Tata steel share price takes an exciting take-off attracting investors

Tata steel share price has recently started showing its familiar uptrend attracting a good number of buyers.

Tata steel news

The Indian stock market continues its bull run with Sensex up 0.88 percent to 40901.72, and the Nifty moving up 97.20 points or 0.82 percent reaching 11994.

One of the leading sectors has been the Metals – steel, aluminium or Zinc. It moved up 2%. The key performers have been Tata Steel, Jindal Steel, Hindustan Zinc, Hindalco Industries, MOIL, JSW Steel, Ratnamani Metals and SAIL. The metal group as of late has experienced some solidification and stayed away from the market correction on October 15, 2020. The following day the metal stocks inside this space just flew, particularly the steel stocks.

Traditionally, Tata steel has been on top of all steel industries and as such Tata steel is one of the most favorite shares of investors and brokerage houses. Steel prices have gone up and the demand is going up after the covid induced lockdown which augurs well for the Tata steel share price. A wise decision for long term investment.

Tata steel share price movement

 Metal stocks have been in a recovery mode and have shown significant resilience in the current market volatility. Stocks like JSW Steel have managed to retest their new 52-week high despite jittery market conditions, indicating the prevailing positive bias in the metal space. We believe stocks like Tata Steel will resume their uptrend on account of short-covering.

 The open interest in the stock declined sharply in June amid short-covering. Since September, the stock has witnessed a downtrend with short additions. These positions have begun to be covered. We now expect the momentum to be seen along with covering of short positions in the coming sessions.

 In the options space, the stock has the highest Call option base at the 400 strikes followed by 420 strikes. As the stock was in a consolidation phase, Call writers are active at the 400 strikes. Sustainability above this level may trigger a further up move on the back of short-covering in the Call writer’s position. These positions may shift to higher OTM strikes. At the same time, Put open interest base is strengthening at the 380 and 370 Put, which can act as strong support on downsides

 From June to August, Tata steel share price witnessed an impulsive up move towards Rs 445 levels. Since then, it has remained largely range-bound with time and price based correction. This recent decline towards Rs 360 has given another opportunity to go long in the stock for fresh upsides

 The stock has seen one of the highest delivery based actions around Rs 340-360 in June. We expect levels around Rs 360 to act as crucial support for the stock in the short-term. With the early signs of the stock moving out of the prevailing range, analysts expect it to continue its upward momentum

Also Read: Jindal Stainless Steel share going up – Invest Money

Also Read: TATA-Walmart deal: A real game-changer in the Indian business landscape

The post Tata steel share price takes an exciting take-off attracting investors appeared first on Invest Money – Stock Market, Money, Business.

source https://moneyinvestors.in/tata-steel-share-price/
Source: https://ncairwaysonline.blogspot.com/2020/10/tata-steel-share-price-takes-exciting.html

Tata steel share price takes an exciting take-off attracting investors

Tata steel share price has recently started showing its familiar uptrend attracting a good number of buyers.

Tata steel news

The Indian stock market continues its bull run with Sensex up 0.88 percent to 40901.72, and the Nifty moving up 97.20 points or 0.82 percent reaching 11994.

One of the leading sectors has been the Metals – steel, aluminium or Zinc. It moved up 2%. The key performers have been Tata Steel, Jindal Steel, Hindustan Zinc, Hindalco Industries, MOIL, JSW Steel, Ratnamani Metals and SAIL. The metal group as of late has experienced some solidification and stayed away from the market correction on October 15, 2020. The following day the metal stocks inside this space just flew, particularly the steel stocks.

Traditionally, Tata steel has been on top of all steel industries and as such Tata steel is one of the most favorite shares of investors and brokerage houses. Steel prices have gone up and the demand is going up after the covid induced lockdown which augurs well for the Tata steel share price. A wise decision for long term investment.

Tata steel share price movement

 Metal stocks have been in a recovery mode and have shown significant resilience in the current market volatility. Stocks like JSW Steel have managed to retest their new 52-week high despite jittery market conditions, indicating the prevailing positive bias in the metal space. We believe stocks like Tata Steel will resume their uptrend on account of short-covering.

