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 - 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...
#Tatasteel has formed bearish wedges and bearish symmetrical triangle pattern. On the last trading session i.e. 12th May 2023, Friday this script has broken down and has also formed bearish divergence. One can short this script for a target of 104 & 100 with a stop loss at 109.
Price is retracing into a Daily Demand and its coming rom a 2H Supply, hence shorting, Price will continue its Uptrend once Price reaches the Daily Demand. ENJOY THE RIDE ! ! !
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...
Reasons to go Short: 1.Trend line Breakdown 2. Super Trend Indicated negative 3. Big Flag Breakout 4. MACD short line is above 5. Could be false breakout as few days ago, kindly wait. Note: This is only for educational purpose.
28-11 Daily chart of Tata Steel1! LTP: 105.30 Candles are trading below 200 EMA and the manual trend doesn't look strong. The candles respected resistance at 109.25 & 106.85 (manual) and 106.95 (200 EMA) RSI has a bearish crossover and couldn't succeed in an attempt to breach. I have bought 105 pe for trading.
Tata steel is near the resistance zone and could possibly make a move to the downside within few weeks. This could be an opportunity to sell Tata steel
LONG Above - 110.05, T1 - 116.55, T2 - 121.05, T3 - 125.50, T4 - 133.55, T5 - 142.20, T6 - 146.40....... SL 100.20 SHORT Below - 96.35, T1 - 93.75, T2 - 93.75, T3 - 91.15, T4 - 83, T5 - 74.75, T6 - 70.15, T7 - 65.85...... SL - 110
Long above 908, Keep trailing profits on the drawn resistances, SL below 898 Short below 890, Keep trailing profits on the drawn supports. SL 915 You can also do scalping on the drawn lines.
Long above 905, Keep trailing profits on the resistances drawn, SL - 890 Short below 897, Keep trailing profits on the supports drawn. SL 910 You can also do scalping on the drawn lines
Long Above 910, Keep trailing Profit on the given lines above 910, - SL 895 Short Below 900, Keep trailing profit on the given lines below 900, - SL 915 This is Intraday view only Wait for the market to settle on opening, Dont jump into the trade without understanding the trend.
tata steel has monthly breakdown candle which brings trgts of nearly 750-730 there can be a good buy zone so we can buy puts of 760-740 for full trgt at spot or bounce
when Support was broken downfall was started. Next support for only bounce back
Hello and welcome to this analysis on Tata Steel After a long correction which lasted more than 7 months, in FEB the stock gave a vertical recovery rally. The rally ended with a diagonal indicating signs of short term exhaustion. Earlier this month we saw the diagonal breakdown and today we are witnessing more selling pressure in it. It could continue this decline...
Potential stocks to watch for Intraday trading on 1 Dec 2021 are Tatasteel, Jublfood, srtransfin , TCS , LTI and Alkem . Caution: Stay away from Travel and hotel stocks
Tata Steel 15min chart forming Ascending Triangle 10 Oct 2021. Watch out for breakout.