still long TATASTEEL @ 1h @ trading capability this 1st week `17This 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 AaronLongby Devise2DayUpdated 13
long TATASTEEL @ 1h @ trading capability for this 52nd week `16This 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 AaronLongby Devise2DayUpdated 16
re-entry short sell in TISCOHi, Sell re-entry recommended yesterday can now hold the position with revised SL of 424 on closing basis. Yesterday we recommended selling TISCO when retail traders get out of their short sell position in the spike. As expected spike occurred up to 424 and don't hold our SL on closing basis so those who are in selling can hold their position with SL of 424 on closing basis. Remember its a lucurative Risk Ratio in this trade atleast 1:3. Shortby NiftyadviserUpdated 2
Tata steel TISCO - short re-entry above 411 SL 419 Since lot of late retail traders shorted TISCO on bad news, it was obvious that tisco should rise back until all the short are covered. Wait until next day for any spike above 411 to re short tisco in that spike with 1st target of 390. Now if the price will retest recent low, the retail traders will be buyers this time and the stock may go further down to 360 based on its fundamental issue being investigated although technical indicators were all suggesting big move down couple of days ago. See my previous post on TISCO. The closer u can short to 419 lucrative the Risk Reward will be. Thanks.Shortby Niftyadviser2
say TATA to TATA for short!!Simple MACD study and negative news in TATA, mistry's confidential letter will be viral soon, which will talk about some debt...negative trigger!!Shortby HarshitSolanki4
Tata Steel Fresh Sell set upShort term sell set-up in tata steel. Technicals: Previous day pinbar and twice price rejection at 428 with double top formation coinciding with falling rsi and Stoch Crossover. Target: first target 401. Second Target 385 towards 20 and 30 SMA. Stop Loss: above 430 on INTRADAY basis. Thanks.Shortby Niftyadviser221
Tata Steel - Bearish Bat PatternIt 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 rally up but incase we see some selling pressure at resistance then the price action shall retrace back to 38.2% Fibonacci levels at 388 levels. Target: 388 Stoploss: 410 Risk Reward: 1:4Shortby NeeteshJainUpdated 11
Tata SteelNSE:TATASTEEL Buy Tata Steel at 374.55 wave 3rd target at 379.10, 384.15. Happy tradingLongby saurabh224
TataSteel- Let the Rising Trendline be brokenLet the rising trendline be broken to get small short call may be till 380-382 levels but be careful- iv-wave is still running post going into 380-382 -wait for a bounce back to same 395-399 to fall again or if TS suddenly creates more pressure then probably -we will place 395 as the top.Shortby WaveTalks668
Tata Steel Buy Above 385 For Target 410 Buy Tata Steel Above 385 For Short Term Target 410. Buy only above 385 . 385 have multiple resistance. Sell tata Steel 380 PUT OPTION @ 6.20 - 6.50 TARGET 0.05 STOPLOSS 9.50Longby marketismydream331
Tata Steel@17thAug2016--Going Below 378(Look for 373-374)Going below 378- TS will be in pressure atleast for the zone -373-374 & if it goes below 373- d-leg shall get confirmed-giving us clue that "e-leg is in process". Regards, Abhishek H.Singh,CMTShortby WaveTalks5
Tata steelNSE:TATASTEEL yesterday nice movement in tatasteel. We got in option (48% ROI) in this rally.Longby saurabh2
Tata Steel seems to be a good longTata 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.Longby tushargupta19913
Trading Tata Steel 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 China - and one doesn't need to be a consummate financial analyst in order to figure out the impact on big steel producers. It was commodities boom which drove the industry into big mergers and acquisitions. Somehow it is always the case so far that big mergers and acquisition at eye popping premium happens when the valuations are ridiculous. Those were the days when company can't think of anything but going big. You can look at the Glencore , Xstrata and Noble group for more color on the subject. Besides these are not software companies where just putting a cloud in the name and showing big dreams will sell to the shareholders. And it is difficult to turn around such companies unless there is demand. Besides these cycles are very long term in nature. Now especially for Tata Steel, getting the kick even after it is down by Brexit is very unfortunate. For Tata Steel fundamental case was so strong, you just have to pick up the level and short it until recently. Favorable UK until sell talks were helping and stock was recovering a bit ( along with general respite for metal stocks and metal market ) / or just a technical bounce from long term base near 200 as you can see in the chart. Now everything hinges upon how it responds to 260 level. For short term traders it is a good level to look for a bounce or two but it is advisable no to put too much risk into the trade. Because if things can't turn around quickly this time, market may not be friendly to Tata Steel and it might have a look at life below 200. by BombayBulls1
TISCO Trading range todayI think on 30 min chart 329 and 332 is the range can buy/short, break can take .....by kmehul1