TTSTE trade ideas
TataSteel, 200 DMAI attribute lot of importance to three DMA--50,100 and 200. Why? Here is the logic to elaborate the same. Have look at the arrows. Price slid down 200 DMA and then it made two attempts to reach 200DMA but could not surpass the same. Since 50 crossed 200 on the downside. Now 100 crossed 200 which is quite negative. All rises will be sold. I posted this chart many days ago.
TataSteel, BreakdownBreaks down the support level. Why? 50 DMA crossed 200 DMA and now 100 DMA crossing 200 DMA will accelerate the downslide.
TataTseelI repeated that result time should be avoided. Q4 result has been quite good yet price came down.
TATA STEEL to reboundTata Steel is now out of the downtrend channel and also we can see bullish divergence which confirms the short term trend reversal.Long term view for tata steel is very bullish but it has to move out of the accumulation phase for bull run.I've drawn some resistance lines.Watch these levels for possible pullback.we can expect uptrend if it manages to cross these levels.
Key levels
657
684
719
tatasteel may start a new long trend as i shoed you on the chart tatasteel may start a new long trend
. trade with your own risk
Tata Steel ---ShortSeems Tata Steel down trend for shorterm has started... Short below 608 1st traget 597 2nd target 566, strict stop loss of 624
TATA STEEL SHORTTata Steel is a short call. Descending Triangle breakout with volumes.
SELL 625-630, Stoploss 635, Target 575, 525
Tata Steel - Rs 450 - October 2018 TargetIf you hold Tata Steel in your portfolio, it's prudent to exit at the current level and book profits. We are expecting the stock to head lower until October of this year. And then we can buy the stock at a discounted price of around Rs 450.That is the whopping 40% off of the current price. Call it the Great Diwali Sale for Indian stocks.
TataSteel, SupportWhen a well-defined support line is broken down, price moves on a faster pace. This is technical side of the story. There is fundamental reason involved. US president Trump has picked into Indian steel and steel products. In such an unprecedented strike which nobody would have imagined, a trader can save capital only by adhering to appropriate stop loss entered into the system and not in mind. There is no other way out there.
TataSteel, Tripple BottomThe stock is in strong bull market and presently taking support at a well-defined support line respected for several occasions. There are three bottoms made successively. Price is also near significant MA i.e. 200 DMA which big traders and investors follow for direction. Holding to this support zone, there is a high possibility of trend assertion.
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