TATASTEEL--Near Its Resistance??This stock is now at resistance levels....
on bottom side a strong support is created at 136 levels...
if this support fails, next we have trendline support,
if both fails then will look for short side....
now this resistance point is to book profits and keep in long side until price breaks this demand and trendline. On bottom neckline support @129 as well...exit from long when price breaks this level of support.
Tatasteel
TATASTEEL Weekly timeframe analysis for long term
NSE:TATASTEEL has break trendline and breakout 129 level after taking support from dynamic trendline.
Buy Level is 127 to 129. We can see long term move above 138 with SL of 122 if it give pullback buy more near 129 to 125 range.
Major targets levels are highlighted in blue lines.
TATASTEELNSE:TATASTEEL
One Can Enter Now ! Or Wait for Retest of the Trendline (BO) Or wait For better R:R ratio
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
Tata Steel - Elliott Wave CountTata Steel - Elliott Wave Count
Based on Elliott Wave analysis, it appears that Tata Steel has recently completed Wave B and has now started Wave C. The stock is expected to decline further, with the downside target being in the 80 range. This indicates that the stock may be a good candidate for short selling or for investors looking to buy at a lower price point. It's important to keep an eye on the stock's movement in the coming days and weeks to see if it continues on this downward trend.
however, if the market breaks above 136 the view is invalid.
Please note that this information is solely for educational purposes, and it is essential to exercise caution when trading.
NSE:TATASTEEL NSE:TATASTEEL1! BSE:TATASTEEL BSE:TATASTEELPP
Tata Steel (Swing):Tata Steel (Swing):
A 50% up move is possible through a swing.
Keep adding in chunks while script ranges around 120-130.
Appropriate resistances are highlighted.
Time to attain the target can be over 4-6 months.
Note: Do your own due diligence before taking any action.
I would be posting updates for this chart in the comments sections as time progresses.
Queries are welcome.
#HINDCOPPER #HINDZINC #NIFTYMETAL #TATASTEEL #CNXMETAL #HINDALCO#HINDCOPPER
NSE:HINDCOPPER
CMP: 116.75
TP: 137 // 157
SL: 101
TF: <6m
RR > ~2.7 times
Return > ~34%
SAIL
HINDCOPPER HINDZINC NIFTYMETAL TATASTEEL CNXMETAL HINDALCO JSWSTEEL NATIONALUM JINDALSAW JINDALSTEL
Factors: BULLISH WEDGE BREAKOUT Trend Following Rising Volume with rising Prices. Flag pattern breakout. Pennant Pattern Breakout with Bullish Candle. Retest Successful. Higher Highs & Higher Lows. Broken above RESISTANCE levels Trading at SUPPORT levels Earnings are strong. Bullish Wedge Breakout Risk Return Ratio is healthy. And Rising from Double Bottom Pattern to Flag Pattern forming. If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations. With 💚 from Rachit Sethia
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 Positional Buy LevelsNSE:TATASTEEL has been succeed to trade above level of 119.35. My idea is to take buy entry at current level of 120 with stop loss of 116 (-04 points risk). I am expecting up side target of 122 (+02), 124 (+04) & 126 (+06) within 3-4 weeks.
Note: This is my personal analysis, only to learn stock market behavior. Thanks.
Bullish Momentum: TATASTEEL (CMP 115) Surges Above Key IndicatorReasons to Buy TATASTEEL (CMP 115) with Short-Term Targets at 118/120 and 123:
Strong Technical Indicators: TATASTEEL is currently trading above all major moving averages (MA's), indicating a positive trend. This signifies a bullish sentiment in the market and suggests a potential upward movement in the stock's price.
Positive MACD: The Moving Average Convergence Divergence (MACD) indicator is also showing a positive signal. A positive MACD suggests that the stock's momentum is shifting in favor of the buyers, indicating a potential uptrend.
Favorable Standard Deviation: The stock's standard deviation is in a positive range, indicating that the price has been consistently moving above its average value. This implies that the stock is experiencing volatility, which can provide trading opportunities for short-term gains.
Short-Term Price Targets: Based on the analysis of the technical indicators and market conditions, a short-term price target of 118/120 and 123 can be set. These levels represent potential resistance levels where the stock's price may encounter selling pressure. Investors can take advantage of these targets by buying at the current price of 115, aiming for potential gains.
Strict Stop-Loss: It is crucial to set a stop-loss below 113 on a closing basis to mitigate potential risks. This level acts as a safety net, protecting against significant losses in case the trade does not go as anticipated. $TATASTEEL.NSE #STOCKTOBUY
TATASTEEL - DAILY TIME FRAMEThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart).
Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves.
we do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle.
Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price.
Keep it simple, keep it Unique.
please keep your comments useful & respectful.
Thanks for your support....
Tradelikemee Academy