TATA Steel Ltd. looking bullishTATA Steel Ltd. looking bullish
The monthly, weekly, and daily RSI is above 60.
It is approaching its all-time high of 153. One can notice that the volume is increasing as it nears its all-time high.
Also, while CUP pattern formation price action was making higher highs and lows.
If it breaks the all-time high with volume and retests the neck levels, it would be a high-probability trade with risk a risk-reward ratio of a little over 3. Before entering the trade, analyze the metal index chart (CNXMETAL).
Tatasteel
Tata SteelTata Steel :
1. Weekly Breakout above 139 levels....
2. Some profit booking seen on last 3 trading sessions...
4. Long term looks very good...
5. I have marked price road map on the chart...
6. Every dip you can add ...
7. Traders can use to plan their trades based on the levels...
Happy Trading
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📈 Tata Steel: Bouncing Off Support and Eyeing New Highs! 🚀Hello traders!
Today, let's dive into $NSE:TATASTEEL. Here's the breakdown:
📉 Support Bounce: Tata Steel has recently touched its support at Rs.132 and is now making a move upward.
📈 Targeting ₹140: The current trajectory suggests a push towards the near-term profit target of ₹140.
💹 Derivative Opportunity: For derivative traders, considering the 130 call option could be a strategic move.
✨ Potential Upside: With good support, there's a chance for Tata Steel to soar higher. Keep a close watch for further developments.
🔄 Dynamic Market: Always remember, the market is dynamic, and these are observations. Conduct your analysis before making any trading decisions.
🤔 Your Take: How do you interpret Tata Steel's movement? Share your insights in the comments!
📌 Stay Updated: Let's navigate these markets together. Stay tuned for more posts and updates!
Best regards,
Alpha Trading Station
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 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.
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.