Tata steel stock is in wave 5th of wave 3rd of the recent impulse till it ends, on daily charts, the most recent rally is ended in wave 3, as per theory, both rsi and macd are showing bearish divergence in daily time frame, and this can also be seen in poor volumes and participations in metal stocks during the most recent rally, this is typical of wave 5 of some...
TATA STEEL INVERTED CUP & HANDLE - AUGUST 26 IN 5 MIN TIME FRAME ITS SO CLEAR if it Breaks 1380 Go For Selling Based On Your Setup
Tatasteel coming back to 200 Moving average in 2 days Target put at 200 ma line.
The stock was on the loser list today. The recent price looks weak and it can get weaker in the coming trading session if went and sustains below 1090 levels. The Next strong support I see is around 870 levels, approx 20% lower. Could be a good positional trade if sustains below 1090 and could be trailed if moves as per the analysis.
Tata Steel Support & Resistance On Daily Chart
A bullish flag patter breakout now closed @775 next big target is 840 if not break 720 level
Steel Stocks have Run a lot and now its time to halt the rally. Big Bearish RSI Divergence on daily chart will do it for us. One should look to take profit at these levels. My targets are 585-590. Invalidation is daily close above 730.
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...
#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...
TATASTEELPP Reason: Supply MIP Once the prices retraces back to 32 levels, dont miss to add some quantity.
Observations 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.. Like ... Share... Follow... Lets Make Wealth Together...
OVERALL NIFTY METAL SEEMS TO BE IN DOWNTREND AFTER RESISTING THE HIGH , TATA STEEL COULD TEST POC SOON VIEWS AND SUGGESTION INVITED
TATASTEEL SEEMS TO BE MAKING A TRIANGLE IN B WAVE OF A ZIGZAG CORRECTION. ABC LEGS OF THIS TRIANGLE ARE ALREADY COMPLETED AND CURRENTLY WAVE D IS IN PROGRESS. THE REAL TEST WILL BE WHEN THE PRICE REACHES 540. IF IT REVERSES FROM HERE, TRIANGLE IS A DEFINITE POSSIBILITY AND THEN TATASTEEL CAN BE SHORTED FROM AROUND 570 LEVELS WITH A STOPLOSS OF 590 AND A FIRST...
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