TATASTEEL trade ideas
Tata steel-BuyBuy Buy.
Its target I have shown in the picture. Thank You.
Disclaimer: Don't just blindly Trade or Invest, learn and then trade. Manage your risks properly.
This analysis is purely for EDUCATIONAL purpose
TATA STEELHello and welcome to this analysis on TATASTEEL
From the recent highs after a tremendous rally for around 15 months TATASTEEL reversed and has so far shown all indications of a complex corrective within a falling channel.
After completing a WXY in end NOV near lower channel it bounced back to the upper end of the channel but in a corrective structure till mid JAN and then dropped sharply.
Now going forward if it holds above 1085 it might once again attempt a retest of the upper end of the channel near 1225-1250 to complete an X wave and from that level it could resume the last leg Z of the complex corrective till 900.
Key levels to be watched 1065 if breached now then bounce would be ruled out & 1300 which would negate the Z leg of the complex corrective.
Tata Steel | Longterm and Short term Viewcurrently is at local maxima. so sell.. buy on dips is applicable.. levels are mentioned in the chart
Tata Steel Intraday Strategy for 10/02/2022Tata Steel Intraday Strategy for 10/02/2022
Buy above : 1246.10
Sell below: 1207.50
Tatasteel good swing trade,keep an eye.Tata steel at very crucial levels, If it break the triangle resistance then it will fly to it's all time high. But it is not triggered yet and might be triggered in two or three trading sessions. But on the other hand if it fails to break this resistance then it will test its lower support which is great and good for sudden bounce.
So keep an eye on this swing trade. Trade as per your risk and manage proper risk reward ratio. Thanks.
TATASTEEL - Long viewDear All,
Kindly refer the chart for trading details.
Tata steel can give a possible good move.
Quarter on quarter results have not been that great compared to last quarter, however compared to last December the results have been good.
Sales have grown over the last quarter.
We can expect some good buying to happen in this sector.
Kindly read chart well.
The views expressed are for education purpose only
All the best,
Thanks & Regards
Your feedback is highly appreciated
TATASTEELDetail explanation provided in the chart.
Disc - Am not a SEBI registered. Please do your own analyses before taking any position. This post is only for educations purpose.
TatasteelTatasteel broke out of triangle pattern on 15 mins charts & comfortably trading above it with good volumes.
Could be bought with mentioned stoploss & targets.
Tata Steel is going to form a Double top soonWe are going to get an good opportunity to sell option of Tata steel. See the analysis do yours as well and make your target for the day.
TATA STEEL buy tata steel swing trade. seems in consolidation if break 1200 and sustain above 1200 buy and target will be 1264,1315,,1524
Tata Steel pattern formationTriangle pattern formation, with fibonacci crossover indicating buy, how will the trade go?
TATA STEELNSE:TATASTEEL
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SHORT TATA STEEL (below 1061)TATA STEEL has formed a perfect head and shoulder pattern. Any closing below 1061 will open targets for next support on 955.
TATA SteelThe stock has reached lower trendline and may undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby.
Risk Reward Ratio - 3:1
SL is placed below support zone & the lower trendline. The target is placed near resistance.
Market is bearish, so take positions carefully.
TATA STEEL DOWNSIDE POSSIBLE TARGET 750Tatasteel may hit a downside target of 750 Rs buy end of March 2022.
Tata steel near supportTata steel is near a crucial suppor on daily time frame.
It is respecting the support and has reversed on previous occasion.
It can reverse if it closes above 1070 and tomorrow there is green candle.
Wait for it to reverse.
TatasteelTatasteel is trading near 3-4 months supoort zones of 1160. It has given good upmove from these levels in recent past.
Try to buy here & add more on dips till 1080 with stoploss slightly below 1060 for targets of 1150/1200 positionally.
Tata Steel looks good for long Tata Steel after a correction is under consolidation....making higher low and higher highs in the channel...chances of a breakout if it maintains above 1160.
Tata Steel Awaiting Channel BreakoutTata Steel after a correction is under consolidation....making higher low and higher highs...chances of a breakout if it maintains above 1160.
