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TATA STEEL LTD

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TATASTEEL trade ideas

TATA Steel Ltd. looking bullishTATA Steel Ltd. looking bullish The monthly, weekly, and daily RSI is above 60. It is approaching its all-time high of 153. One can notice that the volume is increasing as it nears its all-time high. Also, while CUP pattern formation price action was making higher highs and lows. If it breaks the all-time high with volume and retests the neck levels, it would be a high-probability trade with risk a risk-reward ratio of a little over 3. Before entering the trade, analyze the metal index chart (CNXMETAL).
NSE:TATASTEELLong
by vikasbhekare
TATA STEEL S/R for 22/2/24Support and Resistance Levels: Based on the price action, you have to identify two significant levels: the red line acting as resistance and the green line acting as support. Additionally, there have marked red and green shades to represent resistance and support zones, respectively. Support: The green line and green shade represent support levels. These levels are where the price tends to find buying interest, preventing it from falling further. Traders can consider these levels as potential buying opportunities. Resistance: The red line and red shade represent resistance levels. These levels are where the price tends to encounter selling pressure, preventing it from rising further. Traders can consider these levels as potential selling opportunities. Breakouts: If the price breaks above the resistance zone (red shade) convincingly, it may indicate a bullish breakout, and the price could move higher to the next resistance level. On the other hand, if the price breaks below the support zone (green shade) convincingly, it may indicate a bearish breakout, and the price could move lower to the next support level. Keltner Channel: The Keltner Channel is a technical indicator that uses an exponential moving average (EMA) to create an upper and lower channel around the price action. Traders can use this channel to identify potential long and short positions. Long Position: If the price is above the upper line of the Keltner Channel, it may indicate a potential long opportunity, as it suggests the price is trading above the average range and might continue in an upward trend. Short Position: If the price is below the lower line of the Keltner Channel, it may indicate a potential short opportunity, as it suggests the price is trading below the average range and might continue in a downward trend. Disclosure: I am not SEBI registered. I just wanted to let you know that the information provided here is for learning purposes only. Please consult your financial advisor before making any decisions. Tweets neither advice nor endorsement.
NSE:TATASTEEL
by zenthosh
TATASTEEL - Tata Steel Ltd - An Overview to Buy & HoldCompany Overview: Tata Steel is one of the largest steel producers in the world, headquartered in India. They operate across the entire steel value chain, from mining and ironmaking to steelmaking and downstream businesses. The company has a large domestic presence in India and international operations in Southeast Asia and Europe. Recent Performance: As of February 18, 2024, TATSTEEL's stock price is 142.25. The stock has experienced some volatility in recent months, but overall, it has been on a positive trend in the past year. The company's financial performance has also been improving, with increasing revenue and profits. Key Factors to Consider: Global steel demand: The steel industry is cyclical, and Tata Steel's performance is tied to global steel demand. Iron ore prices: Iron ore is a key raw material for steel, and its price can impact Tata Steel's profitability. Government policies: Government policies in India and other countries where Tata Steel operates can affect the company's business. Competition: Tata Steel faces competition from other steel producers around the world. Sustainability: Tata Steel has set ambitious sustainability goals, which could attract investors who are focused on ESG (environmental, social, and governance) factors. Based on the chart, the following are the support and resistance levels for Tata Steel Ltd.: Support levels: 159.50 147.40 145.30 140.00 137.70 135.40 132.50 127.90 Resistance levels: 161.80 156.00 152.00 147.50 142.45 (current price) 141.20 The stock is currently trading at 142.25, which is just below the resistance level of 142.45. If the stock price breaks above this level, it could continue to rise towards the next resistance level of 147.50. However, if the stock price falls below the support level of 141.20, it could fall further to the next support level of 137.70. It is important to note that these support and resistance levels are not guaranteed to hold. The stock price could break above or below these levels at any time. It is important to do your own research before making any investment decisions. Disclaimer: I am not a financial advisor approved by SEBI and this is not financial advice. Please do your own research before making any investment decisions.
NSE:TATASTEELLong
by ForexTrader4all
TATA STEEL S/R for 15/2/24Support and Resistance Levels: Based on the price action, you have to identify two significant levels: the red line acting as resistance and the green line acting as support. Additionally, there have marked red and green shades to represent resistance and support zones, respectively. Support: The green line and green shade represent support levels. These levels are where the price tends to find buying interest, preventing it from falling further. Traders can consider these levels as potential buying opportunities. Resistance: The red line and red shade represent resistance levels. These levels are where the price tends to encounter selling pressure, preventing it from rising further. Traders can consider these levels as potential selling opportunities. Breakouts: If the price breaks above the resistance zone (red shade) convincingly, it may indicate a bullish breakout, and the price could move higher to the next resistance level. On the other hand, if the price breaks below the support zone (green shade) convincingly, it may indicate a bearish breakout, and the price could move lower to the next support level. Keltner Channel: The Keltner Channel is a technical indicator that uses an exponential moving average (EMA) to create an upper and lower channel around the price action. Traders can use this channel to identify potential long and short positions. Long Position: If the price is above the upper line of the Keltner Channel, it may indicate a potential long opportunity, as it suggests the price is trading above the average range and might continue in an upward trend. Short Position: If the price is below the lower line of the Keltner Channel, it may indicate a potential short opportunity, as it suggests the price is trading below the average range and might continue in a downward trend. Disclosure: I am not SEBI registered. I just wanted to let you know that the information provided here is for learning purposes only. Please consult your financial advisor before making any decisions. Tweets neither advice nor endorsement.