 The open interest in the stock declined sharply in June amid short-covering. Since September, the stock has witnessed a downtrend with short additions. These positions have begun to be covered. We now expect the momentum to be seen along with covering of short positions in the coming sessions.

 In the options space, the stock has the highest Call option base at the 400 strikes followed by 420 strikes. As the stock was in a consolidation phase, Call writers are active at the 400 strikes. Sustainability above this level may trigger a further up move on the back of short-covering in the Call writer’s position. These positions may shift to higher OTM strikes. At the same time, Put open interest base is strengthening at the 380 and 370 Put, which can act as strong support on downsides

 From June to August, Tata steel share price witnessed an impulsive up move towards Rs 445 levels. Since then, it has remained largely range-bound with time and price based correction. This recent decline towards Rs 360 has given another opportunity to go long in the stock for fresh upsides

 The stock has seen one of the highest delivery based actions around Rs 340-360 in June. We expect levels around Rs 360 to act as crucial support for the stock in the short-term. With the early signs of the stock moving out of the prevailing range, analysts expect it to continue its upward momentum

Also Read: Jindal Stainless Steel share going up – Invest Money

Also Read: TATA-Walmart deal: A real game-changer in the Indian business landscape

The post Tata steel share price takes an exciting take-off attracting investors appeared first on Invest Money – Stock Market, Money, Business.

source https://moneyinvestors.in/tata-steel-share-price/

Jindal Stainless Steel share going up – Invest Money [Flickr]

airwaysnc posted a photo:

Jindal Stainless Steel share price going bullish! Jindal Stainless Steel (JSL), part of the OP Jindal Group, is India’s largest stainless steel producer with a melting capacity of 1.1 million tonnes per annum. Apart from its state-of-the-art manufacturing unit in Odisha, JSL also has a 250000 tonnes per annum (TPA) Ferroalloy plant and a 264 MW captive power plant.

o The Jindal Stainless Steel share price has logged a resolute breakout from two years base formation (Rs 23-53) backed by a faster pace of retracement as stock entirely retraced past seven weeks decline (Rs 53-39) in just single week. Multi-year consolidation breakout supported by a faster pace of retracement, signifies resumption of the primary uptrend, auguring well for next leg of an up move

o Key point to highlight during ongoing up move off March low (Rs 21) is that, the stock has been trading in a upward sloping channel indicating elevated buying demand. In the process stock has closed above 200 weeks EMA for the first time in two years, indicating rejuvenation of up trend

o The two years consolidation breakout has been backed by highest weekly volume since January 2020, highlighting larger participation. moneyinvestors.in/jindal-stainless-steel-share/

source https://www.flickr.com/photos/165450454@N07/50510952098/
Source: https://ncairwaysonline.blogspot.com/2020/10/jindal-stainless-steel-share-going-up_20.html

Jindal Stainless Steel share going up – Invest Money

Jindal Stainless Steel share price going bullish! Jindal Stainless Steel (JSL), part of the OP Jindal Group, is India’s largest stainless steel producer with a melting capacity of 1.1 million tonnes per annum. Apart from its state-of-the-art manufacturing unit in Odisha, JSL also has a 250000 tonnes per annum (TPA) Ferroalloy plant and a 264 MW captive power plant.

o The Jindal Stainless Steel share price has logged a resolute breakout from two years base formation (Rs 23-53) backed by a faster pace of retracement as stock entirely retraced past seven weeks decline (Rs 53-39) in just single week. Multi-year consolidation breakout supported by a faster pace of retracement, signifies resumption of the primary uptrend, auguring well for next leg of an up move

o Key point to highlight during ongoing up move off March low (Rs 21) is that, the stock has been trading in a upward sloping channel indicating elevated buying demand. In the process stock has closed above 200 weeks EMA for the first time in two years, indicating rejuvenation of up trend

o The two years consolidation breakout has been backed by highest weekly volume since January 2020, highlighting larger participation.

o On the oscillator front, weekly RSI resolved out of three years resistance of 68, indicating reviving upward momentum

o Therefore, analysts expect Jindal Stainless Steel share price to accelerate ongoing momentum and head towards Rs 64 levels in the coming months as it is the upper band of rising channel placed at Rs 66 coincided with 161.8% external retracement of CY20 decline (Rs 47-21), at Rs 63.

