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TATA POWER : DOUBLE BOTTOMNote:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns...
3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions...
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Keep an eye ladies and gentlemen. Cheers and Happy Trading
TATA POWER Intraday to Positional ViewNSE:TATAPOWER Levels already mentioned.. Good for Swing...
Appreciate our work by like, share and following..
Note:
1. Views are personal. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline not the big target...
3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns...
3. Views given here is not a tip rather it is for educational purpose... After market opens, the condition might change so learn to handle for different conditions..
4. To learn more about patterns, Psychology behind the trade and price action trading... contact us.. Thanks.
TATA POWER,SYMMETRICAL TRIANGLE & BULLISH FLAG PATTERN BREAKOUT!
One can start with simple patterns identification. on the 30min time frame. Symmetrical triangle has given upward bullish break out with good volume. Then stock faced the resistance at the level of 114 (highlighted with red line). Then stock formed flag pattern, then again stock has given bullish flag pattern breakout. then again stock faced the resistance at the level of 114. This is very strong resistance level. once it cross this level, this will work as very strong support level for this stock.
''PAPER TRDAE ONLY FOR LEARING PURPOSE''
CASH TRADE
BUY- 112-115
STOP- 110
TARGET- 120
MAR FUT TRADE
BUY- 113
STOP- 107
TARGET- 120
115 CALL OPTION
BUY- 4.85
STOP- 3
TARGET- 10
DISCLAIMER: THIS IS ONLY FOR THE EDUCATIONAL PURPOSE, KINDLY DO YOUR OWN ANALSIS BEFORE INITIATION OF ANY TRADE. NOTHING IN THIS ANALYSIS IS A RECOMMENDATION TO BUY OR SELL STOCKS OR FUTURES OR OPTIONS. CONSULT YOUR FINANCIAL ADVISOR PRIOR TO INVESTING IN STOCK MARKET.
KINDLY LEAVE YOUR LIKE AND COMMENTS.
THANK YOU.
HAPPY TRADING.
Tata Power Fibo + Demand Zone + Multi time FrameIn 15 mins stock is nearby its lower trendline, Currently closed to be undervalued as shown by the valuation band in 1st chart. Also standing on Demand zone .
In 2Hrs timeframe it has completed 78.60% retracement and also nearby 50 ema .
The Indicator Used:
PANEL 1:
1) Daily Lines Plots Daily 20 (BLACK) & 50 EMA (GREY), BLUE (200 DAILY EMA ) On Lower Time Frame Charts.
2) Valuation band
KEYS: Red Faded Cloud: Over Valuation.
Grey Faded Cloud: Proper Valuation.
Green Faded Cloud: Under Valuation.
PANEL 2:
1) TE-REKAB - Proprietary Indicator
KEYS:
PB: Pullback
Blue Candle: Selling Divergence
Yellow Candle: Buying Divergence
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The analysis is my POV, hope you got bucks in your pocket to consult a financial advisor before investing :P :)
HAPPY TRADING!!!
TATA POWER will be a good buy soonPlease follow the levels marked in the chart which is based on following observations :
1. Triangle pattern in a 2H chart.
2. RSI declining divergence on a Daily chart
3. Declining volume or buyers.
Initiate sell position only on down break-down with a good 7% move. Check for a retest on a 30Min or 1 Hour chart as well!
Aggressive traders can short now as I have with strict stop-loss. Risky trade !! opposite to trend.
~Can contact me at +91-9789598340 (whats-app only)