Tata Steel Analysis By DP Sir Tata Steel is at ATH level .
If Breaks out here then we can see 180 in short time
Wait for breakout and retest
TTSTE trade ideas
TATA Steel Ltd. looking bullishTATA Steel Ltd. looking bullish
The monthly, weekly, and daily RSI is above 60.
It is approaching its all-time high of 153. One can notice that the volume is increasing as it nears its all-time high.
Also, while CUP pattern formation price action was making higher highs and lows.
If it breaks the all-time high with volume and retests the neck levels, it would be a high-probability trade with risk a risk-reward ratio of a little over 3. Before entering the trade, analyze the metal index chart (CNXMETAL).
TATA STEEL S/R for 22/2/24Support and Resistance Levels:
Based on the price action, you have to identify two significant levels: the red line acting as resistance and the green line acting as support. Additionally, there have marked red and green shades to represent resistance and support zones, respectively.
Support: The green line and green shade represent support levels. These levels are where the price tends to find buying interest, preventing it from falling further. Traders can consider these levels as potential buying opportunities.
Resistance: The red line and red shade represent resistance levels. These levels are where the price tends to encounter selling pressure, preventing it from rising further. Traders can consider these levels as potential selling opportunities.
Breakouts: If the price breaks above the resistance zone (red shade) convincingly, it may indicate a bullish breakout, and the price could move higher to the next resistance level. On the other hand, if the price breaks below the support zone (green shade) convincingly, it may indicate a bearish breakout, and the price could move lower to the next support level.
Keltner Channel:
The Keltner Channel is a technical indicator that uses an exponential moving average (EMA) to create an upper and lower channel around the price action. Traders can use this channel to identify potential long and short positions.
Long Position: If the price is above the upper line of the Keltner Channel, it may indicate a potential long opportunity, as it suggests the price is trading above the average range and might continue in an upward trend.
Short Position: If the price is below the lower line of the Keltner Channel, it may indicate a potential short opportunity, as it suggests the price is trading below the average range and might continue in a downward trend.
Disclosure: I am not SEBI registered. I just wanted to let you know that the information provided here is for learning purposes only. Please consult your financial advisor before making any decisions. Tweets neither advice nor endorsement.
TATASTEEL - Tata Steel Ltd - An Overview to Buy & HoldCompany Overview:
Tata Steel is one of the largest steel producers in the world, headquartered in India.
They operate across the entire steel value chain, from mining and ironmaking to steelmaking and downstream businesses.
The company has a large domestic presence in India and international operations in Southeast Asia and Europe.
Recent Performance:
As of February 18, 2024, TATSTEEL's stock price is 142.25.
The stock has experienced some volatility in recent months, but overall, it has been on a positive trend in the past year.
The company's financial performance has also been improving, with increasing revenue and profits.
Key Factors to Consider:
Global steel demand: The steel industry is cyclical, and Tata Steel's performance is tied to global steel demand.
Iron ore prices: Iron ore is a key raw material for steel, and its price can impact Tata Steel's profitability.
Government policies: Government policies in India and other countries where Tata Steel operates can affect the company's business.
Competition: Tata Steel faces competition from other steel producers around the world.
Sustainability: Tata Steel has set ambitious sustainability goals, which could attract investors who are focused on ESG (environmental, social, and governance) factors.
Based on the chart, the following are the support and resistance levels for Tata Steel Ltd.:
Support levels:
159.50
147.40
145.30
140.00
137.70
135.40
132.50
127.90
Resistance levels:
161.80
156.00
152.00
147.50
142.45 (current price)
141.20
The stock is currently trading at 142.25, which is just below the resistance level of 142.45. If the stock price breaks above this level, it could continue to rise towards the next resistance level of 147.50. However, if the stock price falls below the support level of 141.20, it could fall further to the next support level of 137.70.
It is important to note that these support and resistance levels are not guaranteed to hold. The stock price could break above or below these levels at any time. It is important to do your own research before making any investment decisions.
Disclaimer: I am not a financial advisor approved by SEBI and this is not financial advice. Please do your own research before making any investment decisions.
TATA STEEL S/R for 15/2/24Support and Resistance Levels:
Based on the price action, you have to identify two significant levels: the red line acting as resistance and the green line acting as support. Additionally, there have marked red and green shades to represent resistance and support zones, respectively.
Support: The green line and green shade represent support levels. These levels are where the price tends to find buying interest, preventing it from falling further. Traders can consider these levels as potential buying opportunities.
