Analysis: The chart you provided shows BPCL's stock price currently trading at ₹558.38, which is above the multi-year resistance level of ₹541.60 marked by the blue line. This recent breakout, accompanied by strong volume, suggests a potential continuation of the uptrend. Key Points: Breakout confirmed : BPCL successfully broke above the multi-year...
Tata power may have made a short term bottom today at 313. now it can do 2 things: First it can directly go high from here to 383-85 levels keeping stop loss at 302 below closing.. else it can waste some time here & consolidate in this range for sometime then go higher.. either way good to buy near 315-20 zone keeping 300 below closing as stop loss.
Confirmations:- 1: Rejection from Support 2: Rejection from trendline
JSW energy - 425 Rounding bottom breakout and ready for 640 levels Support at 360-350 levels
We have seen good support reversal or breakouts in Energy sector stocks from past couple of weeks. JSWEnergy is looking very attractive at 240 levels for a strong support reversal for medium term. Keep on radar for big target of 300 and above. Idea shared only for educational purpose,
IEX is finally showing signs of a consolidation and also a potential breakout after a healthy correction from ATH. With RSI at 50+ on weekly charts, this makes it a good candidate for buying on dips for as long as trend is up. To ascertain if trend is up please keep track of certain indications - 1] Price action - Higher high and higher low formations 2] Moving...
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?
Monthly bullish Weekly bullish Daily :- need to retest the 300 level Final tgt :- 340 S.L :- 285
📈 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...
IEX giving short term entry opportunity. Entry at current levels with SL @ 200. Target 7-10 percent near term
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.
Levels are mentioned on the chart for the short and long term as well . Trade with given levels . Follow for more in the future.
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
After one bear trap price came up to this much. And I heading this up to next resistance as a swing trade...
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.