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.
Weekly 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.
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.
This idea is only for the Educational purpose. Tarde at your own Risk.
If you like the idea...
Tata power has good fundaments
good to buy in higher highs structure
target on monthly TIMEFRAME 441
stoploss is previous swing low
entry should be on pullback
best entry possible if stock gives correction till in 289 to 300 zone
The 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.
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..!