Resistance: The red line and red shade represent resistance levels. These levels are where the price tends to encounter selling pressure, preventing it from rising further. Traders can consider these levels as potential selling opportunities.
Breakouts: If the price breaks above the resistance zone (red shade) convincingly, it may indicate a bullish breakout, and the price could move higher to the next resistance level. On the other hand, if the price breaks below the support zone (green shade) convincingly, it may indicate a bearish breakout, and the price could move lower to the next support level.
Keltner Channel:
The Keltner Channel is a technical indicator that uses an exponential moving average (EMA) to create an upper and lower channel around the price action. Traders can use this channel to identify potential long and short positions.
Long Position: If the price is above the upper line of the Keltner Channel, it may indicate a potential long opportunity, as it suggests the price is trading above the average range and might continue in an upward trend.
Short Position: If the price is below the lower line of the Keltner Channel, it may indicate a potential short opportunity, as it suggests the price is trading below the average range and might continue in a downward trend.
Disclosure: I am not SEBI registered. I just wanted to let you know that the information provided here is for learning purposes only. Please consult your financial advisor before making any decisions. Tweets neither advice nor endorsement.
TATA STEEL Introduction:
Leveraging extensive experience in stock market trading, we delve into Tata Steel, providing simplified insights to inform your investment strategy.
Key Findings:
1. **Performance Overview**: Tata Steel's historical performance reveals trends critical for understanding its behavior.
2. **Fundamental Analysis**: Fundamental metrics offer insight into Tata Steel's health and future prospects.
3. **Technical Indicators**: Utilizing indicators like moving averages and RSI, we identify entry and exit points.
4. **Market Sentiment**: Analysis of sentiment helps gauge market perception towards Tata Steel.
Recommendations:
1. **Target Price**: OPEN FOR INTRADY FOR A WEEK
2. **Stop Loss**: MAXIMUM RETRACEMENT IS 2%
Conclusion:
Our Tata Steel analysis simplifies investment decisions. Utilize the provided chart values to navigate your investment journey effectively.
Tata SteelTata Steel :
1. Weekly Breakout above 139 levels....
2. Some profit booking seen on last 3 trading sessions...
4. Long term looks very good...
5. I have marked price road map on the chart...
6. Every dip you can add ...
7. Traders can use to plan their trades based on the levels...
Happy Trading
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Tata SteelNext sector considering India growth story which is about to breakout is Metal Sector.
Tata Steel is at verge of Breakout - Breakout soon stock.
Be ready and keep on radar...
Monthly Chart
Accumulate for long term investment.Accumulate for long term investment. Price near Book value and at attractive 4.5 PE. Support and resistance levels as shown in chart
📈 Tata Steel: Bouncing Off Support and Eyeing New Highs! 🚀Hello traders!
Today, let's dive into $NSE:TATASTEEL. Here's the breakdown:
📉 Support Bounce: Tata Steel has recently touched its support at Rs.132 and is now making a move upward.
📈 Targeting ₹140: The current trajectory suggests a push towards the near-term profit target of ₹140.
💹 Derivative Opportunity: For derivative traders, considering the 130 call option could be a strategic move.
✨ Potential Upside: With good support, there's a chance for Tata Steel to soar higher. Keep a close watch for further developments.
🔄 Dynamic Market: Always remember, the market is dynamic, and these are observations. Conduct your analysis before making any trading decisions.
🤔 Your Take: How do you interpret Tata Steel's movement? Share your insights in the comments!
📌 Stay Updated: Let's navigate these markets together. Stay tuned for more posts and updates!
Best regards,
Alpha Trading Station
TATASTEEL ready for another 9% move?Tatasteel set to move another 9%?
NOTE : I am not a professional investor; I have only two years of experience in stocks and investing. Please refrain from making any trades based on my chart analysis, as this is solely for community learning purposes.
TATA Steel. Trend line breakout above 145.5Metal sector is buzzing. Tata Steel is getting ready for a breakout after SAIL
TATASTEEL--Near Its Resistance??This stock is now at resistance levels....
on bottom side a strong support is created at 136 levels...
if this support fails, next we have trendline support,
if both fails then will look for short side....
now this resistance point is to book profits and keep in long side until price breaks this demand and trendline. On bottom neckline support @129 as well...exit from long when price breaks this level of support.
