HWHG trade ideas
TATASTEEL - Bullish Momentum BreakoutNSE: TATASTEEL is closing with a bullish momentum breakout candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 12% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
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{TATA STEEL }: {POSITIONAL TRADE WITH EQUILIBRIUM ANALYSIS}
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 Downward COnfirmation in Monthly, So we luckily have a lot of time to succesfully plan this trade and enjoy the Returns with peace of Mind.
ENJOY THE RIDE ! ! !
#TATA STEEL... 11/05/23#TATA STEEL... ✅▶️
Intraday as well as swing trade
All levels given in charts ...
IF good potential seen then we work in options also
if activate then possible a huge movement Keep eye on this ...
We take trade only when it activates...
Possible to give good target
TRADING FACTS
Tata Steel to double your moneyTata Steel is showing perfect triangle pattern and at the verge of break out. Buy above 115 to make gains of 80-100 % within a 12-15 month time frame. Disclaimer- this is just for study and learning and all outcomes of investment decisions are solely investors responsibility.
TATA STEEL - TRIANGLE PATTERNTata Steel shows Symmetrical Triangle Pattern in weekly Time frame.Now lets see the price action gives breakout or breakdown.The Stock is already in downtrend and I think if it has to continue then there will be further breakdown of triangle.
Also ,Price is currently taking support on SMA 200 in Daily TF which is vital support. We can say the downtrend continues if price gives breakdown below 100 .