TATA STEEL1/ Volume confluece and 200 EMA at persent levels
2. Been consolidating as per Volumes .
3. Target 1 and 2 and indicated .
4.F&O data suggests Long Buildup today
97.76% away from 52 week low
23.19% away from 52 week high
1 Month: Delivery volume fell by -53.06%
1 Day: Delivery volume increased by 32.55% over 5 day average
5 .Current price is less than the intrinsic value
like if you agree
Tatasteel
BULLISH ON TATA STEEL LTD.NSE:TATASTEEL
currently taking good support and shows bullish reversal . and also there is common pattern which this stock shows earlier also as after taking support on Simple Moving Average 44 , show bullish trend in a WEEKLY time frame.
IT CAN BE A GOOD TRADE.
Do your own analysis before investing.
TATA STEEL- Price Action Analysis Metal Sector NSE:CNXMETAL already seems negative and international CAPITALCOM:COPPER has also beaten down from new corona virus concern.
It is undoubtable that NSE:TATASTEEL shows bearishness from past 3 week and nearest at PRZ (prize reversal zone) which comes from Harmonic Bullish butterfly pattern 1.272 level at price 1025 but still sentiments are negative so any reversal candle from level 1015- 1075 will provide good opportunity for buy.
meanwhile 1000 is psychological level any closing below this make create further downside momentum.
BUY : safe traders can buy above 1000 as with the range 1015-1075 with confirmation of reversal candle.
SELL : sell opportunity only comes when price reject from 1198-1229 at upper zone or if it finally closing below 1000.
NOTE : try for the small swing up to dynamic trendline although breaking this bearish dynamic trend line and closing above only hope for Bullishness.
TATA STEEL - target 52week high/1630+As i said in the video wait for breakout to happen, risky trader may accumulate it @CMP for a target of 52week high/1630+
This is not a call/financial advice and it meant for educational purpose only. I'm not responsible for your profit/losses.
check out my other videos too.
Hope you guys found useful.
Thank you.
#KPRMILL #BLOCKCHAIN #NFT #SHIBAINU #iot #ml #clothing #fashionKPR Mill Ltd.
NSE:KPRMILL
NSE:KPRMILL
CMP: 494.10
Target 1: 585
Time frame: <3months
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.
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With 💚 from Rachit Sethia
Greate opportunity in Tata steels.So here is the 1 day chart of Tata Steel ,as you all can see it creates a head and shoulders pattern and give a breakdown, now it is coming back for retest.
So in this case we have two opportunities
1- if it breakout the neckline and crosses it the next target would be 1470 which is its previous shoulder and if it even breakout shoulder the next Target is 1530 which is head.
2- the second possibility is that if it can't cross the neckline and reverse back than this is the sign of selling pressure and for this scenario we have target of 1250.
From my observation there are higher chances of downtrend,but we have to aware of both opportunities
🙏🏿
Thanks and regards
Ankit Mathela
Keep trading 🔥
TATA STEEL - Divergence asisted reversal of polarity1. Divergence with RSI on daily TF.
2. Still has not not broken the July candle range.
3. Look at the RSI. It has always taken an up thrust whenever it has come near the demand zone.
4. We have a similar formation in the stock this time.
The trend might reverse from here.
These are my insights. I can be wrong as well.