SELL TATAPOWER AT TOPTata Power got rejection and formed a resistance zone @ 330 - 340. Until it sustains above 350, the stock will remain weak and we are looking forward to see downward targets.
Take sell trade between 340 - 330 with the SL of 365, Targets for downside will be 285 and 260.
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TATA POWER TREND NOWTREND -POSITIVE
PRESENT ZONE-
Inbetween supply and demand zone.
FORECAST -As per ZONE
if breaks below damand zone 1 will target 298.If not will target ATH with some difficulty.
MY TAKE-
Must cross ATH for further rally.
(Note-only make entry at DEMAND ZONE's & Exit at SUPPLY ZONE's for BETTER RISK REWARD)
IF FOUND USEFUL KINDLY CLICK BOOST ICON
Tata Power - Looking good for breakout!The stock in long term consolidation phase but set up look positive for near term breakout.
Weekly Chart- The price consolidating in channel since Oct’21 and pole & flag pattern clearly visible in chart. The flag breakout will generate a significate return on long term basis, approx.to pole distance i.e., 55%.
Daily Chart – The breakout with bullish candle & volume and 20 ema continuously supporting the price at lower level.
Thanks
-AJ
Disclaimer: The information and publications are not meant to be, and do not constitute, financial, investment, trading or any other types of advice or recommendations.
Tata Power Stock Analysis (Oct '21 - Nov '23)Consolidation Phase: Traded in a range from Oct '21 to Nov '23.
Recent Rally: Notable 17% rally in a week, reaching a high of 335.95.
EMA Support: 20, 50, 100, 200 EMAs below price, acting as support.
RSI Overbought: RSI at 77.92, signaling an overbought condition.
Strategy: Recommend buying on dips, particularly below 300 levels.
Disclaimer: Trading involves risk. Information provided for educational purposes; perform own research.
TATA POWER AT RESISTANCEcmp 264
major resistance at 273 / 298
can test 250 / 240
CBSL 305
above that fresh breakout
Regards...
Keshav...
15/09/2023
Disclaimer. I am not a SEBI registered advisor. All views shared on this channel and group are my personal opinions shared for educational purposes .. Good Luck 😉
TATA POWER LTDAs Technical Analysis stock consolidating strongly at the current price but guys as I shown the stock price path it go 6-7% down after made fresh high and than go 10-15% upside from the dip. Company is working in Green energy sector and having strong fundamentals.
So Guys according to me it is perfect time to enter new entry for short and long term basis but its my views not any tip or recommendation.
DISCLAIMER - IT'S MY STUDY PONTS NOT ANY RECOMMENDATION. THIS IS ONLY FOR STUDY PURPOSE.