BEST SHORT TERM SWING TRADING OPPORTUNITY IN TATASTEELCUP AND HANDLE PATTERN FOUND IN TATASTEEL CHART.AS IN 1D CHART , IF CANDLE BODY CROSSES AS PER CHART, GO FOR LONG ....ROCKON
TATASTEEL trade ideas
TATASTEELKeep an eye on trendline and if it does not violate,it can be played for 350, above that for 357
Long Opportunity in Tata SteelTata Steel has given a strong breakout from major resistance.
Now it is coming for support on the resistance area.
After support Tata Steel may bounce with momentum.
NSE:TATASTEEL
TATASTEELPP - Short setupTATASTEELPP
Reason: Supply MIP
Once the prices retraces back to 32 levels, dont miss to add some quantity.
TatasteelObservations for Time Frame : 5 - 7 trading sessions
Last Close : 323.85
Short term trend down
Sell below 322 ans also near 334 on rise
targets 314.2 (Strong bounce back zone)
breakdown below 313 Bears will be in control upto 303/297
Options Stretegy : 300 PE looks lucrative..
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tata steel analysestata steel has been travelling within this channel for the past few days. now you can pick up the trade depending upon the breakout.A 15 min candle has to form abv or below the trend line.so that you can pick up trade in that direction.
PENNANT BREAKOUT ON 30 MINUTES TIME FRAME HIT 338.85 FROM 320 LEVELS
PENNANT BREAKOUT ON 30 MINUTES TIME FRAME
NOW CONSOLIDATING
Daily Chart indicate movement towards 350.80Daily Chart indicate movement towards 350.80.
There after may breakout
Tata Steel Likely to test 350.8 again and may breakoutTata Steel Likely to test 350.8 again and may breakout...
TATA STEEL HAS SOME MEAT AND METAL LEFT FOR FURTHER UPSIDE PENNANT formation going on. CAN WE EXPECT A breakout for higher levels. expecting a rise to 340 levels. BULLISH ON CHARTS with support at 318 levels on lower end.
Tata steel time to take long positionAs per the pervious support and resistance we got three targets(T1.T2,T3), Stop Loss set as per the support has been created past couple of weeks.
TATASTEEL Key level ! Lower Time Frame316 and 297 possible entries.
however keep an eye out and hop in if it does reach there or buy on the confirmation of break of resistance and 200 day
351 which is yearly VWAP .
chart has the levels!!
remember lots of opportunities out there its all about the entry and exit .
Personally i feel we boom the hell outta this resistance :)
