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TATA POWER trend line channel TATA Power has already achieved the adjusted target as per flag pattern, if we apply flag pattern as per book rules then 567 is the target which is yet to come.
TATA POWER is travelling in the channel drawn, as per that if it crosses current LTH of 464 then it can reach to 480-490 and then again make a down move towards the bottom line of the channel which can be 425-430.
As the election result date is also approaching so we can also see a channel breakout depending on result euphoria.
If it fails to cross 464 then it can make a down move towards channel bottom line with target of 416, until 497 is protected TATAP is in uptrend.
* It is not a trade advise but technical analysis shared based on my understanding of patterns and personal experiences, please take any trade at your own risk.
Tata Power 1st impulse after long consolidationTata Power has consolidated for about 18 months from top of Oct 2021 & we have seen clean 5 Wave rise from bottom now a pullback towards 205-200 would be good zone to long for long term & short term trades
Tata Power is in our investment pick & we have a long term target above 2000.
We are not SEBI Registered Advisors. This Chart is purely for training and educational purposes. We shall not be responsible for your profit or loss. Please confirm with your investment advisor.
TATA POWER BOOMTata Power gives a chance for a long trade
Tata Power consolidated on a very low volume on the 200EMA for almost a month and has finally broken out on above average volume and has broken past the 50EMA on a small volume spike giving a long trade.
A favourable risk to reward of 1:2 by taking a target at the resistance zone and a
stop loss under the 200EMA
Keep It Simple
Tata Power Quick ProfitTATA power has given a chance again for missed traders by pulling back to the resistance zone on very Low Volume showing the stock was not under
heavy selfish pressure. It has also made a pullback to its trednline giving a superb entry price with a quick profit at
256.10
Tight Stop loss at 234.40
Keep It Simple
Tata power monthly breakout Tata power monthly chart is making a pole and flag pattern.
Wait for the completion of pattern, and breakout.
Tata power has potential to give 100% returns
If it breakout.
This post is not any recommendations to buy any stock. I am just sharing my point of view if anyone wants to correct my analysis they are always welcome.
TATA POWER IS GOING TO GIVE A BREAKOUT IN NEXT WEEKTata power is making a flag pattern and if it breaks the level of 252.20 the, it will give a big breakout in upcoming days.
This is the best time to enter into this stock wait for the green candle for the next week and buy TATAPOWER .
FYI: THIS IS JUST MY ANALYSIS, do your own research before investing in it.
Tata Power may remain bearish Tata Power may remain bearish till 173 levels.
As per the trend, after a successful bull run, tata power may go into correction phase for sometimes and then it can resume its bull run back.
Disclaimer: I am not sebi registered and this chart should not be taken as recommendation of any kind. Pls take your financial advisor advice before investing.
TATA POWER Triangle patter breakout Tata power Shows good upmove after correction today and at closing triangle breakout pattern seen 15 min chart, at same time breakout line at good support line so both this indication are showing upmove continue to next target 235-250 in 2-3 trading session whereas today sgx nifty also sign positive opening tomorrow, long position build up from here till 18500-18600 for nifty.
this analysis purely on technical basis, advice to take your own call after study at own risk.
Tata Power- Buying pattern for big moveTata power following some pattern before moving upward.
Its taking support of 50 Moving average.
Tata Power after entering to RSI red zone enter in RSI green zone from below(Entering RSI red zone must for big move)
Stock cross above or touch 50 days Moving Average then it move up price RS-30+.
All three condition must be satisfied for big move.
This observation can be used for other stocks also.
Sharing personal observation do investment after consulting your financial advisor.
Please like & comment to motivate.
Happy investing :)