Tata Steel intraday view 14th JulyLong above 908, Keep trailing profits on the drawn resistances, SL below 898
Short below 890, Keep trailing profits on the drawn supports. SL 915
You can also do scalping on the drawn lines.
Tatasteelideas
TATA Steel Intraday View 13th July 2022Long above 905, Keep trailing profits on the resistances drawn, SL - 890
Short below 897, Keep trailing profits on the supports drawn. SL 910
You can also do scalping on the drawn lines
TATA Steel Intraday strategyLong Above 910, Keep trailing Profit on the given lines above 910, - SL 895
Short Below 900, Keep trailing profit on the given lines below 900, - SL 915
This is Intraday view only
Wait for the market to settle on opening, Dont jump into the trade without understanding the trend.
TATA STEEL Trend AnalysisChart looks highly bearish and is replicating Metals Index.
Expecting support to be around 700 level.
Good to accumulate around 650 - 700 levels for the following targets:
Short term swing target @ 1015 (50% ROI with 4.9 R:R)
Medium term swing target @ 1180 (75% ROI with 7.3 R:R)
Long term positional target @ 1425 (112.5% ROI with 10.7 R:R)
Stop loss around 600 for conservative traders.
Fundamentally sound and currently trading below its book value, while borrowings are concerning though company is reducing it aggressively.
Do your own due diligence before taking any action.
Peace!!
TATASTEEL - Long viewDear All,
Kindly refer the chart for trading details.
Tata steel can give a possible good move.
Quarter on quarter results have not been that great compared to last quarter, however compared to last December the results have been good.
Sales have grown over the last quarter.
We can expect some good buying to happen in this sector.
Kindly read chart well.
The views expressed are for education purpose only
All the best,
Thanks & Regards
Your feedback is highly appreciated
Tata steel near supportTata steel is near a crucial suppor on daily time frame.
It is respecting the support and has reversed on previous occasion.
It can reverse if it closes above 1070 and tomorrow there is green candle.
Wait for it to reverse.
Tatasteel UpdateAfter break out tatasteel gone mad. But here it's come to first resistance area. 625.15 to 647.6 and RSI near to 80. Get ready to profit booking in upcoming weeks.
