TATASTEEL trade ideas
Short Trade on Tata SteelTarget- 1190
Time Frame - 10 trading sessions
*************************************************
Head and Shoulder pattern has been formed on Tata Steel charts and the pattern has also been confirmed!
RSI is also around 40 which justifies the weakness in the stock.
MACD histograms are also justifying increasing weakness in the stock.
According to the head and shoulder pattern the stock must go to 1190 levels within 10 trading sessions.
TATA STEEL - Divergence asisted reversal of polarity1. Divergence with RSI on daily TF.
2. Still has not not broken the July candle range.
3. Look at the RSI. It has always taken an up thrust whenever it has come near the demand zone.
4. We have a similar formation in the stock this time.
The trend might reverse from here.
These are my insights. I can be wrong as well.
TATASTEEL range breakout post is for educational purpose only
short term pic
TATASTEEL showing consolidation now given a breakout
with good volume
go long
follow strict sl and manage risk as per your risk appetite
Tata Steel - Buy OpportunityTata Steel - Buy Opportunity
Entry: 1452
SL: 1444
TG1 : 1498
TG2: 1425
TG3: 1445
BREAKOUT IN HOURLY CHARTTata Steel taking support on trendline and broke the resistance with volumes, one can go long with SL at 1448
BULLS on TATASTEELHI!
Here we've got rising triangular, breaking resistance now.
Before we saw expanding triangular, so price is about to rise now!
Have a good trade!
TATA Steel Short Term ReversalThe stock has reached lower trendline and may undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby.
Risk Reward Ratio - 2:1
SL is placed below support zone & the lower trendline. The target is placed based on fundamentals.
Consolodating, Holding the levels.Tatasteel looking very very strong from here. Tomorrow could be trending day. SL 1407
Tata steelTata steel stock is in wave 5th of wave 3rd of the recent impulse till it ends, on daily charts, the most recent rally is ended in wave 3, as per theory,
both rsi and macd are showing bearish divergence in daily time frame, and this can also be seen in poor volumes and participations in metal stocks during the most recent rally, this is typical of wave 5 of some degree, as per scenario wave 4 depth of correction is marked near 1070 to 1100 range. it sounds hard but who knows we can go there if wave 3 comes to an end.
Key Levels are Mentioned on chart
Wave Structure and Volume
Rsi bearish Divergence in daily time frame
Macd bearish divergence in daily time frame
Creating bkt in daily time frame
Waiting for confirmation
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
Tatasteel Triangle BreakoutBuy or sell Tatasteel of it breaks either side with mentioned sloss & target
tata steel consolidation breakout causes further bull run 10%In range bound, breakout causes further upside, strong momentum.
Tata Steel ChannelTata steel has created a Channel in 30 min time frame and is expected to be in range
Fibonocci, Breakout @ 50 % lineWatchout.. LTP taking support and consolidating around Fionnoci 50% line , Trinagle Formation, Pull BAck after Touching Higher Highs.. Look out
Tatasteel - Elliott wave analysis - 5th up It is correcting down in ABC and B is in progress. It is expected to bounce before it starts C wave down.
Tata steel intraday market analysis for 30/8/21 Tata steel is making symatrical triangle pattern if market gives breakout to this pattern then take buy or sell target.
if market open gapup then wait for retest 1382 level after retest you can take buy trade
TATA STEEL INVERTED CUP & HANDLE TATA STEEL INVERTED CUP & HANDLE - AUGUST 26
IN 5 MIN TIME FRAME ITS SO CLEAR
if it Breaks 1380 Go For Selling Based On Your Setup
TATA STEEL after retest TAT A STEEL is ready for breakout Strong support at 1470 and Resistance is 1535
BUY above 1510
&
SELL below 1490
For 20 point
NSE:TATASTEEL
