TATASTEEL trade ideas
Falling wedge Tata steel Tata stell looking good for short term as after a long uptrend it has created a falling wedge pattern........which can give a good move..........
Tata steel is now having consolidation Tata steel is on moving the range...it has 50EMA support at the prize of @1068, may if it will be breaks we see @1000, but if tata steel want to continue to go up side and touch its existing ATH so now on the current time need to breaks to trade up to @1111 , actually after big rally investors has booking profit , in india fii now buying on the banking sectors ...but the rally will be stop to bank sectors then again investor moved to buy heavily on the steel sectors as per the my experiences..one sectors has to buying more then one sectors to selling more to balance the market...
tata steel longtata steel has to strong support @ 1100 , now with it bullish pennant forming , may be it will be active soon , keep an eye on tata and add it your watchlist ..because of the only sectors which is given more returns on previous month ....dyor.
tata steel will be bullish tata steel has to retest of 1100 which was psychological level , if it will crossed 1150 , buy 1240CE..dyor
Tatasteel wait to enter long position One should to enter tata steel around 1094..80 sl 1042 target 1225 positional hold for 2 months
Since metals in demand and stock maintaining strong bull trend wait a small correction to rebound the momentum.
NSE:TATASTEEL
Only for learning purposes.
Tata Steel Long term investment pick
Positional Buy
All key levels are mentioned in chart
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
Almost Reversal Pattern formation - Sell Tata SteelKey Reversal pattern Rules-
Rule1- On the daily chart check 2 days candlestick pattern.
Rule2- Candle should open above the previous day's close.
Rule3- candle should make a new high.
Rule4- close below the previous day's low
Chart of the Week (08/05/2021): Tata SteelThe whole metal sector is running and Steel is a big beneficairy right now. prices are not coming down and we can expect further upside from this counter. Keep a Stop Loss at Rs.1100
Tata Steel Wave 5 targetsPossible targets are explained with FIB relations.
It is at Harmonic 1.618 FIB PRZ but not showing any weakness still
I still feel 1075 to 1100 is a high probable zone from where we should see profit booking.
TATA STEEL ON PRICE DISCOVERYTata steel crossed 885 levels which were long term resistance since 2007 .
levels are marked on the chart .
I am mega bull on Tata steel with price discovery around 3500 levels .
TATASTEEL IS FLAG AND POLE PATTERNATASTEEL IS ON FLAG AND POLE PATTERN ONCE IT BREAKS UP BUY FOR 1 ST TARGET FOR 1038 ,ITS ONLY FOR EDUCATION PURPOSE ONLY
ALL TIME HIGH THIS STOCK IS FORMING HIGHER HIGH PATTERN WHICH SHOWS THAT IT IS IN UPTREND
REFER CHART FOR DETAILS
