Tata steel had a previous swing high at 138.65, price not only managed to break previous swing high but also managed to get the candle closing above it. It looks very strong currently and most probably headed towards 150+ SL- 132 (Daily closing)
NSE:TATASTEEL has break trendline and breakout 129 level after taking support from dynamic trendline. Buy Level is 127 to 129. We can see long term move above 138 with SL of 122 if it give pullback buy more near 129 to 125 range. Major targets levels are highlighted in blue lines.
Tata Steel a stock which has not performed till time, will be part of next rally. Clean #Flag #Breakout with wide range candle was given on last Friday. Topping on Cake is It has given Breakout with WRC and volume expansion. Further to support my view, its close of the stock on the day of Breakout has closed at the top of candle which shows that the bears are...
Let's see how it goes next few days. I expect target of 160 in next week.
It's interesting that Tata Steel and NIFTY Metal are showing breakout signals. INVERTED Head and shoulders patterns can indicate trend reversals, so it's worth monitoring the price action for potential confirmation. Keep an eye on key support and resistance levels for a more comprehensive analysis.
Market is in a key inflection level. So decided to book profits and then have some cash positions around. There is a higher probability for a sell-off to hit the market as per the technicals and I feel that it is advisable to have some cash positions around if that happens. Will consider a re-entry if price falls back to the low of the channel line.
TATA STEEL - As per pattern we can see full bullish in upcoming day to towards 200+++ Time Frame - MONTHLY. Objective - Simple pattern base. View - Go long CMP add more near 120 WCB 114 upside possible 150 175 200+++
NSE:TATASTEEL One Can Enter Now ! Or Wait for Retest of the Trendline (BO) Or wait For better R:R ratio Note : 1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle. 2. Close, should be good and Clean. 3. R:R ratio should be 1 :2 minimum 4. Plan as per your RISK appetite Disclaimer : You are responsible for your Profits and...
Breakout of a triangle pattern in TATA STEEL . Can go upto 200 in upcoming months
I am sharing the important levels of Support and Resistance. These levels play a crucial role in trading decisions, as they act as reliable markers of price movements. ------>>Support levels are price points where an asset tends to find buying interest, preventing it from falling further. ---->Resistance levels, on the other hand, are points where selling pressure...
my prediction ..... Thanks to everyone for follow and appreciate.... Happy Profitable trading ...... Octafx copy trade :BidaskeyTraders Note: This isn't financial advice, (not a buy or sell signal). This is only Knowledge sharing based on my knowledge and my risk management . Before following any ideas, do your own research and practice good risk management as of...
Next moves are calculated for TATA Steel . Till November-2023 expiry it looks like bullish if it breaks the trendline, which possibly it can. and then possibly reaching smileys on time. ;)
TATA STEEL Has given Weekly breakout from cmp we can aim 11% target, it may achieve even higher targets too.
NSE:TATASTEEL Reversal from supoert level with a big cadle Good stock at good price can accumalate till 100 long term
Price shows slow correction to the downside in past few weeks. Monthly and weekly seems bullish ,so it could provide a long term buying opportunity. Price is approaching to its demand zone which is 117-114 & 110-108.keep an eye if any shift in structure from bearish to bullish from those zones would take place.
Tata Steel - Elliott Wave Count Based on Elliott Wave analysis, it appears that Tata Steel has recently completed Wave B and has now started Wave C. The stock is expected to decline further, with the downside target being in the 80 range. This indicates that the stock may be a good candidate for short selling or for investors looking to buy at a lower price...
TATA STEEL is trading near its support level if stock is breaks it's trendline go short with strict stoploss and if stock is breaks it's it's immediate resistance go long
Tata steel breaks 50ma and met first main support zone. let us watch this stock can sustain above the support zone .