Tata Steel - may reverseFalling wedge seems to have been completed.
Go long for small targets.
I have purchased 700 call
TATASTEEL trade ideas
TATA STEEL RUNNING W4. On smaller TF, W4 may have finished and W5 = W1 sets target to 787.
However, if W4 is yet to finish, it may take price level to 569. Taget from this level sets target to 714.
Aggressively one may enter in long trade now and average at 569 levels or enter after reversal and confirmation of upmove.
TATASTEELI'm not an expert I'm just sharing my views on TATA STEEL for next trading day
I'm not responsible for any profit or loss this is not a recommendation.
TATASTEEL Breakout TATASTEEL multiyear breakout, strong resistance near 750 level, need to be kept in focus by looking at the price action and the volume levels. levels as high as 910 developed in TATASTEEL. NIFTY METAL performing very good. STEEL companies all over the world performing well.
Go long on TATASTEEL with stop loss at 700 level, highly unlikely to be reached.
MACD crossover visible on daily chart.
Since huge buying was seen today, there might be some consolidation or selling tomorrow so keep that in mind.
RSI is in overbought zone so keep that in mind as well. But it seems to hold the overbought zone since the past few days.
Both derivatives and equity can be bought, i would recommend buying 750CE or cash equity as per risk apetite. if 750CE or futures are being bought, kindly have a serious look at the price action tomorrow as atleast some retracement of today's maribozu is possible.
Kindly let me know if any clarifications are requires, you may message me or comment on this post.
Great profit opportunity visible in the steel sector in the near future, global ques also positive.
Note
Post only for education purposes.
Tata Steel: Time to watch: India By Sun Storm Investment Research
A Profit & Solutions Strategy
Disclaimer: I am not a financial advisor, so please do your own research before trading anything
Tatasteel viewIn previous update I said that buy near 550 but it turned out from 585 and break resistance and moved 6+% in a day. Now Tatasteel created big green candle in weekly chart. So ,Buy on dip simple.
Tata Steel may come down a bitTata Steel may come back within positive channel and thought still trend is positive there could be opportunity for shorting for few points maybe 25% width of channel.
Be careful the correction is not 25% of 722 it is 25% of width of channel.
Tata Steel692 to 710 is a Possible reversal zone based on multiple Harmonics
Short only if we can find reversal from PRZ, Trend is still upwards
Tata Steel Turning Bullish - Expected Target around 680--700Bull Call Spread on Tata Steel
+1x 31DEC2020 630CE - ₹ 9.65
-1x 31DEC2020 680CE - ₹ 1.4
Max. Profit - ₹ +70,975
Max. Loss - ₹ -14,025
Max. RR Ratio - 1:5.00
Breakevens - 639.0
Estimated Margin/Premium - ₹ +36,997
Tata Steel: Time to Buy & hold: IndiaHappy New Year
By Sun Storm Investment Research
A Profit & Solutions Strategy
Disclaimer: I am not a financial advisor, so please do your own research before trading anything
TATA STEELTata steel had touched very important resistance level but it couldn't able to break. So may be this stock will go to downtrend. If you like my idea then please follow me on tradingview.
Tata Steel - Intraday Trade SetupTata Steel CMP - 643.10
Looking bearish in higher time frame. One can go for Intraday / Swing Trade setup with the following entry, exit & targets
Sell at or Below 640 / Stop Loss 654
Target 1 - 635
Target 2 - 630
Target 3 - 625
Disclaimer: This is my view and for educational purpose only.
divergence price action strategySee all my Publications if it seems to give you both knowledge and profit then only like subscribe and share to your near and dear.
thanks for my masters trading panthulu, day trader telugu, and nayan pokarkar.
These are all for educational purpose please consult your financial advisor before investing your hard earned money.
TATASTEEL.645-650.Lvels to watch..close above move 660-672-697If Not able to sustain 645-650 then downside
Tata Steel - Intraday Trade SetupTata Steel CMP - 601.35
Looking bearish in higher time frame. One can go for Intraday Trade setup with the following entry, exit & targets
Sell at or Below 600 - 599 / Stop Loss 607
Target 1 - 597
Target 2 - 595
Target 3 - 591
If it breaks 590 below then again sell at 585 with stop loss 595 target 576
Disclaimer: This is my view and for educational purpose only. Trade according to your risk and am not responsible for your loss.
Tata Steel - End of Wave 3 - Ready for a quick correction?Tata steel has had a stellar runaway in the past 3 months. Considering the march lows of 240() and recent highs of 640().
I prefer to use 3 hour time frames to understand the broader trend of the stock. It seems that TATA STEEL is preparing for its corrective wave 4 for the time being. Wave 4 at max corrects till 38.2 % fib levels. Considering the September lows of 340 and recent highs of 640, the possible levels comes down to 570 and 520.
Wave 4 usually corrects with the price or with time. 520 seems to be an interesting price to accumulate the same for the long term investments.
Wave 5 is pending :)
TATASTEEL - WEAK METAL?Metals have been out of flavor in today's down move along with host of others like AUTO. The break-down compels one to question the excessive up move and calls for deeper correction. CNXMETAL depicts similar picture. TATASTEEL caps 625 for move to 540 one attempt. Immediate support at 590 is under threat. Below 627 eyes these lows. Some profit taking around 550-560 in order during the decent.
