NSE:SUZLON has given double bottom breakout and as well is near breaking of its trendline, the trade can be taken after breaking of trendline for the given targets. RSI is showing bullish divergence as well. Will trendline be broken out?
📈 IEX ( Indian Energy Exchange ) 📉
Today broke out from a downtrending Trendline Zone on closing basis.
On Buy Side I am looking for Targets of 238, 266 followed by 295.
StopLoss should be kept at close below 216.
It offers 1:5 Risk To Reward.
All Important Supports and Resistances are drawn in chart. All levels are on closing basis.
Please have a look and...
Hi guys, I hope you all are doing well.
Tatapower has given a breakout of the upper resistive trendline and all together a breakout of the symmetrical triangle pattern which also looks to be a part of a bigger flag & pennant pattern.
Buy above - 230
Targets are mentioned in the chart above
The best part is that cnxenergy has recently given a breakout after a...
The energy sector of our market seems to have given a breakout, it has been in a consolidation for a while now and has shown a healthy correction of 50% according to fib retracement.
The pattern it formed was an ideal flag and pole pattern which is a pattern that gives a good momentum when its broken and gives a rally of equal to it's last rally.
The RSI stands...
TATA POWER if it breaks the support line then it might fall upto 200 level which was the previous consolidation zone support level. However one can see a fresh buying opportunity only after full correction completed.
Market Cap
₹ 29,432 Cr.
Current Price
₹ 29.3
High / Low
₹ 31.1 / 19.7
Stock P/E
8.68
Book Value
₹ 32.9
Dividend Yield
5.46 %
ROCE
9.21 %
ROE
10.0 %
Face Value
₹ 10.0
as per chart it looks too good for grab
add in small qty, energy sector looks too much promising in last few days.
SL 115 for short term and 110 for medium term investors looks good.
TATA POWER has broken ALL TIME HIGH that has been made 13 years back.
Volume is good.
Which indicates a strong buying opportunity.
ENTRY : Buy above 165
SL : 150 CBSL
TARGET : 180/200/220
NOTE :This post is just for educational purpose. Do consult with your financial advisor before taking any trade.
Thank you.
COALINDIA 15 min time frame analysis
Traders can go for swing trade for this one .
See the movement and Go long or Short after proper breakout and break down
Please put proper stop loss
*We are not SEBI registered
This is only for educational purpose.
Please consult your advisor before making any trade or investment
1. MACD showing strength
2. Energy sector looks bullish
3. Supported by increase in reliance
4. Possible reversal from Support trendline
5. Weekly trend is uptrend
NSE:BORORENEW at demand zone with results lined up next week it is a good script to look after if you trade with technical
Inverse Head and shoulder pattern formed!
Good accumulation at recent levels !!
After spending considerable time in the range of 200-240. The stock has given bullish signals on both indicators for the breakout.
The sustained price movement above 240 can be considered as a breakout.
A significant bullish move can be seen till 285-290.
Stock has risen from Golden Fibonacci Level of 38.2%. If sustains above TL and crosses 111 on Daily candle close then can target levels of 115, 120 and 125
