Tatasteel
TataSTeel Brekaout Setupprice break here with very good volume
Entry : 420 - 435
Stop : 340
Target : 480 , 535 , 600 , 680,750
Tata Steel PreparationTatasteel is ready to go after more than 2 years long downtrend. Key level 428.85 according dow theory. In last week average volume are very high. The upcoming week tatasteel and cnxmetal index can break key level. Keep watching.
Nifty Metal Preparing.Nifty Metal is Preparing for big blast after long down trend. Just wait for 2520 level breakout. This will be the confirmation to blast. Jswsteel has already breaked out and tatasteel and other Metal stocks preparing itself.
TATASTEEL - Intraday/Very short term SwingThis analysis is purely based on price action.
The analysis is on 15min TF hence target can be achieved in intraday trade or in couple of days
Trade strategy is explained in image itself. Don't run after the price.
Always plan your trade & trade your plan
Keep trailing SL accordingly once entered into the trade.
Trade at your own risk and money management
Feel free to comment for any queries & suggestion
TATASTEEL - Bearish H&S pattern (intraday/very short term trade)This analysis is purely based on price action & chart patterns
The analysis is on 15min TF hence target can be achieved in intraday trade or in couple of days
Trade strategy is explained in image itself. Dont run after the price.
Always plan your trade & trade your plan
Keep trailing SL accordingly once in trade
Trade at your own risk and money management
Feel free to comment for any queries & suggestion
Tata Steel on Pull BackTata Steel LTF chart shows that it's been caught in a downward channel. Currently in a pullback. Long only above 421 else can see 370 levels again!
Tata Steel - Looks Strong on Price StructureMonthly Chart
Stock has been in Triangle Structure for around 10 Years!
Stock has given breakout of this Triangle Pattern in 2017 Year and given around 250+ points rally.
Since Year 2018, it is in downside movement. This movement looks like a Pullback structure rather than a Bearish Trend (enough evidences to not consider as the Bearish Trend can be seen on the chart by relating it a long year triangle breakout.
It took the support as usual at the lower S&D area, please refer the chart where it has been marked with light-blue area.
Even before touching this S&D area, it has got good volume when its pullback was about to complete. It clearly shows strong participants in the stock.
Then as impact of Covid-19, we can see 3 back to back bearish WRC(wide range candles) but see the volume that looks less than previous volumes when price was moving up.
Seeing the structure as of now, we comes under impression that stock is clearly in mood of joining its Breakout-rally trend (Uptrend) after completing the Pullback structure.
Weekly Chart Study
NSE:TATASTEEL
Note:
- No Buy/Sell recommendation, only study and information purposes only.
Intraday Pick for Monday 19th October 2020Nifty metal is given a breakout recently and the leader of the sector also has changed their move-in Upside. A good candidate for today's Intraday.
Tata steel
Buy: 396
SL: 390
Target: 401/406/410
TATASTEEL Ascending Triangle Pattern (Short term swing)This analysis is purely based on price action and chart patterns
This trade is for short term swing or positional trade.
Trade Strategy is explained in image itself.
*Plan your trade accordingly and trade on your own risk & money management*
Pls comment for any queries or suggestions
SHORT IDEA ON TATASTEELTATASTEEL in a clear downtrend on larger timeframe respecting two beautiful trendlines
presently support around 355 level breaking this would lead to 315 levels
if support holds can bounce back to previous breakdown level 386
for more updates follow
TATA Steel near to channel resistance - Sell Call for level 440#TATASteel is in downtrend in long while in uptrend in shot and following the Channel Pattern. Forming the Higher Low and lower low pattern on chart.
Level 440 has highest built-up of OI and OI is increasing on CE side.
Sell the Call option for Strike Price 440 or above once stock will near to resistance so you will get good premium.
(Disclaimer: This is only for educational purpose and paper treading. Learn and take advice from you financial advisor)
#TATASTEEL #BANKNIFTY #NIFTY #NSE #TRADING #COVID19 #BANK #INDIA#TATASTEEL
Tata Steel Ltd.
CMP: 418.5
Target: 476
SL: 393
TATA STEEL DOUBLE TOPHello!
TATA STEEL making double top at around 350 level if not give close above 350 do short for the target #1 300 and target #2 253
If give close above 350 in close then buy for the target 406.
NOTE : Only for education purpose do add your common sense before making any trade, I'm not responsible for your profit or loss!
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Regards
Sanam Patel
CAUTION !! Short Term Investors in Metals !! We saw good rally in metals(Tatasteel,jswsteel,jindalsteel,Sail), these many days.
Fresh Investors Ignore Metals as of now.
Now It's in overbought zone, Will it sustain or we can see a big dip in All Metals.
Also looks like completion of Elliott's 5 wave - .
Go through my profile in.tradingview.com for all metals analysis done.
Is It Time to take a break For Steel Sector ???Time to book Profits !!!!
We watched a Big Rally In Steel companies for last 20 days. We are looking Some weakness in Steel sector Includes Jswsteel ,Jindalsteel and Tatasteel in the last two sessions. All are at major support If it breaks the support then we can expect a major fall.
check my profile for charts of jindalsteel and jswsteel.
Look at this nifty metal chart.
R-0131 BUY STOCK OPTION TATA STEEL CALL 370 AUG370 CE CMP 12.85-13.85
SL 7.80
TGT 25
The price has corrected from day's high but chart pattern still looks bullish so a good buy at the current level.
tata steelHello!! Tata steel is a good stock it is an uptrend and also gives a good move daily so a good stock for intraday lets see..... my view is it will test some upper resistances.....#my_view #learner
TATA MOTORS In this chart, Tata Motors are making a symmertical triangle on daily chart, If the tata motors will break a line downside, then it will touch 98-97 levels. But the tata motors will break a line upside then it will touch 112 levels. Don't do anything at current levels.
On a daily chart, short term support in downside 90 & strong resistance on upside 130.
Tata Motor's chart is neutral, neither bearish nor bullish on chart.
Tata Motor's chart is also neutral but Monthly chart is bearish.
If you have any queries, please feel to contact us on facebook page - @MK0Advisory.
R-0098 TATA Steel about to break cloud on the upside 👉 TK cross over
👉 MACD cross over
👉 About to break ichimoku cloud so go long.
👉 Pivot break out @346
👉 TGT 365/380
👉 SL 340
tata steelhello!! yeah, tata steel In my view can show an up move till 377 and 388 but a breakdown can also be seen if the resistance didn't get broken then levels like 346 and 342/339 can be seen, we can trade after sustaining of candles and confirmation of a trade.
