TATASTEEL trade ideas
TATA STEELSwing trade for long side.
we can enter after retest of level 130 or 117.
And it can be the swing trade also, with low risk high reward, we can enter with 117 and stop loss will be -5(112)
we can hit the target with trailing stop loss and target would be the around 150.
we can expect good momentum in this stock because it is consolidating from so many day, we can enter after the consolidation breaks with small pull back and entering after next green candle closes above the pullback candle.
This is only for education purpose only.
Tatasteel ready for solid move from hereTata Steel near important SnR zone, a solid downmove rejection at 0.618 and 0.5 level of fib retracement. CNX Metal is at a crucial level. If the whole sector rallies from here, Tata Steel is the one I wouldnt miss. I have a already a decent quantity and will add more if CNX Metals rallies.
Long for Maximum 40 pointsHello Traders,
I was trying to analyze this stock. Actually i need to share it when the "Bat Pattern" completed but i miss the point. It already achieved Level 'B' . So we are expecting it will going upside till the Final Target.
Whatever Target i mention here it on the basis of Fibonacci , Trend-lines , an Harmonic.
Stop loss at 100
1st Target -->130
2nd Target -->140
Final Target -->150
I hope my prediction will get success......
Regard
ChandR