT WILL BE THE GOOD OPPORTUNITY TO INVEST IN THIS STOCK.
6- TATA STEEL.
7- S&T MINING COMPANY.
TataSteel Long Tata steel got rejected 4 times from that lvls.
but right now ....
Bullish Engulfing candle shows ..... buyers are intrested ....
so if it breaks nowwww ......i m long.....
with SL below red zone that will be around 105.9.....
Breakout is imp ....
Trade at ur own risk ......
Tata SteelIndia Leading steel manufacturing company , Now They going to Merge Steel sub company , Its time to accumulate slowly
This chart for knowledge sharing , Its only My view share , May be its can be change according to Market situation
Potential Breakout in Tata SteelIn a weekly time frame, Tata steel is forming a trendline. Good to enter after a little consolidation at the current price with SL(for short term holders)
Trendline Breakdown in Tata Steel Limited...Chart is self explanatory.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
A bullish pattern seen in the stockA rounding bottom chart pattern seen near the Trendline support in HIourly timeframe.As soon as the stock crossess the necklineTraders may go long in this stock.The chart is in uptrend in daily and hourly time frame.
TATA Steel - can rebound from here
Tata Steel is touching the lower bound of Curvilinear channel but higher level channel is still showing upward direction. I think Tata Steel can rebound from here.
TATA STEELWeekly timeframe chart of tata steel making triangle pattern looking negative below the trendline support
Tata Steel : Flag Pattern Breakdown Tata Steel on Weekly TF Break the Flag Pattern in Downside. On Weekly TF we can see that the last week stock has made Doji on top of the neck line and in this week stock has made Marubozu Candle with High Volume( Red Marubozu which means that Open = high,Close = low). It indicates the stock is weak on Medium term is bearish. Momentum also weak on Daily, Weekly and Monthly Basis.
Short : CMP
SL : 113
Down Side Move : 101,98 Levels.
TATA STEEL 1W viewTata steel has broken the trendline and is ready to go upside.
Stoploss can be kept below the previous candle,i.e, around 117 levels.
Good R: R in this trade. Keep SL tight.
Trade safe. Manage risk. Be profitable.
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Disclaimer:- This is my view. Please analyze the charts yourself and then decide to take any trades.
Tata Steel 1D TFThese share have retested 200 MA and can give the big targets in future.. So Tara steel is suggested to buy......
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TATA STEEL going up !Expected Target 133 🎯 ( Swing Trading )
Note : This is just for Backtesting and Educational Purpose Only.
TATAT STEEL : Uptrend Continue....Metal Sector give continue outperform...All Metal stocks are trading well like Tata Steel, Jindal Steel, Sail....But on last week we discussed that Tata Steel had breakout on trendline and Flag Pattern Breakout also which is still continue the up trend strong momentum on short, medium and long term with volume support... Hold the Tata steel if you have and want to fresh buying then can purchase with CMP with stop loss at 120 level. on Intraday basis...!
