TATASTEEL trade ideas
TATA STEEL - DAILY - BULLISH GARTLEYLONG enrty in the TATA STEEL script because of the BULLISH GARTLEY formation in DAILY time frame is advisable ?..
CMP - 501
Target 1 - 546
Target 2 - 600
SL - 461
TATASTEEL - MEDIUM TERM VIEWTHE FORMATION COULD BE AN EXPANDING TRIANGLE IN THE B WAVE OR AN ENDING DIAGONAL IN THE C WAVE. BOTH GIVE A TARGET OF 355.
Expect to recoup supportHas gone below 4/1 ascending angle today but is expected to recoup in a day or two. Support is at 460, resistance at 532.50. Target 591 in intermediate term
TATASTEEL - Medum Term - Target 1 494, target 2 - 433TATASTEEL SEEMS TO BE MAKING A TRIANGLE IN B WAVE OF A ZIGZAG CORRECTION. ABC LEGS OF THIS TRIANGLE ARE ALREADY COMPLETED AND CURRENTLY WAVE D IS IN PROGRESS. THE REAL TEST WILL BE WHEN THE PRICE REACHES 540. IF IT REVERSES FROM HERE, TRIANGLE IS A DEFINITE POSSIBILITY AND THEN TATASTEEL CAN BE SHORTED FROM AROUND 570 LEVELS WITH A STOPLOSS OF 590 AND A FIRST TARGET OF 494 AND 2ND TARGET OF 433
NSE:TATASTEEL Sell For 16 Nov 2018NSE:TATASTEEL sell initiate for 16 Nov 2018 using 1 hour chart based on Fibonacci levels,
check below Sell level :
Sell Below : 578.15
Stop Loss : 589.6
Target : 571.7
TataSteel -Bearish flag & rejection from 61% of fibo TataSteel -bearish flag & and given rejection from 61% of fibo level ... looks bearish to me
TATASTEEL Bounced from 50 EMA Long term Long OpportunityLooks bullish monthly timframe as it has began moving up strongly after break of bull pennant and making higher high and higher lows. Also recently just bounced from near 50 EMA and a previous support
Expected a small retrace near to 0.5 fib level on weekly timeframe along with bearish crossover in aroon indicator.
There is a hidden bullish divergence in weekly timeframe which also indicates strong bullish move soon
Short On TATA STEEL Go short on TATA STEEL as in one day chart RSI Showing bearish divergence as well as macd is ticking downwards.
This is not financial advice do your own research before investing with this strategy.
1st target :- 538
Stop loss :-587
if it falls more below 1st target then next target will be around 494-497. Use stoploss
TataSteel, 200 DMAI attribute lot of importance to three DMA--50,100 and 200. Why? Here is the logic to elaborate the same. Have look at the arrows. Price slid down 200 DMA and then it made two attempts to reach 200DMA but could not surpass the same. Since 50 crossed 200 on the downside. Now 100 crossed 200 which is quite negative. All rises will be sold. I posted this chart many days ago.
