TATA STEEL _ Buying Opportunity?Price shows slow correction to the downside in past few weeks.
Monthly and weekly seems bullish ,so it could provide a long term buying opportunity.
Price is approaching to its demand zone which is 117-114 & 110-108.keep an eye if any shift in structure from bearish to bullish from those zones would take place.
TATASTEEL trade ideas
Tata Steel - Elliott Wave CountTata Steel - Elliott Wave Count
Based on Elliott Wave analysis, it appears that Tata Steel has recently completed Wave B and has now started Wave C. The stock is expected to decline further, with the downside target being in the 80 range. This indicates that the stock may be a good candidate for short selling or for investors looking to buy at a lower price point. It's important to keep an eye on the stock's movement in the coming days and weeks to see if it continues on this downward trend.
however, if the market breaks above 136 the view is invalid.
Please note that this information is solely for educational purposes, and it is essential to exercise caution when trading.
NSE:TATASTEEL NSE:TATASTEEL1! BSE:TATASTEEL BSE:TATASTEELPP
Tata Steel (Swing):Tata Steel (Swing):
A 50% up move is possible through a swing.
Keep adding in chunks while script ranges around 120-130.
Appropriate resistances are highlighted.
Time to attain the target can be over 4-6 months.
Note: Do your own due diligence before taking any action.
I would be posting updates for this chart in the comments sections as time progresses.
Queries are welcome.
Tata steel getting waek , more fall expected For all trade on my Auto Harmonic patterns indicator trade setup -
Risky trades can take trade after crossing 23.6% on either side and safe traders can take trade after 41% We can start buying when our Trailing SL hit at 23.6% with SL of recent low our Target will be 41%, 78.6% , 127.2% 161.8% and 223.6 % , when reversal pattern appears on chart we have to trail our SL if trailing SL hit exit from long trade and initiate sell trade ,
TATA STEEL stock created Bearish marubozu candlestick on chart with good volume
If the trend is confirm tomorrow, price is down like a water fall.
Macd also indicate bearish signal
Short term Moving average break today.
Short trade confirm when price traded 129.50
For good risk reward
Disclaimer This is my personal view for education purpose only.
TATA STEEL looks good for Swing. NSE:TATASTEEL is looking good for a Swing/ Short term
Wizard Levels/Zones
> If you're following these zones then kindly follow the rules too. Risk management, and Position sizing.
> This is my perception of the market so, kindly do your analysis to get more clarity on the market.
> These levels might help you guys. As per my view, I'm sharing it with you guys.
> This is not a blueprint to happen so, kindly do your own analysis along with my view. Thank you for your SUPPORT.
TATASTEEL : Booked 25.67%I expected an ascending channel formation towards these levels. And it did formed. So I closed the position and booked profits.
Maybe I'll consider a re-entry if price falls to the low of the channel line once again.
But I also see the possibility of price rallying to all time highs which is about 16% further upwards, but I'm ok with it.
TATASTEEL : Waiting for a reversal pattern to book profits.If we look into the previous price action of TATASTEEL, we can see that before each major reversal move, there was an ascending channel formation. Price never underwent a drastic reversal as soon as it reached an inflection point.
So, I'm expecting the same to happen going forward and am looking for the price to form an ascending channel pattern at any of the major inflection points. This would be an indication that the price might crash afterward. If such a scenario occurs, I may consider closing my position.
Tata Steel- Support ResistanceAs you can see that previous week TataSteel after making a high made a support at 126.15 and resistance at 128.70 but now ranging between 127.90 - 126.15
You can buy this stock if it breaks the high level or wait for downside support break and on reversal you can buy above 126.15
You can ask anything about stock in the comments
Thanks for your support