Tata steel taken support from 4hr time frame trendline
made Morning star pattern at 4hr time frame
RSI taken reached 40 level in weekly time frame
4hr time frame 200/ema taken support
H&S pattern brokeout in 15minutes can wait for pullback and take entry
TATASEEL has been on a good bulllish run for a while now. Been trailing it from the time it has crossed the 1000 levels. Once it broke that psychological level, it never even went close to that again. This shows great bullishness in the stock and therefore we can expect further momentum. Earnings to also be posted soon by the company. Near term target 1500. Stop...
Long term investment pick
All key levels are mentioned in chart
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor...
the stock is moving you in a rising wedge pattern.
Looking at the MACD on daily time frame i think the trend is still +ve but the stock might give some correction or consolidate
The MACD divergence has turned negative.
Scenario 1 :
The stock will move in it's rising wedge pattern and eventually breakdown and move towards the 23.6% retracement level.
This can be...
Buy above 740 when 15 minutes candle close above 740 than enter @9:32 for buying
Sell below 728 when 15 minutes candle close below 728 than enter@9:32
Only learning and educational purposes.
As I already discussed that sell below 753 and our all target done .