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. !
Power
Tata Power : DWM Analysis.......No Buy / No sale :::: ONLY VIEW ::::
Its pure knowledge sharing Idea based on my study of Indicators which i follows...
Tata Power :
Daily : Near 50 DMA
Weekly : 193 good support on weekly closing basis
Monthly : Inverted Hammer
Currently Stock have strong support of 213 on daily @ which it take support twice last week n reversed
To me Stock is in Range of 213-253........
Needs to break either side....... to get momentum.......
Powergrid Technical view!We can observe an ascending triangle pattern
Buying Price around 174-175
Target of 200
Stoploss of 165 or as per your risk tolerance
Timeframe: 15-30 days
Please do your own analysis before making any decisions and also let me know if I missed something.
Let's learn together.
bullish on tata powertata power can be a multibagger in coming years with the help of the recent electricity amendment bill and privatization of power units the stock fundamental can grow exponentially and so will the share prices.
The current central government is trying to pass this bill soon and whereas another reason for the share price to grow is the EV vehicles . In India EV vehicle usage is goona go tremendously through which all the charging units in the country will be managed by TATAPOWER.
lookout at the fundamental potential and buy it!
TATA POWER: Nearing Triangle breakout with good technical.NSE:TATAPOWER
The stock trend is bullish with little pullback due to global sell off on 19-20th July, 2021.
Technicals looking good with symmetrical triangles forming with low volumes- Good sign for breakout.
RSI is moving into a demand zone.
Targets: 132, 142
SL: 116
Maybe considered for short plays.
Disclaimer: This is NOT an investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.