Get started
TATA STEEL LTDTATA STEEL LTDTATA STEEL LTD

TATA STEEL LTD

No trades
See on Supercharts
Overview Financials News
Ideas
Discussions Technicals Forecast Seasonals Options Bonds

TATASTEEL trade ideas

tatasteel buy ideamonthly atr is 147 and previous month close was 1443, max correction to be 1296, but it has gone down more than that and currently taking support at 144 WDMA value 1260, is making a prz here where xabc done and d leg to form. and also AB=CD level coming at this area which might not extend more because since last 3 months this stock is doubling its upward journey speed during the expiry week after a sharp fall in the 3rd week. buy should be initiated after a close above 1275, at least in a one hour chart for target 1, 1300 and target 2 1340 which is 8 dsma. view is negated a close below 1260 in daily chart and wait for 1180 or setting a stoploss at 1275 an aggressive short can be initiated for 1180.
NSE:TATASTEEL
by Somanathrout
Tata steelTata steel stock is in wave 5th of wave 3rd of the recent impulse till it ends, on daily charts, the most recent rally is ended in wave 3, as per theory, both rsi and macd are showing bearish divergence in daily time frame, and this can also be seen in poor volumes and participations in metal stocks during the most recent rally, this is typical of wave 5 of some degree, as per scenario wave 4 depth of correction is marked near 1070 to 1100 range. it sounds hard but who knows we can go there if wave 3 comes to an end. Key Levels are Mentioned on chart Wave Structure and Volume Rsi bearish Divergence in daily time frame Macd bearish divergence in daily time frame Creating bkt in daily time frame Waiting for confirmation Disclaimer I am not sebi registered analyst My studies are Educational purpose only Please consult with your Financial advisor before trading or investing
NSE:TATASTEELShort
by RK_Chaarts
2