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
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
Like.. Share.. Follow
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.
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.
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...
NSE:TATASTEEL has been succeed to trade above level of 119.35. My idea is to take buy entry at current level of 120 with stop loss of 116 (-04 points risk). I am expecting up side target of 122 (+02), 124 (+04) & 126 (+06) within 3-4 weeks.
Note: This is my personal analysis, only to learn stock market behavior. Thanks.
Reasons to Buy TATASTEEL (CMP 115) with Short-Term Targets at 118/120 and 123:
Strong Technical Indicators: TATASTEEL is currently trading above all major moving averages (MA's), indicating a positive trend. This signifies a bullish sentiment in the market and suggests a potential upward movement in the stock's price.
Positive MACD: The Moving Average...
I see two chances one is to go high from this current trend line. Other chance is take a double bottom 84-85 region and bounce back. Below that there are high chances to correct further.
Tata steel has broken the trendline and is ready to go upside.
Stoploss can be kept below the previous candle,i.e, around 117 levels.
Good R: R in this trade. Keep SL tight.
Trade safe. Manage risk. Be profitable.
Please follow us for more simple trading analysis and setups. Also, let me know in the comment if you have any queries.
Disclaimer:- This is my...
#TATASTEEL : The way retailers like it, I have my own reasons to believe its going up but there is something how one should defo trade a Bull Flag. I think TATASTEEL if holds this breakout above 115.00 in upcoming days, Its more likely to start a new whole rally towards 200. And in 2023 it might become a fortune for many. With a dividend yield of 4.57% annually I...
Tata Steel near important SnR zone, a solid downmove rejection at 0.618 and 0.5 level of fib retracement. CNX Metal is at a crucial level. If the whole sector rallies from here, Tata Steel is the one I wouldnt miss. I have a already a decent quantity and will add more if CNX Metals rallies.
My long side view on NSE:TATASTEEL
Tata Steel retracement has completed. Now ready to move upwards for the target of 103.5 & 109.50
My entry level is 100. Will exit from trade if price trade below 98.
Note: This is my personal analysis, only for learning.
Thanks.
