TATA POWER -- INTRADAY SETUP -- 04/05/2022

May 3, 2022

TATA POWER -- HOURLY CHART -- INTRADAY SETUP-- 04/05/2022

1. Trend line breakout seen at last Hourly candle after recent correction from 298 sub level to 248 level .

2. Before trendline breakout double bottom formation seen around 238 level

3. WAVE TREND seen bullish

4. trend reversal sign clearly seen around 245 level as last hourly candle


BUY TATA POWER BETWEEN 245-248 on intraday

TARGET 252-255-260

stop loss 241.50


** THIS IDEA IS FOR EDUCATIONAL PURPOSE ** trade at own risk !

HAPPY TRADING. !!

May 4, 2022

Note

short term long position also can be taken at this 248 for target 250-260-280

May 4, 2022

Note

as stock open above 248 new intraday support will be 247-248 now

May 4, 2022

Note

intraday high 252.90 till now. 9.25 am - 04/05/2022

May 4, 2022

Note

partial profit book at 253.90 .. 9.50 am - 04/05/2022

May 4, 2022

Note

book profit above 253.50 with trailing stop loss. !

May 4, 2022

Note

nifty looking for some support at 16930 as back to back doji candle formation 15 min chart , if nifty break 16900 then will be bearish . above 17000 will be bullish on intraday . !

May 4, 2022

Note

one can reenter around intraday support 248-249 revised stop loss bellow 245
and keep revised target 252-255

May 4, 2022

Note

RBI POLICY ...!! lets see how market takes it ! as if nifty strongly negative

May 4, 2022

Note

RBI POLICY -- REPO RATE . CRR increase does not like market . nifty break 16800 support level which was hold strongly till now. !

May 4, 2022

Note

though profit booking has made on TATA POWER earlier at Morning session . !

May 4, 2022

Trade closed: target reached