Descending triangle on TATA STEEL Hi Traders,
I am Bearish on Tata steel for tomorrow Forming a Descending triangle and consolidating for three days inside it.
1st Tgt-- 664
TTSTE trade ideas
TATASTEEL 1HRBEARISH DEEP CRAB ZONE On Type 1 Entry Earlier this same Pattern given good reaction & Hit TARGETS
now price is again in PRZ Zone of Pattern it becomes a TYPE2 Entry which is REVERSAL & strong RESISTANCE FROM MONTHLY WEEKLY & Daily Timeframes LEVELS everytime price was rejected .VERTICAL DOTTED LINE is Ultra high volume up bars - trap of Smart Money , Higher volume- Professionals are selling into the public buying
WITHIN 3-5 BARS WITH CONFIRMATION FROM BEARISH CANDLE & RSI MUST BE BELOW 70
SELL
TATA STEEL 60 MINS CHART (Near Break-out)TATA STEEL, 60 MINS CHART
ONLY Breakout above 694 can proceed towards 732
Disclaimer
I am Not SEBI REGISTERED Analyst
My Studies are Educational purpose only
Please consult with your financial advisor before trading or investing
Tata Steel can go up to 467 as per The line on the chart .....Tata Steel can go up to 467 as per The line on the chart ....
Tata Steel - Halt the rally and Correction time !!!Steel Stocks have Run a lot and now its time to halt the rally.
Big Bearish RSI Divergence on daily chart will do it for us.
One should look to take profit at these levels.
My targets are 585-590.
Invalidation is daily close above 730.
Broken Demand ZoneTata Steel Analysis.
Broken Demand Zone, expecting to go 620 and below.
Let's see.
Tatasteel DownTrend Short Short at 650
Reason :-
1. Shortening of Thrust
2.Break of Demand Line
3Price Below Weekly CPR
4.Swelling of Volume , AKA Capping of Market
5.Wave Structure change to Aggressive Sellers
6.Huge Effort(Aggressive Buyers) But No Result(No follow Through
7.Price below 55EMa and Making LH-LL
Tata Steel - may reverseFalling wedge seems to have been completed.
Go long for small targets.
I have purchased 700 call
TATA STEEL RUNNING W4. On smaller TF, W4 may have finished and W5 = W1 sets target to 787.
However, if W4 is yet to finish, it may take price level to 569. Taget from this level sets target to 714.
Aggressively one may enter in long trade now and average at 569 levels or enter after reversal and confirmation of upmove.
TATASTEELI'm not an expert I'm just sharing my views on TATA STEEL for next trading day
I'm not responsible for any profit or loss this is not a recommendation.
