TATASTEEL trade ideas
TATA STEEL Bottom in?I feel like the market has bottomed out and will slowly attract smart money after the pandemic weakens out. Anyone willing to buy low, now is your time to shine.
Bullish above 297Current market has a good support at 272 and below 268 will go till 252.
Expecting reversal from 272 to 297 and exit the trade if 268 support breaks.
TATA STEEL | Rejection on the 4hr time frameA strong rejection on the 298 level is likely to push the price downwards. The topping tails are longer with respect to the candle body, looking for a down move.
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TATASTEEL - Short at CMP with tight SLIt cant be a reversal as it forming rectangular continuation pattern which suggest Short on highs as volume is also drying up.
TataSteel BullishTata steel on strong support.
Target 1: 330 in 2 weeks;
Target 2: 400 in 1-2 months
TATA Steel Level TATA Steel is consolidating between 260 to 295 level, in case TATA Steel breach 300 level then we can see further buying till 320 -340 level
go for long with tight stop lossBuy this stock with tight stop loss of 249.50
as it would be touch first tp will be 311.55
and 2nd tp of 347.20
It may go down to so put the SL .as
if its goes down we can buy on 195.00 price
TATASTEEL intraday analysis for 16th April 2020Stock can open and find resistance before bouncing back to highlighted levels....Once CCI starts going below 100 from above and if price is bouncing for resistance zone, short for highlighted target
TATA STEEL - Ready for some actionAfter significant consolidation in the price range of 250-280 , Tata Steel is ready to give an upside surge for a corrective cum indicative move of the next higher degree impulsive wave. Above the dotted trend line it will give an upside surge for a target range of 320-330.
Trading strategy:
Buy above 290 keeping Stop Loss of 265 for target range for 320-330.
TATASTEEL - GO SHORT WITH A RR OF 1:8TATASTEEL - GO SHORT @ CMP WITH A SL OF 295 AND A TARGET OF 205
Tata Steel - Long Term HoldingTata steel is approaching their major support area . Level is 200 Rupees . Investors can Open a long positions from this level
