Doublebottom uptrend now facing major resistance after breakout or breakdown good move either side
tatasteel is in correction period it can spike up as per ABC Pattern completing......or can make 12345 (traingle or diagonal pattern) ) then make upward moment to complete C wave (A Big cycle ABC Pattern)..
Double bottom on strong Support. And bullish bar on daily timeframe. can give upmove buy on given levels. above 487 sl 477 tgt 494-507
Another idea for Titan company
THE FORMATION COULD BE AN EXPANDING TRIANGLE IN THE B WAVE OR AN ENDING DIAGONAL IN THE C WAVE. BOTH GIVE A TARGET OF 355.
TATASTEEL SEEMS TO BE MAKING A TRIANGLE IN B WAVE OF A ZIGZAG CORRECTION. ABC LEGS OF THIS TRIANGLE ARE ALREADY COMPLETED AND CURRENTLY WAVE D IS IN PROGRESS. THE REAL TEST WILL BE WHEN THE PRICE REACHES 540. IF IT REVERSES FROM HERE, TRIANGLE IS A DEFINITE POSSIBILITY AND THEN TATASTEEL CAN BE SHORTED FROM AROUND 570 LEVELS WITH A STOPLOSS OF 590 AND A FIRST...
After the announcement of the joint venture between ThyssenKrupp and TATA Steel, will help the European seel maker to evade the 25% imposed tariff on European steel producers that the US have announced in the previous month. This fundamentally can boost the price to reach 25.45 in the next 2-3 months, adding on the fact that the price per share is seen as...
can go upto 640 in given time frame..... just my view... trade on your own risk
INR 540 maybe a good entry point with buy on dip till 433 .stockdada.com
Seems Tata Steel down trend for shorterm has started... Short below 608 1st traget 597 2nd target 566, strict stop loss of 624
PERFECT REVERSAL SETUP FORMED. BUY CMP 682 AND ADD ON DIP AT 677.20 SL CANDLE CLOSE LOW BELOW KS TARGET 688.80 H4 KS
Tata Steel (NSE: TATASTEEL) is about to take the bearish way as per TTC breakout formation . The critical MOB is at around 685 . If it breaks decisively below this zone(on 1 hr closing basis), we may see buyers in control of the game. For Short-Term Targets, traders should eye on 672 Zone . For Swing traders 626 Zone is very critical, below which we can...