Search in ideas for "TATA POWER"
A Kind of peanut Pattern in tata powerIF tata power gives breakout any time (Expected time is 16 july)
My expected targets are given in the chart for breakout and breakdown
I am 15 years old and give me suggestion if some corrections to be done
as I am learning stock markets
(This analysis is purely for educational Means
and please make your own research too before investing )
happy trading
May be We can Short sell Tata Power if May be we can Short SELL Tata Power in Tomorrow's Market if it crosses the level of Rs.138.75
if it crosses Level of Rs.138.75
then the
1st Target Price :- 137.30
2nd Target Price:- 136.40
this is not a trading call
i am beginner trader just sharing my thoughts
if i am wrong in this Technical Analysis then please tell me whats wrong in this.......
Thank You in Advance
Proof to go long on Tata PowerAfter reversal of trend from 89.70 on 12 April 2021, Tata power has shown a consistent rise in its stock price. Applying Fibonacci retracement on this trend, strong support is formed at 120.70 (0.786 mark on fibonacci retracement). As per the current trend line, the stock prices should continue to follow this trend at least till 15th Nov 2021, which is the day of earnings being released, until a target of 145.35. Even after that, the stock prices could continue to rise till 162.65 by the early months of 2022, before we experience any trend reversals.
Flag Pattern Retest in TATA PowerHi guys, as you can see TATA Power has made a bullish flag pattern and had already given a breakout. Now it has come to retest the trend line. I think it's a good time to enter the trade.
Disclaimer: Please don't get into the trade , do your own due diligence, it's just an idea that i am trying to give.
Multi Year Breakout in Tata Power After 2018 Tata Power has given a good breakout and pulled back to it's support and continued it's upside direction.
Even after a good Upside move it broke out of the 56-58 zone but this breakout turned out to be failure.
After being stuck in a Good 70 Day Range, It has broken out of that range with a good volumes and again pulled back to the support with volumes on the lower side.
70 Day Range = 50-57
CMP = 58.1
Entry can be taken here at 58 with an SL at 50-50.2.
I will post the Weekly chart in the update below for better clarity.