TATASTEEL trade ideas
TataSteel - Elliott wave analysis - 5th of 5th waveIt is in 5th of 5th wave is moving higher towards 1375 target zone.
Price ActionTrend lines can be used to trade, if it closes beyond those trend lines trade can be taken respectively
TradingWise Supply and Demand IndicatorTradingWise Supply and Demand Indicator is based on the Price Action candlestick patterns to identify the Supply and Demand zones in the charts (Areas of liquidity). It works on all Timeframes and Asset Classes. This Script helps the traders to identify the demand and supply zones with identifications on the candle stick patterns indicating the origin of the Strong move. Also it generates Alerts automatically once the supply or demand area is formed thus by reducing the hours spent on the charts and reducing the missed trade Opportunities as well. This Indicator is extremely helpful for those on Full time Jobs/ Busy Schedule.
Buy/Sell Alerts by Indicator:
Green Diamond + DZ Sign ---> Indicates the Demand Zone Formation. Place Buy Trade upon Entry Criteria Met
Orange Diamond + SZ Sign ---> Indicates the Supply Zone Formation. Place Sell Trade upon Entry Criteria Met
Tata steel ltd.Tata steel is in all time high . It is taking support from the trendline and their is RSI divergence. If it break 1254 level we can short for the target of 1239.
What Next In TATASTEEL NSE:TATASTEEL
We are going to see a weekly chart of TATASTEEL and there is nothing much to explain here about trend. If one can look at moving average it’s clearly indicating an uptrend. Only concerned for TATASTEEL was consolidation/Profit Booking we have seen from 10th May 2021 after making lifetime high of 1218.
In last week Tata steel did show good bullish trend and taken out previous Lifetime high of 1218, week has closed near its high without any major wick for weekly candle, also, we have seen descent volume to this weekly candle which means good efforts for breakout.
So, what is next In TATASTEEL? Well as per overall price structure we should see continuation of bullish trend in Tata steel with some pauses in between. As far as next targets are concerned we can prefer to Fib Extensions which are plotted on weekly chart of TATASTEEL.
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TataSteel - Elliott wave analysis - 5th waveIt is in 3rd of 5th wave in impulse sequence up started from 1050.
Flag Pattern in Tata SteelFound out a flag pattern in Tata Steel and almost BB squeeze breakout. Price Target from here should be 1736 if it gives a break out on Monday and Time target should be around 3 weeks. Would love some insights on this
Tata Steel - Flag pattern breakout with good volume in 1W TFChart is self explanatory.
Don't invest and trade blindly.
Tatasteel....still bullish ??With steel prices firming in china commodity market.
Tatasteel likely to been bought into every decline...
currently 1183-1185 remains a hurdle to cross for more bullishness.
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TATASTEELS CRITICAL LEVELSConsidering the building domestic demand and china factors, it appears this one is in a downward slopping consolidation which i feel is good since it may prevent further downward fluctuations. As it appears to strengthen in a uptrend, though taking positions not recommended. Increasing market demand with Covid influence and further lockdowns will take it to new heights in coming months.
Buy Tata Steel for Target of 1200+Tata Steel is at crucial Demand Zone. It has shown resistance around 1130 Levels. Given the Past Price action we can see the stock crossing 1200 Levels soon
Tatasteel coming back to 200 Moving average in 2 daysTatasteel coming back to 200 Moving average in 2 days
Target put at 200 ma line.
