Power
Suzlon is ready to DOUBLE from here !Suzlon has created a double positive chart pattern
1. Flag Pattern - Breakout Done
2. Rounding Bottom - At Breakout area.
Flag pattern has a pole of 40 points which make the target of 94 - It has already broken out from the Flag pattern.
Rounding Bottom its almost there breakout is above 56. Once this is crossed it will start its journey towards 104 level.
Long term View!!
SWELECT ENERGY SYS: READY TO RESUME UP MOVE.NSE:SWELECTES
- Business Segments The company operates in solar energy systems or services, foundry, and other areas.
- Products : Swelect offers solar PV modules, inverters, water pumps, servo stabilizers, and iron and steel.
- Services : They provide energy conservation, audits, site feasibility analysis, EPC contracts, and operation and maintenance services.
- Headquarters : The company is headquartered in Chennai, India. 🌞🔌
Technical Outlook:-
From mid-April, this stock has been in a retracement phase for the major up trend and now looks like it's trading at the confluence of the support zone which can push the price again in the original direction.
The channel support line.
The 50 EMA retest Zone.
0.5 retrace of previous up swing.
Entry :- 1 hour candle close above 1270 will be a good confirmation.
Stop:- A falling wedge is in the formation of in case of uncertainty and any adverse move we will close it if a day candle closes below the Red line on the chart.
Targets: have been marked on the chart with the forecast of fib price projection tool.
Always use position sizing to manage your trade size with proper stop loss levels.
Keep Learning,
Happy Trading.
NHPC AnalysisHere's another good quality stock on my radar, NHPC.
A great power company, fell pretty hard during the correction in March but now looks like, it's back in the move.
Here are the details about the analysis-
CMP- 91.50
Target- 100
Stoploss- 88
Duration- 1-2 months
Fundamentally good company which, now, looks good on charts.
let me know what you think about it :)
TATA POWER CO LTD.Good Buy in TATA POWER
Best buy : In the range of 205-210.
For the Targets of : 215/230/250/280 +++++
Stop Loss : 195
Reason to Buy :
1: Good Support form the Demand Zone of 200-205
2: Break out of Falling wedge pattern.
3: Good Risk to Reward Ratio.
Thanks
Note:
This idea is only for the Educational purpose. Tarde at your own Risk.
If you like the idea plz do like & support.
Tata Power v wave pendingTata 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.
JPPOWERWeekly Candle timeframe
looks very good bullish now
Head and should pattern has broken in mothly time frame.
and now making price action and going up.
i am very bulish on this.
DISCLAIMER: I AM NOT SEBI REGISTERED ANALYST. ALL POSTS ARE EDUCATIONAL PURPOSE. NON ADVISORY, DISCRETIONAL NO CLAIMS, RIGHTS RESERVED. I AM NOT RESPONSIBLE FOR YOUR PROFIT OR LOSS.
Jaiprakash Power(JPPOWER) Stock Targets 10.90 and 11.95The current price stands at 9.90. After conducting a three-week analysis, I've identified a promising trade opportunity for Jaiprakash Power Ventures Ltd (JPPOWER) stock. My evaluation indicates two potential profit targets: the first set at 10.90 and the second at 11.95. It's crucial to establish a clear stop-loss level to effectively manage risks.
Trade Idea: Consider taking a long position on JPPOWER stock for a three-week period, with the first profit target set at 10.90 and the second at 11.95. Implement a well-defined stop-loss strategy to manage risks effectively.
1st Target --> 10.90
2nd Target --> 11.95
Best regards,
Kambi
JP POWER TARGET 21 ?JP power is forming head and shoulder with good divergence on monthly chart on long term we can see a trend change in this share from a long time share is forming lower high pattern now, we can see trend change in this particular script. We can see a high of 21 then see a higher low pattern and we can see this script in uptrend. Power is future .. Cheers..!