This stock is now at resistance levels....
on bottom side a strong support is created at 136 levels...
if this support fails, next we have trendline support,
if both fails then will look for short side....
now this resistance point is to book profits and keep in long side until price breaks this demand and trendline. On bottom neckline support @129 as well...exit...
NSE:TATASTEEL has been succeed to trade above level of 119.35. My idea is to take buy entry at current level of 120 with stop loss of 116 (-04 points risk). I am expecting up side target of 122 (+02), 124 (+04) & 126 (+06) within 3-4 weeks.
Note: This is my personal analysis, only to learn stock market behavior. Thanks.
Price is retracing into a Daily Demand and its coming rom a 2H Supply, hence shorting,
Price will continue its Uptrend once Price reaches the Daily Demand.
ENJOY THE RIDE ! ! !
Every and any Trend has a Source and a Destination and the best way to Trade if from the Start Point of the Trend till the end of the Trend, (i.e till Destination Zone), Here we have Price created a Quarterly Source Supply and we have a Annual Demand formed which is the Detination of the Trend. Now Price reacted to the Quarterly Source Supply and has given a...
Chart looks highly bearish and is replicating Metals Index.
Expecting support to be around 700 level.
Good to accumulate around 650 - 700 levels for the following targets:
Short term swing target @ 1015 (50% ROI with 4.9 R:R)
Medium term swing target @ 1180 (75% ROI with 7.3 R:R)
Long term positional target @ 1425 (112.5% ROI with 10.7 R:R)
Stop loss around...
The stock has crested a good base at the level range of 1040 levels.
As you can see the stock has taken support around this area and moved upwards.
It reached a high of 1534 levels before crumbling to huge selling pressures.
The stock is trying to make its way back to the top.
I have presented my views on the chart with levels that can help you take your...
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.
tatasteel is in correction period it can spike up as per ABC Pattern completing......or can make 12345 (traingle or diagonal pattern) ) then make upward moment to complete C wave (A Big cycle ABC Pattern)..
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
