tata Steeltatasteel is in correction period it can spike up as per ABC Pattern completing......or can make 12345 (traingle or diagonal pattern) ) then make upward moment to complete C wave (A Big cycle ABC Pattern)..
Tatasteel
Tatasteel on buy sideDouble bottom on strong Support. And bullish
bar on daily timeframe. can give upmove buy on
given levels.
above 487 sl 477
tgt 494-507
Just did little analysis on TATA STEEL I think Elliot correction wave is happening now in Tata Steel .Please give your feedback.
TATASTEEL - MEDIUM TERM VIEWTHE FORMATION COULD BE AN EXPANDING TRIANGLE IN THE B WAVE OR AN ENDING DIAGONAL IN THE C WAVE. BOTH GIVE A TARGET OF 355.
TATASTEEL - Medum Term - Target 1 494, target 2 - 433TATASTEEL SEEMS TO BE MAKING A TRIANGLE IN B WAVE OF A ZIGZAG CORRECTION. ABC LEGS OF THIS TRIANGLE ARE ALREADY COMPLETED AND CURRENTLY WAVE D IS IN PROGRESS. THE REAL TEST WILL BE WHEN THE PRICE REACHES 540. IF IT REVERSES FROM HERE, TRIANGLE IS A DEFINITE POSSIBILITY AND THEN TATASTEEL CAN BE SHORTED FROM AROUND 570 LEVELS WITH A STOPLOSS OF 590 AND A FIRST TARGET OF 494 AND 2ND TARGET OF 433
ThyssenKrupp AG BUY 20.50After the announcement of the joint venture between ThyssenKrupp and TATA Steel, will help the European seel maker to evade the 25% imposed tariff on European steel producers that the US have announced in the previous month. This fundamentally can boost the price to reach 25.45 in the next 2-3 months, adding on the fact that the price per share is seen as undervalued in relation to industry competitors and the average price of German competitors.
Info possible but not ultimate values:
Entry: 20.50
Take Profit: 25.45
Stop Loss: 16:45
Tata Steel ---ShortSeems Tata Steel down trend for shorterm has started... Short below 608 1st traget 597 2nd target 566, strict stop loss of 624
TATASTEEL Loses SteamTata Steel (NSE: TATASTEEL) is about to take the bearish way as per TTC breakout formation . The critical MOB is at around 685 . If it breaks decisively below this zone(on 1 hr closing basis), we may see buyers in control of the game.
For Short-Term Targets, traders should eye on 672 Zone . For Swing traders 626 Zone is very critical, below which we can see good amount of selling.
Tata Steel Limited is an Indian multinational steel-making company headquartered in Mumbai, Maharashtra, India, and a subsidiary of the Tata Group. Tata Steel has manufacturing operations in 26 countries, including Australia, China, India, the Netherlands, Singapore, Thailand and the United Kingdom, and employs around 80,500 people.
Is It The Time To Go Short TATASTEEL?Tata Steel (NSE: TATASTEEL) is giving solid signs of Loss Of Buyer's Momentum as per TTC Breakout Formation. Right Now it is at a Critical Make-Or-Break Zone around 697 . If it breaks decisively below this zone (on 1-hour closing basis), we may see sellers gaining control over the buyers.
For Short-term targets, Trader should eye on 685 Zone . Then 672 is the next support. For Swing Traders, 626 Zone is Very Critical. Below which we can see a good amount of selling.
Tata Steel Limited (formerly Tata Iron and Steel Company Limited (TISCO)) is an Indian multinational steel-making company headquartered in Mumbai, Maharashtra, India, and a subsidiary of the Tata Group.
Longterm BUY TataSteelWe have a Mid level Buy Signal for Tata Steel now confirmed by all other aspects of Ichimoku.
One can enter long here CMP 549.95 and add more at 537 Target 820
If stocks sustains above 820 then it will start new uptrend.
In Tatasteel need expert's advice or viewHi friends,
I m confused in this scrip over here need expert's advice or view, please
TATAPOWER super bullMy earlier message about this scrip is void. It was only till the expiry which was today.
This sector has seen too much of negativity in the short run.
Technically, the price has broken the downward pattern.
It has to test the high to contemplate a run downwards.
86 is the short term target and 91 for medium term **if the short term goes well**.
Tata Steel - Offers likely around 526A rebound from the trend line support coupled with the fact that the RSI is just short of being overbought suggests, further gains could be restricted around the upper bollinger band seen around 5263 levels.
still long TATASTEEL @ 1h @ trading capability this 1st week `17This is only a trading capability - no recommendation !!!
Next week i`ll confirm or change my opinion about this SetUp :)
Buying/Selling or even only watching is always your own responsibility ...
Best regards
Aaron
long TATASTEEL @ 1h @ trading capability for this 52nd week `16This is only a trading capability - no recommendation !!!
Next week i`ll confirm or change my opinion about this SetUp :)
Buying/Selling or even only watching is always your own responsibility ...
Best regards
Aaron
say TATA to TATA for short!!Simple MACD study and negative news in TATA, mistry's confidential letter will be viral soon, which will talk about some debt...negative trigger!!
Tata Steel - Bearish Bat PatternIt is been observed that the price action formed a harmonic pattern called Bat Pattern indicating bearishness and a counter trend trade opportunity. It is a low risk trade as the price action has already reached to the previous resistance levels at 406. Now if the price action breaks and close above the previous resistance levels of 406 then we shall continue to rally up but incase we see some selling pressure at resistance then the price action shall retrace back to 38.2% Fibonacci levels at 388 levels.
Target: 388
Stoploss: 410
Risk Reward: 1:4
