TATASTEEL multiyear breakout, strong resistance near 750 level, need to be kept in focus by looking at the price action and the volume levels. levels as high as 910 developed in TATASTEEL. NIFTY METAL performing very good. STEEL companies all over the world performing well. Go long on TATASTEEL with stop loss at 700 level, highly unlikely to be reached. MACD...
Wait and check if gives break out or follows trendline
In previous update I said that buy near 550 but it turned out from 585 and break resistance and moved 6+% in a day. Now Tatasteel created big green candle in weekly chart. So ,Buy on dip simple.
692 to 710 is a Possible reversal zone based on multiple Harmonics Short only if we can find reversal from PRZ, Trend is still upwards
Bull Call Spread on Tata Steel +1x 31DEC2020 630CE - ₹ 9.65 -1x 31DEC2020 680CE - ₹ 1.4 Max. Profit - ₹ +70,975 Max. Loss - ₹ -14,025 Max. RR Ratio - 1:5.00 Breakevens - 639.0 Estimated Margin/Premium - ₹ +36,997
Tata steel has had a stellar runaway in the past 3 months. Considering the march lows of 240() and recent highs of 640(). I prefer to use 3 hour time frames to understand the broader trend of the stock. It seems that TATA STEEL is preparing for its corrective wave 4 for the time being. Wave 4 at max corrects till 38.2 % fib levels. Considering the September...
TataSteel - Major Break Out, look at the massive downfall from 630 level..,
After break out tatasteel gone mad. But here it's come to first resistance area. 625.15 to 647.6 and RSI near to 80. Get ready to profit booking in upcoming weeks.
price break here with very good volume Entry : 420 - 435 Stop : 340 Target : 480 , 535 , 600 , 680,750
Tatasteel is ready to go after more than 2 years long downtrend. Key level 428.85 according dow theory. In last week average volume are very high. The upcoming week tatasteel and cnxmetal index can break key level. Keep watching.
Nifty Metal is Preparing for big blast after long down trend. Just wait for 2520 level breakout. This will be the confirmation to blast. Jswsteel has already breaked out and tatasteel and other Metal stocks preparing itself.
This analysis is purely based on price action. The analysis is on 15min TF hence target can be achieved in intraday trade or in couple of days Trade strategy is explained in image itself. Don't run after the price. Always plan your trade & trade your plan Keep trailing SL accordingly once entered into the trade. Trade at your own risk and money...
This analysis is purely based on price action & chart patterns The analysis is on 15min TF hence target can be achieved in intraday trade or in couple of days Trade strategy is explained in image itself. Dont run after the price. Always plan your trade & trade your plan Keep trailing SL accordingly once in trade Trade at your own risk and money...
Tata Steel LTF chart shows that it's been caught in a downward channel. Currently in a pullback. Long only above 421 else can see 370 levels again!
Monthly Chart Stock has been in Triangle Structure for around 10 Years! Stock has given breakout of this Triangle Pattern in 2017 Year and given around 250+ points rally. Since Year 2018, it is in downside movement. This movement looks like a Pullback structure rather than a Bearish Trend (enough evidences to not consider as the Bearish Trend can be seen...
Nifty metal is given a breakout recently and the leader of the sector also has changed their move-in Upside. A good candidate for today's Intraday. Tata steel Buy: 396 SL: 390 Target: 401/406/410
This analysis is purely based on price action and chart patterns This trade is for short term swing or positional trade. Trade Strategy is explained in image itself. *Plan your trade accordingly and trade on your own risk & money management* Pls comment for any queries or suggestions