I think we should book profit in Tata Steel and take reverse position for 4-5% additional gain in next 1 week.
Current upswing is at its peak, and profit booking may start any day now.
Support and Resistance Levels: In technical analysis, support and resistance levels are significant price levels where buying or selling interest tends to be strong. They are identified based on previous price levels where the price has shown a tendency to reverse or find support.
Support levels are represented by the green line and green shade, indicating areas...
NSE:TATASTEEL
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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
Metals Sector had been consolidating from a very long time with the fresh breakouts on the charts, it looks a good pick for medium to long term for the above mentioned targets on the basis of Fibonacci extension. Buy on the dip should be the strategy for the stock
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...
Support and Resistance Levels:
Based on the price action, you have to identify two significant levels: the red line acting as resistance and the green line acting as support. Additionally, there have marked red and green shades to represent resistance and support zones, respectively.
Support: The green line and green shade represent support levels. These levels...
Company Overview:
Tata Steel is one of the largest steel producers in the world, headquartered in India.
They operate across the entire steel value chain, from mining and ironmaking to steelmaking and downstream businesses.
The company has a large domestic presence in India and international operations in Southeast Asia and Europe.
Recent Performance:
As...
Support and Resistance Levels:
Based on the price action, you have to identify two significant levels: the red line acting as resistance and the green line acting as support. Additionally, there have marked red and green shades to represent resistance and support zones, respectively.
Support: The green line and green shade represent support levels. These levels...
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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Next sector considering India growth story which is about to breakout is Metal Sector.
Tata Steel is at verge of Breakout - Breakout soon stock.
Be ready and keep on radar...
Monthly Chart
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...
Tatasteel set to move another 9%?
NOTE : I am not a professional investor; I have only two years of experience in stocks and investing. Please refrain from making any trades based on my chart analysis, as this is solely for community learning purposes.
