Tatasteel
TATA Steel near to channel resistance - Sell Call for level 440#TATASteel is in downtrend in long while in uptrend in shot and following the Channel Pattern. Forming the Higher Low and lower low pattern on chart.
Level 440 has highest built-up of OI and OI is increasing on CE side.
Sell the Call option for Strike Price 440 or above once stock will near to resistance so you will get good premium.
(Disclaimer: This is only for educational purpose and paper treading. Learn and take advice from you financial advisor)
TATA STEEL DOUBLE TOPHello!
TATA STEEL making double top at around 350 level if not give close above 350 do short for the target #1 300 and target #2 253
If give close above 350 in close then buy for the target 406.
NOTE : Only for education purpose do add your common sense before making any trade, I'm not responsible for your profit or loss!
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Regards
Sanam Patel
CAUTION !! Short Term Investors in Metals !! We saw good rally in metals(Tatasteel,jswsteel,jindalsteel,Sail), these many days.
Fresh Investors Ignore Metals as of now.
Now It's in overbought zone, Will it sustain or we can see a big dip in All Metals.
Also looks like completion of Elliott's 5 wave - .
Go through my profile in.tradingview.com for all metals analysis done.
Is It Time to take a break For Steel Sector ???Time to book Profits !!!!
We watched a Big Rally In Steel companies for last 20 days. We are looking Some weakness in Steel sector Includes Jswsteel ,Jindalsteel and Tatasteel in the last two sessions. All are at major support If it breaks the support then we can expect a major fall.
check my profile for charts of jindalsteel and jswsteel.
Look at this nifty metal chart.
TATA MOTORS In this chart, Tata Motors are making a symmertical triangle on daily chart, If the tata motors will break a line downside, then it will touch 98-97 levels. But the tata motors will break a line upside then it will touch 112 levels. Don't do anything at current levels.
On a daily chart, short term support in downside 90 & strong resistance on upside 130.
Tata Motor's chart is neutral, neither bearish nor bullish on chart.
Tata Motor's chart is also neutral but Monthly chart is bearish.
If you have any queries, please feel to contact us on facebook page - @MK0Advisory.
R-0060 A breakout trade in Tata Steel Go long Tata Steel futures in the Rs 350-352 range with a stop loss at Rs 345 for targets of Rs 360 and Rs 375.
After a prolonged downtrend, Tata Steel has staged a smart recovery in the past few weeks. The series of buy signals in the daily Point & Figure chart is a bullish sign. The breakout above the downsloping trendline in the Point & Figure chart reinforces bullishness. The price is also outperforming the Nifty Metal Index indicating relative strength.
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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