Dividend will always be paid in Jan month and this will be the trigger, min 4 Rs dividend expected as the debt service has increased
As H1 has performed better than previous years H1, this will give a good move till 85 levels
One can look to add thermax at current levels as it tries to respect its trendline. I still believe that we (Indian Stock Market) will continue to outperform the US markets. Good zone to accumulate/buy. But if the current levels break, then exit; do not take unnecessary risk.
CG Power at life time high. Further company has good fundamentals and best thing with lifetime high share is we have Stop loss so loss is limited and profit.......sky is the limit in such all time high stocks. so you got the trick. this trick is only for investors
I am posting this on request from one of the follower...
1) On 1day time frame, it is near critical range which is 104-106. which was working as support in recent days and as well as in past year.
If it breakdown this range then we can see down move.
100 is psychological support level.
Please refer below chart : 1day time frame. ...
JINDAL STEEL & POWER -- 15 MIN CHART -- INTRADAY SETUP
1. Stock seen oversold at daily chart
2. lower channel breakout seen above 463.50 stock currently trading at 461 level
3. BUY at breakout level above 463.50
4. wave trend seen moveing upword direction
5. double bottom support seen as trend reversal signal
6. above 200 SMA daily chart
JINDALSTEL short trade looks worth considering as after a parabolic upside move it has come out of trendline and formed an inside candle with break down on the lower side thus indicating short trade below 545 with stoploss of 571 and target of 520,465
TATA POWER -- HOURLY CHART -- INTRADAY SETUP-- 04/05/2022
1. Trend line breakout seen at last Hourly candle after recent correction from 298 sub level to 248 level .
2. Before trendline breakout double bottom formation seen around 238 level
3. WAVE TREND seen bullish
4. trend reversal sign clearly seen around 245 level as last hourly candle
ORIENT GREEN POWER CO LTD- DAILY CHART
1. Trendline breakout seen on daily chart recently
2. Triangle pattern breakout also can seen on chart
3. Double bottom formation seen, where both double bottom candles are hammer candle,
4. After hammer candle last closing candle is bullish green which confirm double bottom and trend reversal to bullish
5. wave trend also...
TATA POWER DAILY CHART BULLISH W PATTERN
1. Stock trendline support at 200 level
2. Double bottom Formation seen at 200 level
3. Formation of Bullish w pattern on daily chart
4. Resistance breakout seen last daily closing candle
5. short term target 260+
BUY TATA POWER @ 241.35
TARGET 260+ short term ( 1 Month )
stop loss 220
** THIS IDEA IS FOR...
Yes it is a powerful electric pick, POWER GRID broke ATH today, Closed above Darvas ji ka box. An open above the box could give decent up-move, but don't forget it is also a one of the best bet for long term portfolio in Energy sector. Energy sector is the future.
Power sector stocks are in bull run. Considering company's business portfolio and government policy...