Tata Steel 1hour Ascending Triangle Breakout 13 Oct 2021Tata Steel 1hour chart Ascending Triangle pattern made a Breakout 13 Oct 2021. Watch out for Fakeout / Retest.
TTSTE trade ideas
TATA STEEL INTRADAY...NSE:TATASTEEL
TO ANALYSIS STOCKS FOR INTRADAY-
1- switch to higher time frame and analysis the trend which market is currently following
2- also candelstick pattern are effective in higher time so look for any of that( inside bar , doji , engulfing etc)
3- then switch to your trading time frame and then trade in that
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Tata SteelTata Steel look weaker on Daily Time Frame.
It has broken trendline which started from price 500 to price 1500.
Also it has fallen down to 1270. Support was 1300.
Support is broken.
Now Trading 1307. Down move expected to 1050 price Soon.
Tata Steel 15min chart Ascending Triangle 10 Oct 2021Tata Steel 15min chart forming Ascending Triangle 10 Oct 2021. Watch out for breakout.
TATA Steel sell for day tradeTATA Steel breaks down trendline if the bear market continue for stock then we will short TATA steel for day trade
TATA STEEL HOURLY CHART Trading at imp support , it is week below 1270 , tgt 1255/1240 in intraday . negate if closed above 1300-1305
TATA SteelTATA Steel - Sell
Weak on charts
RSI - 36.51 - towards the oversold zone
Below 50 MA
My Suggestion : Enter only once it moves above 1400 levels & goes above the 50 MA
Tatasteel looks good above 1455 range with strict slTatasteel looks good above 1455 range but RSI is oppsosit on chart please take position only after analysing your risk or can trade fr intraday it can give good move but if it is able to close above al cluster then for sure we can see new ATH
TATASTEEL Keep an eye on this pattern formed in #TATASTEEL
can give a good breakout
on the either side of the pattern
can book 1:2 RR
Sell Tata Steel, CMP 1290Tweezer top Bearish Candlestick pattern formed in Tata Steel. Sell for a quick gain. TP 1275
Selling volumes high in the box but no visible downfall, will refractor in eventually.
Short with 1 % risk and Reward of 1:2Short with 1 % risk and Reward of 1:2
NOTE: You should not engage in trading unless you fully understand the nature of the transactions you are entering into and the extent of your exposure to loss. If you do not fully understand these risks you must seek independent advice from your financial advisor. All trading strategies are used at your own risk.
TATA Steel Inverted flag and pole pattern. Time frame: 1 Hour
Chart pattern: Inverted flag and pole pattern
tatasteel buy ideamonthly atr is 147 and previous month close was 1443, max correction to be 1296, but it has gone down more than that and currently taking support at 144 WDMA value 1260, is making a prz here where xabc done and d leg to form. and also AB=CD level coming at this area which might not extend more because since last 3 months this stock is doubling its upward journey speed during the expiry week after a sharp fall in the 3rd week.
buy should be initiated after a close above 1275, at least in a one hour chart for target 1, 1300 and target 2 1340 which is 8 dsma. view is negated a close below 1260 in daily chart and wait for 1180 or setting a stoploss at 1275 an aggressive short can be initiated for 1180.
Short Trade on Tata SteelTarget- 1190
Time Frame - 10 trading sessions
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Head and Shoulder pattern has been formed on Tata Steel charts and the pattern has also been confirmed!
RSI is also around 40 which justifies the weakness in the stock.
MACD histograms are also justifying increasing weakness in the stock.
According to the head and shoulder pattern the stock must go to 1190 levels within 10 trading sessions.
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.
TATASTEEL range breakout post is for educational purpose only
short term pic
TATASTEEL showing consolidation now given a breakout
with good volume
go long
follow strict sl and manage risk as per your risk appetite
Tata Steel - Buy OpportunityTata Steel - Buy Opportunity
Entry: 1452
SL: 1444
TG1 : 1498
TG2: 1425
TG3: 1445
BREAKOUT IN HOURLY CHARTTata Steel taking support on trendline and broke the resistance with volumes, one can go long with SL at 1448
BULLS on TATASTEELHI!
Here we've got rising triangular, breaking resistance now.
Before we saw expanding triangular, so price is about to rise now!
Have a good trade!
TATA Steel Short Term ReversalThe stock has reached lower trendline and may undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby.
Risk Reward Ratio - 2:1
SL is placed below support zone & the lower trendline. The target is placed based on fundamentals.
