Tata Steel (NSE: TATASTEEL) Smart Money Flow: 18 April 2018, Wednesday, 11.30m Singapore Time

Tata Steel (NSE: TATASTEEL) Smart Money Flow:
18 April 2018, Wednesday, 11.30m Singapore Time
(Click on Smart Money Flow Chart of Tata Steel above to Expand)

Attached above is the Smart Money Flow of Tata Steel (NSE: TATASTEEL) that is listed in the NSE of India. TataSteel is in sync with worldwide smart money flow on Steel and Steel Stocks. Smart monies internationally had successfully shaken out steel stock investors' holdings worldwide, while they themselves are holding on to steel stocks strongly. Retailers trampled on retailers in essence, allowing the chance for smart monies to long up from the minor rest in prices. This was the exact same case of what happened in Malaysia too. With such funds flow strength in holdings, and with no willingness to sell at all, 750.00 will break up, and prices will normally double to give at least another +100% profits from here. Very bullish on Tata Steel of India.

Past Tata Steel Analysis:
http://donovan-ang.blogspot.sg/search/label/TATA%20Steel

Donovan Norfolk Ang

The fierce fight for steel between USA and China from 2017 onwards: 10 November 2016

Steel commodity, steel companies and steel stocks all over the world will rally very fiercely in 4Q-2016 and 2017

Whatever that is related to steel will all glitter from 4Q-2016 onwards. The price of steel and infrastructure-commodities will shoot up tremendously because the big economies are turning to infrastructure development at the same time. Steel commodity, steel companies and steel stocks all over the world will rally from the bottom now. Donald Trump will lift the price lid on steel. 

It will be a fight for steel now between China and US. China wants to develop Asia's railway network, and US is there to fight for the steel and jack up the prices. US wants to develop infrastructure for the long term now. China's Silk Road railway network may have to be done with much difficulty. 

If you want to make good money, but have no idea how to, below are some trade ideas. Stay vested for at least 1 year, rewards will be good:

Dow Jones US Steel Index 

as litmus indicator of Worldwide Steel Prices
Uptrend with 200MA and 50 MA both acting as major supports;
all buying are high volume real buys

USX-US Steel Group Inc (NYSE: X)

Large US Steel Corporation

Uptrend with 200MA and 50 MA both acting as major supports

Pohang Iron and Steel, POSCO (NYSE: PKX)

Large Korean Iron and Steel Corporation
Uptrend with 200MA and 50 MA both acting as major supports

Tata Steel (NSE: TATASTEEL.IN)

Large India Steel Corporation
Uptrend with 200MA and 50 MA both acting as major supports

VanEck Vectors Steel ETF (NYSE: SLX)

Steel ETF: Investing in Steel directly
Uptrend with 200MA and 50 MA both acting as major supports

Gibraltar Steel Corp (NASDAQ: ROCK)

Investing in other steel companies besides the giants
Uptrend with 200MA and 50 MA both acting as major supports

CosmoSteel listed in Singapore SGX
(SGX: B9F, CosmoSteel)
Bottoming with low volume market re-accumulation

Angang Steel Co. (HKSE: 00347)
a large China steel corporation that is listed both in Hong Kong and China
Bullish Rounding Bottom

Malaysia Steel Works KL Bhd (KLSE: 5098)
a steel company listed in Malaysia KLSE
Bullish cup and handle accompanied with real solid volume of buy-ups; a show of intention.

PMETAL (KLSE: 8869)
a metals company listed in Malaysia KLSE
Bullish cup and handle accompanied with confirmation of change of trend to large uptrend

SOUTHERN STEEL (SSTEEL) (KLSE: 5665)
a steel company listed in Malaysia KLSE
Green circled region: change of trend to large uptrend.
Light green circled region: double confirmation of huge uptrend to come.

TKC Steel Corp (PSE: T)
a steel company listed in Philippines PSE
Breakup with high volume and buy-up with high volume at major resistance-turned-supports;
a show of intention.

Triangulation achieved.

Donovan Norfolk Technical Ratings:
BUY PLENTY OF STEEL AND METAL STOCKS TO GET RICH
HIGHLY BULLISH ON RAW MATERIALS SUCH AS STEEL AND METALS

Donovan Norfolk Ang

TATA Steel: 18 January 2015, Sunday, 1.55pm Singapore Time

TATA Steel: 18 January 2015, Sunday, 1.55pm Singapore Time

Chart courtesy of Chartnexus.com

Attached above is the technical analysis of the stock TATA Steel that is listed in the India Stocks Market.

All technical illustrations as per on chart above.

TATA Steel executed a large scale fake break out as illustrated in the RED BOX above.
India financial markets will follow this kind of bearish formation soon, with TATA Steel acting as a leading indicator. The above price structure is very bearish in nature. As TATA Steel is a pretty reliable leading indicator, India stocks market has a high chance of transiting into a market that is very bearish in nature.

Note also that based on TATA Steel as above, India economy is slowing down and going downhill now.

Be cautious.

Refer India VIX as cross reference:
http://donovan-ang.blogspot.sg/2015/01/india-vix-18-january-2015-sunday-1255pm.html

Donovan Norfolk Technical Rating:

BEARISH On India

Donovan Norfolk Ang

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