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Greate opportunity in Tata steels.So here is the 1 day chart of Tata Steel ,as you all can see it creates a head and shoulders pattern and give a breakdown, now it is coming back for retest. So in this case we have two opportunities 1- if it breakout the neckline and crosses it the next target would be 1470 which is its previous shoulder and if it even breakout shoulder the next Target is 1530 which is head. 2- the second possibility is that if it can't cross the neckline and reverse back than this is the sign of selling pressure and for this scenario we have target of 1250. From my observation there are higher chances of downtrend,but we have to aware of both opportunities 🙏🏿 Thanks and regards Ankit Mathela Keep trading 🔥
NSE:TATASTEEL
by mathelaindia05
Heromotors - Long setupExtremely Bullish charts on both daily and weekly timeframes HeroMotors is almost debt free with a good dividend yield of nearly 3%. Good ROE and consistent track record for paying healthy dividends From a technical standpoint, price is sitting on 200 Weekly Moving Average and right below the 200 Day Moving Average. Weekly MA will act as support and Daily may try and act like resistance zone RSI is peaking up and bullish undertone on both daily and weekly charts. Look for a break above 3000 for a potential target near 3600 levels. PLs do your own analysis before you take the trades
NSE:HEROMOTOCOLong
by LoveForCharts
TATAMotors ShortTerm Trade & Long+Mid Term Investing OpportunityStock broke down in the previous triangle pattern due to news regarding chip deficit and is nearing the strong support zone around 285 RS. It may find support and undergo a reversal rally within the current prize channel or breakdown causing further crash. Brokerage Houses around the world are bullish on the stock. Stock is good for traders to enter or for long term investors to enter as this price acts as a strong support zone preventing further downside with upward potential. Enter The Stock after confirming support around RS 280-290. Target Price - RS 338-355 (Near the Resistance for *Traders*) (*Investors* Can Hold on to the stock without exiting the trade for medium to long term investments) Stop Loss - RS 260-250 supported by strong support and 200 EMA below (For *Traders*) Risk Reward Ratio for Traders - 2:1 DYOR before taking action. No Trade can be 100% Successful. Position Sizing Is Important. Also note for investors - This is not a Investment recommendation. It is just a good price level to add up stocks or newly invest into TATA Motors due to technical situation of the stock.
NSE:TATAMOTORSLong
by tradewidmufeeth
3
RK FORGE BREAKOUTA 3.5-year base breakout is seen in RK FORGE. It's also breaking out relative to the NIFTY SMALLCAP 100 Index. I'm long from around the 900 levels for an initial target of 1345. Stop-loss can be a weekly closing under 680; making the risk-reward a little more than 1:2. Not investment advice. This is only for educational and entertainment purposes. Please refer to your investment advisor before doing anything. I am neither a registered investment advisor nor a research analyst.
NSE:RKFORGELong
by udayanadhye