Jindal Stainless Steel share. Its time to enter

JSL has its plant located in Jajpur, Odisha. JSL is strengthening India with the ‘metal of tomorrow’. For our kitchens, we are eager to search for the Jindal stainless steel modular kitchen price. The company is engaged in the business of procuring stainless steel scrap, chrome ore, nickel and other alloy elements from the market and convert them into varied stainless steel products. Company’s business operations are primarily involved in the manufacturing of flat stainless steel products.

JSL has ~25% market share in the overall domestic stainless steel market and its product basket includes slab, hot rolled annealed pickle coil, Cold rolled annealed pickle coil and plates. Around 20% of JSL’s total volume is exported (majorly to Europe and South-east Asia), while the balance 80% of the overall volume caters to the domestic requirements. The company has a healthy logistics infrastructure, which includes in-house railway sliding, along-with close proximity to ports providing strong support to overall operations.

Recently the government has issued an order to levy provisional countervailing duty (CVD) in the range of 22.31% to 24.83% on certain types of flat stainless steel products from Indonesia for a period of four months from October 9, 2020. This step also augurs well for the company.

Also Read: Time to Buy Infosys is Now

Also Read: TATA-Walmart deal: A real game-changer in the Indian business landscape

The post Jindal Stainless Steel share going up – Invest Money appeared first on Invest Money – Stock Market, Money, Business.

source https://moneyinvestors.in/jindal-stainless-steel-share/
Source: https://ncairwaysonline.blogspot.com/2020/10/jindal-stainless-steel-share-going-up.html

Jindal Stainless Steel share going up – Invest Money [Flickr]

airwaysnc posted a photo:

Jindal Stainless Steel share price going bullish! Jindal Stainless Steel (JSL), part of the OP Jindal Group, is India’s largest stainless steel producer with a melting capacity of 1.1 million tonnes per annum. Apart from its state-of-the-art manufacturing unit in Odisha, JSL also has a 250000 tonnes per annum (TPA) Ferroalloy plant and a 264 MW captive power plant.

o The Jindal Stainless Steel share price has logged a resolute breakout from two years base formation (Rs 23-53) backed by a faster pace of retracement as stock entirely retraced past seven weeks decline (Rs 53-39) in just single week. Multi-year consolidation breakout supported by a faster pace of retracement, signifies resumption of the primary uptrend, auguring well for next leg of an up move

o Key point to highlight during ongoing up move off March low (Rs 21) is that, the stock has been trading in a upward sloping channel indicating elevated buying demand. In the process stock has closed above 200 weeks EMA for the first time in two years, indicating rejuvenation of up trend

o The two years consolidation breakout has been backed by highest weekly volume since January 2020, highlighting larger participation. moneyinvestors.in/jindal-stainless-steel-share/

source https://www.flickr.com/photos/165450454@N07/50510952098/

Jindal Stainless Steel share going up – Invest Money

Jindal Stainless Steel share price going bullish! Jindal Stainless Steel (JSL), part of the OP Jindal Group, is India’s largest stainless steel producer with a melting capacity of 1.1 million tonnes per annum. Apart from its state-of-the-art manufacturing unit in Odisha, JSL also has a 250000 tonnes per annum (TPA) Ferroalloy plant and a 264 MW captive power plant.

o The Jindal Stainless Steel share price has logged a resolute breakout from two years base formation (Rs 23-53) backed by a faster pace of retracement as stock entirely retraced past seven weeks decline (Rs 53-39) in just single week. Multi-year consolidation breakout supported by a faster pace of retracement, signifies resumption of the primary uptrend, auguring well for next leg of an up move

o Key point to highlight during ongoing up move off March low (Rs 21) is that, the stock has been trading in a upward sloping channel indicating elevated buying demand. In the process stock has closed above 200 weeks EMA for the first time in two years, indicating rejuvenation of up trend

o The two years consolidation breakout has been backed by highest weekly volume since January 2020, highlighting larger participation.

o On the oscillator front, weekly RSI resolved out of three years resistance of 68, indicating reviving upward momentum

o Therefore, analysts expect Jindal Stainless Steel share price to accelerate ongoing momentum and head towards Rs 64 levels in the coming months as it is the upper band of rising channel placed at Rs 66 coincided with 161.8% external retracement of CY20 decline (Rs 47-21), at Rs 63.

