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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.
NSE:TATAPOWERLong
by champtrade111
2
Tata Power – Conditional Trade (Long 124/Short 86)Tata Power is currently trading under its 50 DMA after a sell off in Indian Markets this week. The fact that they have dropped their solar power deal with Petronas did not help the situation. Scenario #1: Short IF: Price breaks the overall bottom trendline (bold blue) with above average volumes. Target price can be set at ~86.40, with a stop loss at 94. Scenario #2: Long IF: 1)Price breaks above 96.35 with above average volumes 2)AND continues to break the 50 DMA 3)AND finally continues to break out of the parallel channel 4)One can add more after price breaks through 103, 108 & 115. Target Price can be set at ~124, with an initial Stop loss at 94 (can be adjust to trailing as necessary) Note – We should see the initial break outs within the next 20 days - Based on overall trend, we can assume Scenario #2 will prevail.
NSE:TATAPOWER
by Technical_TB
Tata Power - CMP 77.1. Tata Power- CMP 77.1. It has gone up to 88 and corrected from there. It took support at 74.2 which is 50EMA and also has multiple support points at this price on daily chart. Can be taken with a stop loss of 72 for a target of 82, 88 very soon. It is also in the business of execution of solar power projects and government may give some sops in upcoming budget. Then it may go up. This purely for educational purpose and any investment shall be done based on the advice of financial experts.
NSE:TATAPOWERLong
by avlnrao63
2