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Tatasteel

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
XETR:TKALong
by TheTrade_Academ
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.
NSE:TATASTEELShort
by TFTIndia
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.
NSE:TATASTEELShort
by TFTIndia
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
BSE:TATASTEELShort
by NeeteshJain
Trading Tata Steel Tata group's flagship companies are in cross hair because of its UK connections. Tata Steel is the example of ambitious plan going awry and Tata Motors is going to be questioned because of its Land Rover automobiles. Tata Steel Selling metal companies was the fundamental trade for last couple of years. Nobody was sparred. Steel glut was/is obvious - thanks to China - and one doesn't need to be a consummate financial analyst in order to figure out the impact on big steel producers. It was commodities boom which drove the industry into big mergers and acquisitions. Somehow it is always the case so far that big mergers and acquisition at eye popping premium happens when the valuations are ridiculous. Those were the days when company can't think of anything but going big. You can look at the Glencore , Xstrata and Noble group for more color on the subject. Besides these are not software companies where just putting a cloud in the name and showing big dreams will sell to the shareholders. And it is difficult to turn around such companies unless there is demand. Besides these cycles are very long term in nature. Now especially for Tata Steel, getting the kick even after it is down by Brexit is very unfortunate. For Tata Steel fundamental case was so strong, you just have to pick up the level and short it until recently. Favorable UK until sell talks were helping and stock was recovering a bit ( along with general respite for metal stocks and metal market ) / or just a technical bounce from long term base near 200 as you can see in the chart. Now everything hinges upon how it responds to 260 level. For short term traders it is a good level to look for a bounce or two but it is advisable no to put too much risk into the trade. Because if things can't turn around quickly this time, market may not be friendly to Tata Steel and it might have a look at life below 200.
NSE:TATASTEEL
by BombayBulls
NIFTY METAL Looks Positive - (BUY)According to its monthly chart, the index has made all time low of 1500 in the month of Feb 16 and from then it responded well and positive. I believe it will continue its positive trend due to below top 3 reasons, 1. Globally Metals are positive 2. Metal Stocks like JSW Steel and Tata Steel have been moving positively 3. Structure support confirmation on monthly chart and increase in volume of buying. 4. Additionally, there is a RSI divergence on the monthly chart, It is a good time to buy into metal shares like Tata Steel and JSW Steel, they soon be making new all time highs.
CLong
by NeeteshJain