Jindal Stainless Steel share. Its time to enter

JSL has its plant located in Jajpur, Odisha. JSL is strengthening India with the ‘metal of tomorrow’. For our kitchens, we are eager to search for the Jindal stainless steel modular kitchen price. The company is engaged in the business of procuring stainless steel scrap, chrome ore, nickel and other alloy elements from the market and convert them into varied stainless steel products. Company’s business operations are primarily involved in the manufacturing of flat stainless steel products.

JSL has ~25% market share in the overall domestic stainless steel market and its product basket includes slab, hot rolled annealed pickle coil, Cold rolled annealed pickle coil and plates. Around 20% of JSL’s total volume is exported (majorly to Europe and South-east Asia), while the balance 80% of the overall volume caters to the domestic requirements. The company has a healthy logistics infrastructure, which includes in-house railway sliding, along-with close proximity to ports providing strong support to overall operations.

Recently the government has issued an order to levy provisional countervailing duty (CVD) in the range of 22.31% to 24.83% on certain types of flat stainless steel products from Indonesia for a period of four months from October 9, 2020. This step also augurs well for the company.

Also Read: Time to Buy Infosys is Now

Also Read: TATA-Walmart deal: A real game-changer in the Indian business landscape

The post Jindal Stainless Steel share going up – Invest Money appeared first on Invest Money – Stock Market, Money, Business.

source https://moneyinvestors.in/jindal-stainless-steel-share/

Facebook Issues For Individuals, Small and Big Businesses [Flickr]

airwaysnc posted a photo:

Facebook is the second most used social networking website in the world. The huge amount of people that use this website every day makes it one of the most popular sites for business purposes. Unfortunately, Facebook has a number of issues that many business owners are not aware of.

Masked faces

One of Facebook issues that many people have is the fact that they may think that there is too much information being posted on the site. There is a limit on how much information can be posted on the site because of a copyright law called the “copyright clause” which states that any person who posts information on the site must do so with their permission. Although this does not necessarily prevent people from posting information on the site, there are still a number of people who try to do so without permission. This is why many of the problems that some businesses encounter when they are using the site are actually due to people posting their personal information, which is not allowed by Facebook’s terms and conditions.

Also Read: More than 1,000 companies have boycotted Facebook

Other facebook issues that some businesses face when they are using Facebook is the fact that people post advertisements without their permission. This is one of the biggest causes of Facebook’s financial struggles as well. Many businesses post advertisements on the site and then wait to see what happens with them. moneyinvestors.in/facebook-issues/

source https://www.flickr.com/photos/165450454@N07/50498397282/
Source: https://ncairwaysonline.blogspot.com/2020/10/facebook-issues-for-individuals-small_17.html

Facebook Issues For Individuals, Small and Big Businesses

Facebook is the second most used social networking website in the world. The huge amount of people that use this website every day makes it one of the most popular sites for business purposes. Unfortunately, Facebook has a number of issues that many business owners are not aware of.

Masked faces

One of Facebook issues that many people have is the fact that they may think that there is too much information being posted on the site. There is a limit on how much information can be posted on the site because of a copyright law called the “copyright clause” which states that any person who posts information on the site must do so with their permission. Although this does not necessarily prevent people from posting information on the site, there are still a number of people who try to do so without permission. This is why many of the problems that some businesses encounter when they are using the site are actually due to people posting their personal information, which is not allowed by Facebook’s terms and conditions.

Also Read: More than 1,000 companies have boycotted Facebook

Other facebook issues that some businesses face when they are using Facebook is the fact that people post advertisements without their permission. This is one of the biggest causes of Facebook’s financial struggles as well. Many businesses post advertisements on the site and then wait to see what happens with them. One of the worst things that you could have happened would be that they get pulled off of the site. However, there are some advertisers that are willing to put their advertisements on the site if they get the proper amount of exposure.

Another issue that many companies have with Facebook is the fact that their business pages are not always properly maintained. Business owners have become quite frustrated by the fact that they may only post one status update on their page every single day. Many of the other posts that they have made may have been lost, deleted, or moved to another section of the site. Many of these companies have spent a lot of money just trying to figure out how to make their pages look good.