NSE:TATASTEEL
by zenthosh
TATA STEEL Introduction: Leveraging extensive experience in stock market trading, we delve into Tata Steel, providing simplified insights to inform your investment strategy. Key Findings: 1. **Performance Overview**: Tata Steel's historical performance reveals trends critical for understanding its behavior. 2. **Fundamental Analysis**: Fundamental metrics offer insight into Tata Steel's health and future prospects. 3. **Technical Indicators**: Utilizing indicators like moving averages and RSI, we identify entry and exit points. 4. **Market Sentiment**: Analysis of sentiment helps gauge market perception towards Tata Steel. Recommendations: 1. **Target Price**: OPEN FOR INTRADY FOR A WEEK 2. **Stop Loss**: MAXIMUM RETRACEMENT IS 2% Conclusion: Our Tata Steel analysis simplifies investment decisions. Utilize the provided chart values to navigate your investment journey effectively.
NSE:TATASTEELShort
by businessminds
📈 Tata Steel: Bouncing Off Support and Eyeing New Highs! 🚀Hello traders! Today, let's dive into $NSE:TATASTEEL. Here's the breakdown: 📉 Support Bounce: Tata Steel has recently touched its support at Rs.132 and is now making a move upward. 📈 Targeting ₹140: The current trajectory suggests a push towards the near-term profit target of ₹140. 💹 Derivative Opportunity: For derivative traders, considering the 130 call option could be a strategic move. ✨ Potential Upside: With good support, there's a chance for Tata Steel to soar higher. Keep a close watch for further developments. 🔄 Dynamic Market: Always remember, the market is dynamic, and these are observations. Conduct your analysis before making any trading decisions. 🤔 Your Take: How do you interpret Tata Steel's movement? Share your insights in the comments! 📌 Stay Updated: Let's navigate these markets together. Stay tuned for more posts and updates! Best regards, Alpha Trading Station
NSE:TATASTEELLong
by AlphaTradingStation
TATA STEEL S/R for 7/2/24Support and Resistance Levels: Based on the price action, you have to identify two significant levels: the red line acting as resistance and the green line acting as support. Additionally, there have marked red and green shades to represent resistance and support zones, respectively. Support: The green line and green shade represent support levels. These levels are where the price tends to find buying interest, preventing it from falling further. Traders can consider these levels as potential buying opportunities. Resistance: The red line and red shade represent resistance levels. These levels are where the price tends to encounter selling pressure, preventing it from rising further. Traders can consider these levels as potential selling opportunities. Breakouts: If the price breaks above the resistance zone (red shade) convincingly, it may indicate a bullish breakout, and the price could move higher to the next resistance level. On the other hand, if the price breaks below the support zone (green shade) convincingly, it may indicate a bearish breakout, and the price could move lower to the next support level. Keltner Channel: The Keltner Channel is a technical indicator that uses an exponential moving average (EMA) to create an upper and lower channel around the price action. Traders can use this channel to identify potential long and short positions. Long Position: If the price is above the upper line of the Keltner Channel, it may indicate a potential long opportunity, as it suggests the price is trading above the average range and might continue in an upward trend. Short Position: If the price is below the lower line of the Keltner Channel, it may indicate a potential short opportunity, as it suggests the price is trading below the average range and might continue in a downward trend. Disclosure: I am not SEBI registered. I just wanted to let you know that the information provided here is for learning purposes only. Please consult your financial advisor before making any decisions. Tweets neither advice nor endorsement.
NSE:TATASTEEL
by zenthosh
TATA STEEL S/R for 29/1/24Support and Resistance Levels: Based on the price action, you have to identify two significant levels: the red line acting as resistance and the green line acting as support. Additionally, there have marked red and green shades to represent resistance and support zones, respectively. Support: The green line and green shade represent support levels. These levels are where the price tends to find buying interest, preventing it from falling further. Traders can consider these levels as potential buying opportunities. Resistance: The red line and red shade represent resistance levels. These levels are where the price tends to encounter selling pressure, preventing it from rising further. Traders can consider these levels as potential selling opportunities. Breakouts: If the price breaks above the resistance zone (red shade) convincingly, it may indicate a bullish breakout, and the price could move higher to the next resistance level. On the other hand, if the price breaks below the support zone (green shade) convincingly, it may indicate a bearish breakout, and the price could move lower to the next support level. Keltner Channel: The Keltner Channel is a technical indicator that uses an exponential moving average (EMA) to create an upper and lower channel around the price action. Traders can use this channel to identify potential long and short positions. Long Position: If the price is above the upper line of the Keltner Channel, it may indicate a potential long opportunity, as it suggests the price is trading above the average range and might continue in an upward trend. Short Position: If the price is below the lower line of the Keltner Channel, it may indicate a potential short opportunity, as it suggests the price is trading below the average range and might continue in a downward trend.
NSE:TATASTEEL
by zenthosh
@Tata Steel Swing/short TradeRisky Trade Entry Above @ 134.5 SL Below @ 134 Target @ 136 ,@ 137.5 ,@ 141 ,@ 147 Normal Trade Entry Above @ 137.70 SL Below @ 136 Target @ 141 ,@ 147 If you want minimize risks After Entry put @SL at last Higher-Low(HL) or follow trend line as SL or Trailing-SL Plz Note : This levels are only for Swing Trade & Disclaimer : All Information on this page is for educational purposes only , we are not SEBI Registered. Please consult a SEBI Registered financial advisor for your Financial matter before investing & taking any decision. We are not responsible for any profit/loss you made Like, Comment & Share
NSE:TATASTEELLong
by the_chart_analytics_
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