Short term trading opportunity in Tata Power for > 6% upsideHi,
NSE:TATAPOWER has given a Bullish On Neck Breakout on Daily charts with very good volume.
MACD is also on the bullish side on Weekly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames.
In the current market scenario, I am expecting that the bullish momentum will continue.
Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose.
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Onneckbreakout
Massive Big Bullish Breakout of On-Neck PatternA Bullish Breakout of On Neck pattern and a Rounding Bottom is visible on the Daily chart of NSE:TATACOFFEE
MACD gave Positive crossover on Daily, Weekly and Monthly chart. So, expecting the momentum to continue.
One can create a fresh position in the scrip as per the levels mentioned on the chart.
Risk Disclaimer:
The information provided in this analysis is based on my personal interpretation of market conditions and the available data at the time of writing. It is advisable to seek advice from a qualified financial professional and to conduct your own research before making any investment decisions.
Two Bullish Breakout Patterns in a Giant F&O StockA Bullish Breakout of On Neck pattern and a Rounding Bottom is visible on the Daily chart of NSE:BRITANNIA
MACD gave Positive crossover on Daily, Weekly and Monthly chart. So, expecting the momentum to continue.
One can create a fresh position in the scrip as per the levels mentioned on the chart.
Risk Disclaimer:
The information provided in this analysis is based on my personal interpretation of market conditions and the available data at the time of writing. It is advisable to seek advice from a qualified financial professional and to conduct your own research before making any investment decisions.
Long Setup in Adani PowerAn On Neck Chart Pattern Breakout happened on the weekly Time frame of NSE:ADANIPOWER
Price Action is well supported by the volume.
The stock is currently in uptrend making higher highs and higher lows.
One can add this stock into their stocks to buy list.
Initiate the long trade only according to the levels mentioned.
Risk to Reward ratio will be 1:2
Stop loss will be on weekly closing basis.
Trend Analysis :- UP Trend
Chart Pattern :- On-Neck Chart Pattern
Technical Indicator :- Positive MACD Crossover
Long Setup in Sonata SoftwareAn On Neck Chart Pattern Breakout happened on the Daily Time frame of NSE:SONATSOFTW
Price Action is well supported by the volume.
The stock is currently in uptrend making higher highs and higher lows.
One can add this stock into their stocks to buy list.
Initiate the long trade only according to the levels mentioned.
Stop loss will be on a Daily closing basis.
Trend Analysis :- UP Trend
Chart Pattern :- Bullish On-Neck Chart Pattern
Technical Indicator :- Positive MACD Crossover