Another issue that many businesses find with Facebook is that they cannot afford to pay for advertising costs every month. They pay a monthly fee to Facebook for their advertising privileges, but when the advertisements that are placed on their pages are not effective, they are required to pay the amount for the entire month. This has caused many businesses to cut back on their advertising budgets, which may even lead to losing the accounts of those that they had paid up front for advertising services.

If you want to be successful with your business using Facebook, it is important that you are able to have the right strategies in place. for getting your brand out there in the online marketplace. You need to make sure that all of the different aspects of your business are set up correctly so that the results that you achieve are the ones that you expect to have.

The post Facebook Issues For Individuals, Small and Big Businesses appeared first on Invest Money – Stock Market, Money, Business.

source https://moneyinvestors.in/facebook-issues/
Source: https://ncairwaysonline.blogspot.com/2020/10/facebook-issues-for-individuals-small.html

Facebook Issues For Individuals, Small and Big Businesses [Flickr]

airwaysnc posted a photo:

Facebook is the second most used social networking website in the world. The huge amount of people that use this website every day makes it one of the most popular sites for business purposes. Unfortunately, Facebook has a number of issues that many business owners are not aware of.

Masked faces

One of Facebook issues that many people have is the fact that they may think that there is too much information being posted on the site. There is a limit on how much information can be posted on the site because of a copyright law called the “copyright clause” which states that any person who posts information on the site must do so with their permission. Although this does not necessarily prevent people from posting information on the site, there are still a number of people who try to do so without permission. This is why many of the problems that some businesses encounter when they are using the site are actually due to people posting their personal information, which is not allowed by Facebook’s terms and conditions.

Also Read: More than 1,000 companies have boycotted Facebook

Other facebook issues that some businesses face when they are using Facebook is the fact that people post advertisements without their permission. This is one of the biggest causes of Facebook’s financial struggles as well. Many businesses post advertisements on the site and then wait to see what happens with them. moneyinvestors.in/facebook-issues/

source https://www.flickr.com/photos/165450454@N07/50498397282/

Facebook Issues For Individuals, Small and Big Businesses

Facebook is the second most used social networking website in the world. The huge amount of people that use this website every day makes it one of the most popular sites for business purposes. Unfortunately, Facebook has a number of issues that many business owners are not aware of.

Masked faces

One of Facebook issues that many people have is the fact that they may think that there is too much information being posted on the site. There is a limit on how much information can be posted on the site because of a copyright law called the “copyright clause” which states that any person who posts information on the site must do so with their permission. Although this does not necessarily prevent people from posting information on the site, there are still a number of people who try to do so without permission. This is why many of the problems that some businesses encounter when they are using the site are actually due to people posting their personal information, which is not allowed by Facebook’s terms and conditions.

Also Read: More than 1,000 companies have boycotted Facebook

Other facebook issues that some businesses face when they are using Facebook is the fact that people post advertisements without their permission. This is one of the biggest causes of Facebook’s financial struggles as well. Many businesses post advertisements on the site and then wait to see what happens with them. One of the worst things that you could have happened would be that they get pulled off of the site. However, there are some advertisers that are willing to put their advertisements on the site if they get the proper amount of exposure.

Another issue that many companies have with Facebook is the fact that their business pages are not always properly maintained. Business owners have become quite frustrated by the fact that they may only post one status update on their page every single day. Many of the other posts that they have made may have been lost, deleted, or moved to another section of the site. Many of these companies have spent a lot of money just trying to figure out how to make their pages look good.

Another issue that many businesses find with Facebook is that they cannot afford to pay for advertising costs every month. They pay a monthly fee to Facebook for their advertising privileges, but when the advertisements that are placed on their pages are not effective, they are required to pay the amount for the entire month. This has caused many businesses to cut back on their advertising budgets, which may even lead to losing the accounts of those that they had paid up front for advertising services.

If you want to be successful with your business using Facebook, it is important that you are able to have the right strategies in place. for getting your brand out there in the online marketplace. You need to make sure that all of the different aspects of your business are set up correctly so that the results that you achieve are the ones that you expect to have.

The post Facebook Issues For Individuals, Small and Big Businesses appeared first on Invest Money – Stock Market, Money, Business.

source https://moneyinvestors.in/facebook-issues/