TATASTEEL trade ideas
Tata steel getting waek , more fall expected For all trade on my Auto Harmonic patterns indicator trade setup -
Risky trades can take trade after crossing 23.6% on either side and safe traders can take trade after 41% We can start buying when our Trailing SL hit at 23.6% with SL of recent low our Target will be 41%, 78.6% , 127.2% 161.8% and 223.6 % , when reversal pattern appears on chart we have to trail our SL if trailing SL hit exit from long trade and initiate sell trade ,
TATA STEEL stock created Bearish marubozu candlestick on chart with good volume
If the trend is confirm tomorrow, price is down like a water fall.
Macd also indicate bearish signal
Short term Moving average break today.
Short trade confirm when price traded 129.50
For good risk reward
Disclaimer This is my personal view for education purpose only.
TATA STEEL looks good for Swing. NSE:TATASTEEL is looking good for a Swing/ Short term
Wizard Levels/Zones
> If you're following these zones then kindly follow the rules too. Risk management, and Position sizing.
> This is my perception of the market so, kindly do your analysis to get more clarity on the market.
> These levels might help you guys. As per my view, I'm sharing it with you guys.
> This is not a blueprint to happen so, kindly do your own analysis along with my view. Thank you for your SUPPORT.
TATASTEEL : Booked 25.67%I expected an ascending channel formation towards these levels. And it did formed. So I closed the position and booked profits.
Maybe I'll consider a re-entry if price falls to the low of the channel line once again.
But I also see the possibility of price rallying to all time highs which is about 16% further upwards, but I'm ok with it.
TATASTEEL : Waiting for a reversal pattern to book profits.If we look into the previous price action of TATASTEEL, we can see that before each major reversal move, there was an ascending channel formation. Price never underwent a drastic reversal as soon as it reached an inflection point.
So, I'm expecting the same to happen going forward and am looking for the price to form an ascending channel pattern at any of the major inflection points. This would be an indication that the price might crash afterward. If such a scenario occurs, I may consider closing my position.
Tata Steel- Support ResistanceAs you can see that previous week TataSteel after making a high made a support at 126.15 and resistance at 128.70 but now ranging between 127.90 - 126.15
You can buy this stock if it breaks the high level or wait for downside support break and on reversal you can buy above 126.15
You can ask anything about stock in the comments
Thanks for your support
TATA STEEL LTD - 40% ROI - Long TermSYMMETRICAL TRIANGLE in Weekly Time Frame
if this stock breaks 115 level, huge potential comes in this stock
If you are interested in investment, go for it with proper risk.
Overall "TATA STEEL" fundamentally good stock.
Entry level : 115
SL : 102
TARGETS : 125,138,152
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
HAPPY TRADING GUYS
Tata Steel_ Is Trend shifts to Bearish? Price recently taps in HTF supply zone and rejecting from that area. Price is forming Head and shoulder pattern ,with series of LL and LH , and confirms its bearishness. However its just a short term correction till fib- 0.618 (in monthly time frame) since Price breaks and close above trendline in monthly time frame . It can give us longing opportunity from the marked zone in charts. I will update the chart if there is any confirmation.