TTSTE trade ideas
tatasteelDoublebottom
uptrend
now facing major resistance
after breakout or breakdown good move either side
1167. 383 buy zone for intraday with 3 pts sl and 5 pts targetSL compulsory
need to patiently wait for the entry price to trigger.
Tata Steel - BUY - Short TermHI
Tata Steel seems in a upside momentum as of now.
If it goes above 369.20, we can buy it, with SL of 356 and target of 389/400.
MACD is also positive.
RSI is above 50.
Volumes is slowly increasing.
Tata Steel -Short term Pullback Tata Steel has a Harami pattern ( not an exact textbook style) at its low... looks like a pullback to 365, beyond which it may turn bullish too...
Long Position on Tata SteelThe Candles are forming a morning star emoji. I can identify a support leave near the current price range however the closest resistance is near 400. Taking a 3% variance and booking profits at 388 and setting a stop loss at the low of of the formation still provides a great Risk Reward Ratio.
The MACd cross happened Also the RSI levels are oversold.
