Tata power is ready to give breakout of ATH. Stock has bounced from trendline support and might continue the bull run in coming weeks.
However, since market is overstretched, keep booking profits quickly.
Keep in watchlist. Not a recommendation
Weekly Analysis
Two Small Support area shown on chart. If correction happened in stock then we can buy near these levels.
Time period for Possible Targets can be upto a year.
A triangle Pattern is available. Stock is in consolidation from few weeks. Price is at good level to buy.
CMP : 180
Stoploss : 160 Rs
First Target : 210
Second Target : 225
Third Target : 250
expected time for target -- 2-3 months
Analysis Given on 20th November (Monday)
TALBRO (1W TF)
Pattern: RECTANGLE BOX BREAKOUT
- Resistance Breakout - Done
- Consolidation - In Progress
Long Targets - As marked
Short Target - As marked
#stocks #swingtrade #priceaction
AUROBINDO PHARMA LTD
Key highlights: 💡
✅On 1 Day Time Frame Stock Showing Reversal of Ascending Triangle Pattern.
✅ It can give movement upto the Reversal final target of below 818-.
✅There have chances of breakdown of Support level too.
✅ After breakdown of Support level this stock can gives strong downside rally upto below 740-.
Here's an exciting trade prospect in MMTC. A clear rounding bottom formation is evident on daily and weekly charts. The recent surge above the robust resistance at 42.05, coupled with substantial volumes, marks a notable breakthrough.
Anticipate a possible retest after breakouts, keeping a close watch on closing prices. The setup remains valid as long as MMTC...
#swingtrading , #breakoutsignals
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A short-term trade can be initiated based solely on the hourly trendline. This approach offers a trade opportunity with a risk-reward ratio of approximately 2. (Though the potential upside seems considerable, it's wise to consider 2 as a minimum expected ratio.) For this short trade, the stop loss can be determined by looking at the support trendline drawn in the...
In the world of stocks, interesting trends can often reveal exciting opportunities. One such intriguing situation is happening with Canara Bank's stock. There's an 11-year-old trendline that has been obeyed by the price six times in the past. And now, it appears that a breakthrough is occurring in this stock.
If we look at the monthly candle of July 3, 2023, we...
UPL currently finds itself within a crucial support range of 600-616, aligning with the 0.38 Fibonacci retracement level. An additional support layer emerges in the 512-529 range, coinciding with the 0.5 Fibonacci level – a zone that could potentially serve as a logical stop-loss point.
Post a bullish rally that spanned from March 23, 2020, to June 7, 2021, the...
BAJAJ FINANCE LTD
Key highlights: 💡⚡️
✅On 1Hour Time Frame Stock Showing Breakout of Double Bottom Pattern .
✅ Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 7740+.
✅Can Go Long in this stock by placing a stop loss below 7490-.
CANFIN HOMES
Key highlights: 💡⚡
✅On 1 Hour Time Frame Stock Showing Breakout of Bullish flag Pattern .
✅ Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 855+.
✅Can Go short in this stock by placing a stop loss below 772-.
