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...
📊 Script: TATASTEEL
📊 Sector: Steel
📊 Industry: Steel - Large
Key highlights: 💡⚡
📈 Script is trading at upper band of BB.
📈 MACD is giving crossover .
📈 Double Moving Averages are giving Crossover.
📈 Right now RSI is around 62.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 155
🟢 Target 🎯🏆 - 167
⚠️ Stoploss ☠️🚫 - 150
⚠️ Important: Always maintain your Risk &...
Tata Steel exhibits a bullish trend as market sentiment favors upward movement, with a projected rally aiming for 165, while prudently safeguarding against potential downturns with a stop loss set at 150.
- The chart is pretty self-explanatory
- The price tests a 2 year old resistance trendline
- The formation is one beautiful symmetric triangle that can have either outcome
- The consolidation has been solid so far. This means The momentum may be really good.
- The PE ratio is stagnant with the price
- Do check out our take on JSW Steel in the suggested ideas...
Today tata steel gives very strong buying and show us his strength despite selling calls from others
Buy tata steel at 153-157
Target 168 186 223
Sl 147
📈Keep an eye on Nifty Metals Index .
📈On 13th Feb Index has formed hammer candle which indicates trend reversal.
📈Metal index has taken support on trendline as shown into chart and started moving upwards. 📈Index has made triple top and triple bottom pattern on daily chat. We may see bullishness till 8348 level.
📈Stocks to watch into Metal Sector are as...
TATA Steel Ltd. looking bullish
The monthly, weekly, and daily RSI is above 60.
It is approaching its all-time high of 153. One can notice that the volume is increasing as it nears its all-time high.
Also, while CUP pattern formation price action was making higher highs and lows.
If it breaks the all-time high with volume and retests the neck levels, it would be...
Tata Steel :
1. Weekly Breakout above 139 levels....
2. Some profit booking seen on last 3 trading sessions...
4. Long term looks very good...
5. I have marked price road map on the chart...
6. Every dip you can add ...
7. Traders can use to plan their trades based on the levels...
Happy Trading
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Hello traders!
Today, let's dive into $NSE:TATASTEEL. Here's the breakdown:
📉 Support Bounce: Tata Steel has recently touched its support at Rs.132 and is now making a move upward.
📈 Targeting ₹140: The current trajectory suggests a push towards the near-term profit target of ₹140.
💹 Derivative Opportunity: For derivative traders, considering the 130 call...
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...
this stock is showing bearish pressure...
now price is reversal from the neckline, which is strong.
don't go for short side...if neckline acts as resistance, then will go for short …until keep in long side only.
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.
