Don't get easily fooled by the positive news for metal stocks post budget, here is the weekly chart of Nifty metal! Sideways action since the initiation of the index! Now if you are good at catching tops n and bottoms of the market you can go ahead and trade it, but even Hedge fund managers have a tough time doing this so good luck 😉
Tata Steel BSL is backed up by Tata steel and it looks really good in charts, stock can be accumulated in the buying zone and can hold for long term. Note: This is for educational purpose, please invest your money based on your research.
Buy on dips tatasteel
BULLISH PEANUT BUY AVOVE 714 1st-731
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