Probability of Tata steel in upcoming eventsWe see stock is moving within range and resistance is 108-110, but once hitting it is not sustainable on that point for breakout,so we have to watch and then go into
TTSTE trade ideas
TataSteel getting ready for the next move upPrice is consolidating nicely at prev resistance after the recent up move. We need a confirmation candle to enter the trade, but the setup looks really good with CNXMETAL also ready for breakout
is this right time to have coffee with cup with handle pattern.?i) Candle is above the 20 days 50 days 100days 200days moving average
ii) kindly give the the entry once the candle close above the green line (breaking line)
iii) volume is increasing
iv) kindly do your own research before buy the share
TATASTEEL NSE SWING TRADE
Support is at 106 so it may bounce from this point onward and go upto maybe 120 in some month time
TATA STEEL - SHORT TERM VIEWLONG Above - 110.05, T1 - 116.55, T2 - 121.05, T3 - 125.50, T4 - 133.55, T5 - 142.20, T6 - 146.40....... SL 100.20
SHORT Below - 96.35, T1 - 93.75, T2 - 93.75, T3 - 91.15, T4 - 83, T5 - 74.75, T6 - 70.15, T7 - 65.85...... SL - 110
TATA Steel Double bottom breakoutTATA Steel Double bottom breakout with bullish engulfing candle.
CNX METAL indice also broke out and all metal stocks are moving up.
Strong chart, good for swing trading.
CMP 885
Enter above 995
Targets 930, 1000 and more.
SL 810 Closing basis.
-Saptarish_Trading.
chhanle breakout buy=933.73
target=953.35
stoploss=922.85
channal breakout entry with small stoploss and 1.80 risk-reward ratio;
positive volume index cross-over in 2hour time frame
TATASTEEL - short term tradeBuy TATASTEEL @/above 923
Intraday/Short term Target 961-980
Stop Loss 915-905
Profit approx. 4-6%
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.
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 IndiaSun Storm Investment Trading Desk & NexGen Wealth Management Service Present's: SSITD & NexGen Portfolio of the Week Series
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TATASTEEL Daily Bullish Crab
Price need to follow GREEN TREND LINE and hit Target 1 & 2 , else if Price BREAKS RED TREND LINE is EXIT
POTENTIAL BUY
RISING WEDGEMark our lvls.
And make sure you also do your own analysis.
It's only education purposes.
tata steel tata steel has monthly breakdown candle which brings trgts of nearly 750-730 there can be a good buy zone so we can buy puts of 760-740 for full trgt at spot or bounce
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!!