TATA STEEL S/R for 7/2/24Support and Resistance Levels:
Based on the price action, you have to identify two significant levels: the red line acting as resistance and the green line acting as support. Additionally, there have marked red and green shades to represent resistance and support zones, respectively.
Support: The green line and green shade represent support levels. These levels are where the price tends to find buying interest, preventing it from falling further. Traders can consider these levels as potential buying opportunities.
Resistance: The red line and red shade represent resistance levels. These levels are where the price tends to encounter selling pressure, preventing it from rising further. Traders can consider these levels as potential selling opportunities.
Breakouts: If the price breaks above the resistance zone (red shade) convincingly, it may indicate a bullish breakout, and the price could move higher to the next resistance level. On the other hand, if the price breaks below the support zone (green shade) convincingly, it may indicate a bearish breakout, and the price could move lower to the next support level.
Keltner Channel:
The Keltner Channel is a technical indicator that uses an exponential moving average (EMA) to create an upper and lower channel around the price action. Traders can use this channel to identify potential long and short positions.
Long Position: If the price is above the upper line of the Keltner Channel, it may indicate a potential long opportunity, as it suggests the price is trading above the average range and might continue in an upward trend.
Short Position: If the price is below the lower line of the Keltner Channel, it may indicate a potential short opportunity, as it suggests the price is trading below the average range and might continue in a downward trend.
Disclosure: I am not SEBI registered. I just wanted to let you know that the information provided here is for learning purposes only. Please consult your financial advisor before making any decisions. Tweets neither advice nor endorsement.
TATASTEEL - Be caution TATASTEEL - Be caution below 120.
If come to 105 Buy with Stop loss of 94. For Investment
Please comment if you wish to see my analysis for any stocks.
Please do your due diligence before trading or investment.
Thank you.
TATA STEEL S/R for 29/1/24Support and Resistance Levels:
Based on the price action, you have to identify two significant levels: the red line acting as resistance and the green line acting as support. Additionally, there have marked red and green shades to represent resistance and support zones, respectively.
Support: The green line and green shade represent support levels. These levels are where the price tends to find buying interest, preventing it from falling further. Traders can consider these levels as potential buying opportunities.
Resistance: The red line and red shade represent resistance levels. These levels are where the price tends to encounter selling pressure, preventing it from rising further. Traders can consider these levels as potential selling opportunities.
Breakouts: If the price breaks above the resistance zone (red shade) convincingly, it may indicate a bullish breakout, and the price could move higher to the next resistance level. On the other hand, if the price breaks below the support zone (green shade) convincingly, it may indicate a bearish breakout, and the price could move lower to the next support level.
Keltner Channel:
The Keltner Channel is a technical indicator that uses an exponential moving average (EMA) to create an upper and lower channel around the price action. Traders can use this channel to identify potential long and short positions.
Long Position: If the price is above the upper line of the Keltner Channel, it may indicate a potential long opportunity, as it suggests the price is trading above the average range and might continue in an upward trend.
Short Position: If the price is below the lower line of the Keltner Channel, it may indicate a potential short opportunity, as it suggests the price is trading below the average range and might continue in a downward trend.
Bullish Engulfing TATA Steel 15 minBullish Engulfing TATA Steel 15 min
Only for educational purposes
TATASTEEL--Head & Shoulders Pattern??this stock is showing bearish pressure...
now price is reversal from the neckline, which is strong.
don't go for short side...if neckline acts as resistance, then will go for short …until keep in long side only.
@Tata Steel Swing/short TradeRisky Trade
Entry Above @ 134.5
SL Below @ 134
Target @ 136 ,@ 137.5 ,@ 141 ,@ 147
Normal Trade
Entry Above @ 137.70
SL Below @ 136
Target @ 141 ,@ 147
If you want minimize risks After Entry put @SL at last Higher-Low(HL) or follow trend line as SL or Trailing-SL
Plz Note : This levels are only for Swing Trade & Disclaimer : All Information on this page is for educational purposes only , we are not SEBI Registered. Please consult a SEBI Registered financial advisor for your Financial matter before investing & taking any decision. We are not responsible for any profit/loss you made
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Tata Steel14/01/2023
TataSteel on weekly chart
PRZ: 110 to 105
Information is only for study purpose
TATA STEELTATA STEEL is moving in the range for 1000+ days we can see a good move upside if it break.
Company Q results are strong.
Tata Steel Green weekContinuous up trend after retesting the levels. next hurdle is 152. Huge green candles incoming.
No negative impact for instant future.
