TATA STEELWeekly timeframe chart of tata steel making triangle pattern looking negative below the trendline support
TATASTEEL trade ideas
Tata Steel : Flag Pattern Breakdown Tata Steel on Weekly TF Break the Flag Pattern in Downside. On Weekly TF we can see that the last week stock has made Doji on top of the neck line and in this week stock has made Marubozu Candle with High Volume( Red Marubozu which means that Open = high,Close = low). It indicates the stock is weak on Medium term is bearish. Momentum also weak on Daily, Weekly and Monthly Basis.
Short : CMP
SL : 113
Down Side Move : 101,98 Levels.
TATA STEEL 1W viewTata steel has broken the trendline and is ready to go upside.
Stoploss can be kept below the previous candle,i.e, around 117 levels.
Good R: R in this trade. Keep SL tight.
Trade safe. Manage risk. Be profitable.
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Disclaimer:- This is my view. Please analyze the charts yourself and then decide to take any trades.
Tata Steel 1D TFThese share have retested 200 MA and can give the big targets in future.. So Tara steel is suggested to buy......
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TATA STEEL going up !Expected Target 133 🎯 ( Swing Trading )
Note : This is just for Backtesting and Educational Purpose Only.
TATAT STEEL : Uptrend Continue....Metal Sector give continue outperform...All Metal stocks are trading well like Tata Steel, Jindal Steel, Sail....But on last week we discussed that Tata Steel had breakout on trendline and Flag Pattern Breakout also which is still continue the up trend strong momentum on short, medium and long term with volume support... Hold the Tata steel if you have and want to fresh buying then can purchase with CMP with stop loss at 120 level. on Intraday basis...!
Tata steel breakout We see breakout in tata steel 1day chart with the support of hammer candle which make it more bullish.
Buy tata steel Above 121
Target 124.70 127 132.85 138.45
Sl 116
Preparing for a big upside move The scrip is getting ready for pole and flag pattern breakout. keep in scrip in radar.
TATA STEEL LONG TERM BREAKOUTthe tata steel long term breakout due to expansion of steel industry tata steel will movement upside
Strong Upside Movement in TATA STEELNSE:TATASTEEL
Break out expected on weekly basis.
RSI is moving toward above 60.
- Weekly trendline breakout
- RSI > 60
- Price above 200 SMA
BUY
Tata Steel : Flag Pattern BreckoutTata steel chart on Daily TF we can see the Flag Pattern Breakout, strong support at 115 up side move can be possible at 131,145 levels...
Tata SteelUpdated Chart
111-120
Now close above 120 can give you levels as per FIBO
Stay invested../ Trailing
TATA STEEL Weekly chart of tata steel in which it get rejected from the trendline Resistance now we can short with sl 120
TATASTEELFollow up Chart
TATA STEEL 111-120
8 % returns in a month
Took longer than expected
but still 8% in a month is better than bank returns
TATA STEELTATA STEEL is looing strong as all metal sector looks strong and on weekly chart it is making triangle type pattern in which there is resistance of trendline if it cross with high volume then it can go upt o all time high
TATA STEEL Broken the Trend LineTATA STEEL took support on this trend line 3 times and now it broken with some big red candle in 1-day time frame.
Overall it looks like a bearish trend in weekly time frame and reverse in Fibonacci retracement tool at 61.8% level confirms the correction has finished and now ready to come down the mentioned levels. NSE:TATASTEEL
#TATASTEEL #SAIL #VEDL #JSWSTEEL #JINDALSTEL #nationalum #TCS#TATASTEEL
NSE:TATASTEEL
CMP: 111
TP: 120
SL: 105
TF: <2m
RR > ~2 times
Return > 10%
NSE:TATASTEEL
JSWSTEEL JINDALSTEL NATIONALUM HINDALCO TATASTLLP JINDALSAW JSL JSLHISAR JINDWORLD JINDRILL JINDALPHOT VEDL SAIL NSE:JINDALPOLY
Factors:
BULLISH WEDGE BREAKOUT
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
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With 💚 from Rachit Sethia
Tata steel If this stocks breaks todays's low then we will start short and if this stock price sustain above the 105 zone then can show some more gain in up side
