UP AND DOWN BOTH POTENTIAL HEREKeep eyes on it it will going to move Good
Keep eyes on trend line breakout
And moving average of 200
Power
Buy before dividend news as this will trigger a breakoutDividend 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
Will Adani Power copy Jindal Steel & Power !!?If I am correct then Adani Power can be bullish and is bounced back from the support level , the same as Jindal Steel & Power did!
Any suggestions, please comment
Thermax on SupportOne 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.
Honda Power Range BOBuy Honda Power
Closing Price - 1398.35
Best Buy - 1165-1235
SL - 1100 (Weekly Closing Basis)
Target - 1750/2000
Long CG Power ( at lifetime high)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
TATA POWER -- INTRADAY SETUP -- 09/06/2022TATA POWER -- HOURLY CHART - INTRADAY SETUP --09/06/2022
1. W pattern chart formation on hourly chart
2. trendline breakout seen on hourly chart
3. histogram seen supply bar level decline as trend reversal sign.
4. RSI at mid range hourly chart 49 level
5. above 20,100,200 level on daily chart.
6. intraday support 230, 227 resistance 237, 240
BUY TATA POWER @ 233
target 235-237-240
stop loss 225
** this idea is for educational purpose ..trade at own risk !!
HAPPY TRADING !
Simple Trade Setup | PFC | 16/05/22 [INTRADAY]NSE:PFC
I am posting this on request from one of the follower...
Observations:
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.
-------------------------------------
Trade Setup for 16-05-2022
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Descending Triangle PatternTata Power
Daily time Frame.
Took support at 203 for Five times.
If support broken, Target @ 173
SL 213
JINDAL STEEL & POWER --- INTRADAY SETUP -- 13/05/2022JINDAL 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
BUY JINDAL STEEL intraday above 563.50
TARGET 468-470-472
stop loss 450
** THIS IDEA IS FOR EDUCATIONAL PURPOSE ** trade at own risk. !
HAPPY TRADING !!
JINDALSTEL short tradeJINDALSTEL 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 -- INTRADAY SETUP -- 04/05/2022TATA 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
BUY TATA POWER BETWEEN 245-248 on intraday
TARGET 252-255-260
stop loss 241.50
** THIS IDEA IS FOR EDUCATIONAL PURPOSE ** trade at own risk !
HAPPY TRADING. !!
ORIENT GREEN POWER CO LTD --- DOUBLE BOTTOM 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 seen double bottom formation on oversold line
6. Double Bottom form at 200 SMA support line that is also bullish indication of trend reversal
RISK FACTOR.
* Currently % price band ( 5% circuit limit in NSE/BSE) in such case stock can go either one way parabolic form . stop loss should be strictly placed .. profit booking trailing stop loss method more useful.
BUY ORIENT GREEN POWER CO LTD @ 11.65
TARGET 15-18
stop loss 8
@@ THIS IDEA IS FOR EDUCATIONAL PURPOSE .. trade at own risk
HAPPY TRADING. !!
NTPC Channel BONTPC was give Channel BO. So can buy here 144 and add more if come 132 for the minimum target 175 ,1-3 month view.
Tata Power Long - Investor or TraderFew day's silence before storm - Tata Power. Trending stock of a trending sector. For Investment keep accumulating till 250. For trading, level marked in the chart. Range breakout, good volume.
TATA POWER -- Bullish W Pattern 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 EDUCATIONAL PURPOSE ..Trade at own risk !
HAPPY TRADING . !!
Powerful Electric Pick: POWERGRID ALL TIME HIGH BreakoutYes 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 on mega power project it is a buy for long term portfolio.
For long term SL: 160
A must must buy. NSE:P
GEECEE VENTURESGEECEE VENTURES CMP 192.35
cup and handle pattern seen on charts
can initiate longs above 195 for target of 345
ADANI POWER - POSITIONAL - 2022ADANI POWER pick as positional due to bullish technical indicators, stock recently get trend line breakout after consolidation around 95 to 100 level and give good upmove ..last 3-4 trading session nifty sharply corrected 700-800 points ..effect of which stock get corrected bit .. now around same level golden crossover as well as trend line breakout seen.
this is fair level of stock to buy where technical indicators are extremely bullish, Risk to reward ration is around 1:2 from current level 10-20 % profit can seen from cmp 109.95 Short term stock can see 125-135 and mid term 140-150 level if quarter result improves .
fundamentally co have to improve profit margin to go for long in this stock ..at present its pure technical call to get 10-20% POSITIONAL trade short term.
Techncial indicators.
1. Trendline breakout
2. Golden cross 20,50,200 sma
3 Double bottom formation at consolidation
4. RSI VALUE 61 ( 60-80) bullish when stoock uptrend
5. Higher top higher bottom formation
6. MACD above center and signal line
** PLEASE DO OWN ANLYSIS THIS IDEA CAN HELP FOR EDUCATION PURPOSE.. take call at own risk .!
HAPPY TRADING. !
Jindal Steel and Power Massive breakoutA massive breakout rally should begin in Jindal Steel and Power soon. It is a triangle pattern breakout and even horizontal trendlines are broken. Keep a strict stop loss at Rs.420 for targets of Rs.500-545-605 in the short to medium term. A decisive and strict stop loss is necessary in metal stocks as they tend to reverse sharply and are very cyclical in nature. Please do follow your stop losses.
R back on PowerReliance Power seems to take the brakeout
the first breakout is at 24.40
second breakout is at 27.40
and third breakout is at 36.65
ADANI POWER -INTRADAY SETUP - 28/01/2022ADANI POWER as intraday pick as on 28/01/2022 due to BULLISH technical signals on 15 min, hourly, daily chart. stock had strong breakout after consolidation around 100 level and seen bullish indicators at current cmp .. stock trading exactly at 200 SMA support on daily chart, on 15 min chart
stock trading above 20,50 SMA . bullish w Pattern seen on chart trend showing at upword direction from now. !
BUY ADANI POWER @ 105.65
Target 107-108-110 - intraday
stop loss 103
** THIS IDEA IS FOR EDUCATIONAL PURPOSE..DO OWN ANALYSIS...TAKE CALL AT OWN RISK. !
HAPPY TRADING. !
