TATASTEEL trade ideas
SHORT TATA STEEL (below 1061)TATA STEEL has formed a perfect head and shoulder pattern. Any closing below 1061 will open targets for next support on 955.
TATA SteelThe stock has reached lower trendline and may undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby.
Risk Reward Ratio - 3:1
SL is placed below support zone & the lower trendline. The target is placed near resistance.
Market is bearish, so take positions carefully.
TATA STEEL DOWNSIDE POSSIBLE TARGET 750Tatasteel may hit a downside target of 750 Rs buy end of March 2022.
Tata steel near supportTata steel is near a crucial suppor on daily time frame.
It is respecting the support and has reversed on previous occasion.
It can reverse if it closes above 1070 and tomorrow there is green candle.
Wait for it to reverse.
TatasteelTatasteel is trading near 3-4 months supoort zones of 1160. It has given good upmove from these levels in recent past.
Try to buy here & add more on dips till 1080 with stoploss slightly below 1060 for targets of 1150/1200 positionally.
Tata Steel looks good for long Tata Steel after a correction is under consolidation....making higher low and higher highs in the channel...chances of a breakout if it maintains above 1160.
Tata Steel Awaiting Channel BreakoutTata Steel after a correction is under consolidation....making higher low and higher highs...chances of a breakout if it maintains above 1160.
Tata SteelTata Steel
Showing Good Strength
RSI - Just above 60
It has been Consolidating from Nov Till now and we have seen a Good Break out during the last 2 Sessions and it has just gone above its 50 Day SMA.
As shown are the Support and Resistance levels
and 1st Target would be 1232.90 & followed by 1267.25
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TATA STEEL LOOKS BULLISHThe chart is pretty self-explanatory.
A conservative investor can consider an entry on the break of 1183 i.e Today's High.
An aggressive trader can look for an entry on a retest of the trendline.
DISCLAIMER: The ideas are merely for educational purposes. Please consult your financial advisors before taking any trade. Trade at your own risk.
Tata steel bullish modeTata steel now turned in bullish direction
so we expect target one or two weeks
TATA STEELNSE:TATASTEEL
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Tata Steel - Positional TradeThere's a clear breakout from the short term downward fall. Also made a bullish double bottom Reversal Pattern. Might be bullish above todays high.
Buy @1235
Target @1521
Stop Loss @1165
Makes it a RRR of 2.8:1
Breakout may happened in TATA Steel StockIf cross the green line and stay 2-3 days then buy. Or buy if cross the gray line
TATA Steel bullishTata steel finding support near recent low.
Breaking above 1200 will take it up to 1260
TataSteelIt has just broken the long-term downtrend and is probably entering an uptrend.
It's the right time to take entry into it.
once it breaks 1195 our next target will be 1250.
TatasteelTatasteel is trading near its support level.
Not any recommendation to buy or sell, charts says ut all.
TATA STEEL BUYTATA STEEL BUY for day trading if stock and NIFTY METAL also strong then we will enter in trade....
Tatasteel at 50wma Many stocks often found support at 50wma and rally from there. Now tata steel at 50wma support and also above the yearly pivot. Longterm investors can look to add from here.
tatasteelTatasteel on weekly and also on the daily has broken the trendline and rsi and macd indicator is also giving the big bullish confirmation.
TATA STEEL1/ Volume confluece and 200 EMA at persent levels
2. Been consolidating as per Volumes .
3. Target 1 and 2 and indicated .
4.F&O data suggests Long Buildup today
97.76% away from 52 week low
23.19% away from 52 week high
1 Month: Delivery volume fell by -53.06%
1 Day: Delivery volume increased by 32.55% over 5 day average
5 .Current price is less than the intrinsic value
like if you agree
