Consolodating, Holding the levels.Tatasteel looking very very strong from here. Tomorrow could be trending day. SL 1407
TTSTE trade ideas
Tata steelTata steel stock is in wave 5th of wave 3rd of the recent impulse till it ends, on daily charts, the most recent rally is ended in wave 3, as per theory,
both rsi and macd are showing bearish divergence in daily time frame, and this can also be seen in poor volumes and participations in metal stocks during the most recent rally, this is typical of wave 5 of some degree, as per scenario wave 4 depth of correction is marked near 1070 to 1100 range. it sounds hard but who knows we can go there if wave 3 comes to an end.
Key Levels are Mentioned on chart
Wave Structure and Volume
Rsi bearish Divergence in daily time frame
Macd bearish divergence in daily time frame
Creating bkt in daily time frame
Waiting for confirmation
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
Tatasteel Triangle BreakoutBuy or sell Tatasteel of it breaks either side with mentioned sloss & target
tata steel consolidation breakout causes further bull run 10%In range bound, breakout causes further upside, strong momentum.
Tata Steel ChannelTata steel has created a Channel in 30 min time frame and is expected to be in range
Fibonocci, Breakout @ 50 % lineWatchout.. LTP taking support and consolidating around Fionnoci 50% line , Trinagle Formation, Pull BAck after Touching Higher Highs.. Look out
Tatasteel - Elliott wave analysis - 5th up It is correcting down in ABC and B is in progress. It is expected to bounce before it starts C wave down.
Tata steel intraday market analysis for 30/8/21 Tata steel is making symatrical triangle pattern if market gives breakout to this pattern then take buy or sell target.
if market open gapup then wait for retest 1382 level after retest you can take buy trade
TATA STEEL INVERTED CUP & HANDLE TATA STEEL INVERTED CUP & HANDLE - AUGUST 26
IN 5 MIN TIME FRAME ITS SO CLEAR
if it Breaks 1380 Go For Selling Based On Your Setup
TATA STEEL after retest TAT A STEEL is ready for breakout Strong support at 1470 and Resistance is 1535
BUY above 1510
&
SELL below 1490
For 20 point
NSE:TATASTEEL
Breakout in Tata Steel (Weekly)Charts are self explanatory. Nifty Metal Index breakout gives more steam to it...
Rally in TATASTEEL can be ridden till 1500+ levelsTATASEEL has been on a good bulllish run for a while now. Been trailing it from the time it has crossed the 1000 levels. Once it broke that psychological level, it never even went close to that again. This shows great bullishness in the stock and therefore we can expect further momentum. Earnings to also be posted soon by the company. Near term target 1500. Stop Loss can be the last intraday swing 1367. CMP 1436. Cheeers and let's hope we trail 1500 this time!!!
Breakout resistanceTata Steel
-Resistance breakout can be expected around 1480 (might see), if yes, the sideways trend will be broken.
- bullish engulfing is formed on the previous trading day
Thank you!
please feel free to comment ur suggestion.
TATA STEELConsolidation phase as marked on chart.
Waiting for breakout.
Fibo levels plotted for resistances
Tatasteel - Elliott wave analysis - 5th up It is in 5th of 5th wave as expected in earlier updates. Now it is moving higher and may test 1560 before it start the next correction down. Below 1366, it will start correctio and can go up to 1000 level as the part of correction.
TATASTEEL - watch double topTATASTEEL trading at higher levels - with huge volumes
Currently facing resistance at this level - & also watch CNXMETAL -- also facing resistance --
Trading at 50/100/200 days moving avg's
Check NIFTY trend and also the current resistance level - before taking long position.
In short term, possible correction -- trade cautiously.
Please do own research before investing.
