HWHG trade ideas
is this right time to have coffee with cup with handle pattern.?i) Candle is above the 20 days 50 days 100days 200days moving average
ii) kindly give the the entry once the candle close above the green line (breaking line)
iii) volume is increasing
iv) kindly do your own research before buy the share
TATA Steel Intraday strategyLong Above 910, Keep trailing Profit on the given lines above 910, - SL 895
Short Below 900, Keep trailing profit on the given lines below 900, - SL 915
This is Intraday view only
Wait for the market to settle on opening, Dont jump into the trade without understanding the trend.
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TATA STEEL Trend AnalysisChart 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 600 for conservative traders.
Fundamentally sound and currently trading below its book value, while borrowings are concerning though company is reducing it aggressively.
Do your own due diligence before taking any action.
Peace!!