Tata Steel ready for the uptrend!๐คฉ๐ธ๐ฅ
Buy Tata Steel for Positional Trading as well as Investment๐ธ๐ฅ๐ธ
Comment your views!!!๐ง๐ค๐ง
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๐กKey triggers for future price-performance:
Indiaโs share in Tata Steelโs overall consolidated production capacity has risen from 29% in 2010 to 57% in 2020 and is likely to reach 73% by 2030. For FY22E, Tata Steel is targeting over US$2 billion gross debt reduction wherein it will prioritise offshore debt repayment.
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Both TECHNICALLY and FUNDAMENTALLY strong stock.๐ช๐ช
The company posted the best Q2 result and will very likely post a similarly strong result in Q3 too.
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The stock had given a 13-years long Volume Breakout in April 2021 and then after it has been in a retracement phase from August 2021 with decreasing volumes. Now with the formation of a Double Bottom in a Weekly timeframe stock is poised for a strong rally will begin from current levels.
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๐technofunda_traderโ
Few Important rules from my Trading Philosophy:โ
1. Buy QUALITY stock.
2. Buy RIGHT, Sit TIGHT- Only sell in loss if the fundamentals deteriorate, problems arise in management or any other similar fundamental issues.
3. Don't invest more than 5-10% in any stock & more than 25% in any particular or related sector.
4. Build position GRADUALLY as the stock RISES.
โ 5. Trade in the DIRECTION of the BIGGER trend.
6. RIDE the TREND. Don't sell your WINNERS early.
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LIKE, COMMENT & SHARE ๐๐๐
Comment your views!!!๐ง๐ค๐ง
.
๐กKey triggers for future price-performance:
Indiaโs share in Tata Steelโs overall consolidated production capacity has risen from 29% in 2010 to 57% in 2020 and is likely to reach 73% by 2030. For FY22E, Tata Steel is targeting over US$2 billion gross debt reduction wherein it will prioritise offshore debt repayment.
.
Both TECHNICALLY and FUNDAMENTALLY strong stock.๐ช๐ช
The company posted the best Q2 result and will very likely post a similarly strong result in Q3 too.
.
The stock had given a 13-years long Volume Breakout in April 2021 and then after it has been in a retracement phase from August 2021 with decreasing volumes. Now with the formation of a Double Bottom in a Weekly timeframe stock is poised for a strong rally will begin from current levels.
.
๐technofunda_traderโ
Few Important rules from my Trading Philosophy:โ
1. Buy QUALITY stock.
2. Buy RIGHT, Sit TIGHT- Only sell in loss if the fundamentals deteriorate, problems arise in management or any other similar fundamental issues.
3. Don't invest more than 5-10% in any stock & more than 25% in any particular or related sector.
4. Build position GRADUALLY as the stock RISES.
โ 5. Trade in the DIRECTION of the BIGGER trend.
6. RIDE the TREND. Don't sell your WINNERS early.
.
LIKE, COMMENT & SHARE ๐๐๐
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