Tata Steel (NSE: TATASTEEL) is giving solid signs of Loss Of Buyer's Momentum as per TTC Breakout Formation. Right Now it is at a Critical Make-Or-Break Zone around 697 . If it breaks decisively below this zone (on 1-hour closing basis), we may see sellers gaining control over the buyers.
For Short-term targets, Trader should eye on 685 Zone . Then 672 is...
We have a Mid level Buy Signal for Tata Steel now confirmed by all other aspects of Ichimoku.
One can enter long here CMP 549.95 and add more at 537 Target 820
If stocks sustains above 820 then it will start new uptrend.
My earlier message about this scrip is void. It was only till the expiry which was today.
This sector has seen too much of negativity in the short run.
Technically, the price has broken the downward pattern.
It has to test the high to contemplate a run downwards.
86 is the short term target and 91 for medium term **if the short term goes well**.
A rebound from the trend line support coupled with the fact that the RSI is just short of being overbought suggests, further gains could be restricted around the upper bollinger band seen around 5263 levels.
This is only a trading capability - no recommendation !!!
Next week i`ll confirm or change my opinion about this SetUp :)
Buying/Selling or even only watching is always your own responsibility ...
Best regards
Aaron
This is only a trading capability - no recommendation !!!
Next week i`ll confirm or change my opinion about this SetUp :)
Buying/Selling or even only watching is always your own responsibility ...
Best regards
Aaron
It is been observed that the price action formed a harmonic pattern called Bat Pattern indicating bearishness and a counter trend trade opportunity. It is a low risk trade as the price action has already reached to the previous resistance levels at 406. Now if the price action breaks and close above the previous resistance levels of 406 then we shall continue to...
Tata Steel is in an uptrend and is correcting now. It seems to be on the verge of completing an a-b-c correction. It's likely for an impulse to start from here in the upward direction which could target the monthly chart trendlines.
Tata group's flagship companies are in cross hair because of its UK connections. Tata Steel is the example of ambitious plan going awry and Tata Motors is going to be questioned because of its Land Rover automobiles.
Tata Steel
Selling metal companies was the fundamental trade for last couple of years. Nobody was sparred. Steel glut was/is obvious - thanks to...
According to its monthly chart, the index has made all time low of 1500 in the month of Feb 16 and from then it responded well and positive.
I believe it will continue its positive trend due to below top 3 reasons,
1. Globally Metals are positive
2. Metal Stocks like JSW Steel and Tata Steel have been moving positively
3. Structure support confirmation on...
Tata steel out of down trend channel and done with retesting of it, one can be bullish till the time in the current uptrend channel.
levels for trade on the chart.
Marked green areas are good buying levels for Tata steel. One who want to buy and hold this share for long term can keep on buying if price found around these levels.
Tata steel is near important support or demand area. 200 to 220 is the zone where one can buy tata steel partially, next level for buying is around 150 to 130 on down side or if it closes above 280 to 285 on up side.
This is long term view given on weekly chart. without mentioning target or stop loss considering one wants to invest in this share looking at...
Downside is limited as compared to Upside. However, it may take some time to take off.
Crossing of 265 is crucial for a larger upmove.
Long term investors may start investing in tranches.
For short term investors, SL is 220. Others with long term perspective may keep the stop loss to 196
