TATASTEEL Weekly timeframe analysis for long term
NSE:TATASTEEL has break trendline and breakout 129 level after taking support from dynamic trendline.
Buy Level is 127 to 129. We can see long term move above 138 with SL of 122 if it give pullback buy more near 129 to 125 range.
Major targets levels are highlighted in blue lines.
TATASTEEL trade ideas
Flag Structure a stock who will be part of Nifty further moveTata Steel a stock which has not performed till time, will be part of next rally. Clean #Flag #Breakout with wide range candle was given on last Friday.
Topping on Cake is It has given Breakout with WRC and volume expansion.
Further to support my view, its close of the stock on the day of Breakout has closed at the top of candle which shows that the bears are not able to take it down to make it fail Breakout.
Tata steel looks good foar straight uptrendIt's interesting that Tata Steel and NIFTY Metal are showing breakout signals. INVERTED Head and shoulders patterns can indicate trend reversals, so it's worth monitoring the price action for potential confirmation. Keep an eye on key support and resistance levels for a more comprehensive analysis.
TATASTEEL : Booked a profit of 14.49% on the invested capitalMarket is in a key inflection level. So decided to book profits and then have some cash positions around. There is a higher probability for a sell-off to hit the market as per the technicals and I feel that it is advisable to have some cash positions around if that happens.
Will consider a re-entry if price falls back to the low of the channel line.
Tata Steel--Buy zone @112I am sharing the important levels of Support and Resistance. These levels play a crucial role in trading decisions, as they act as reliable markers of price movements.
------>>Support levels are price points where an asset tends to find buying interest, preventing it from falling further.
---->Resistance levels, on the other hand, are points where selling pressure typically prevents the asset from rising higher.
They serve as key reference points for technical analysis
This is going to reverse from 115 or 112 zone...look here for buying.
Tatasteel long termmy prediction .....
Thanks to everyone for follow and appreciate....
Happy Profitable trading ......
Octafx copy trade :BidaskeyTraders
Note:
This isn't financial advice, (not a buy or sell signal). This is only Knowledge sharing based on my knowledge and my risk management . Before following any ideas, do your own research and practice good risk management as of your financial status.
TATA STEEL _ Buying Opportunity?Price shows slow correction to the downside in past few weeks.
Monthly and weekly seems bullish ,so it could provide a long term buying opportunity.
Price is approaching to its demand zone which is 117-114 & 110-108.keep an eye if any shift in structure from bearish to bullish from those zones would take place.
Tata Steel - Elliott Wave CountTata Steel - Elliott Wave Count
Based on Elliott Wave analysis, it appears that Tata Steel has recently completed Wave B and has now started Wave C. The stock is expected to decline further, with the downside target being in the 80 range. This indicates that the stock may be a good candidate for short selling or for investors looking to buy at a lower price point. It's important to keep an eye on the stock's movement in the coming days and weeks to see if it continues on this downward trend.
however, if the market breaks above 136 the view is invalid.
Please note that this information is solely for educational purposes, and it is essential to exercise caution when trading.
NSE:TATASTEEL NSE:TATASTEEL1! BSE:TATASTEEL BSE:TATASTEELPP
Tata Steel (Swing):Tata Steel (Swing):
A 50% up move is possible through a swing.
Keep adding in chunks while script ranges around 120-130.
Appropriate resistances are highlighted.
Time to attain the target can be over 4-6 months.
Note: Do your own due diligence before taking any action.
I would be posting updates for this chart in the comments sections as time progresses.
Queries are welcome.