Search in ideas for "TATA POWER"
TATA POWER Consolidating in Falling Wedge 1WTATA POWER has formed a Falling Wedge Pattern(Bullish) and consolidating in it since 1yr...
The stock is 31.29% away from its 52Week High
Entry can be taken at CMP of ₹204 with SL of ₹190
Targets will be ₹240 - ₹270 - ₹370 - ₹ 400
Disclaimer :
I am not a SEBI registered Analyst so please do your own Analysis before taking any action.
The above view is shared just for educational purpose.
By no means shall be responsible for any losses amounting out of it incase if any trades on it.
It is just a view, please trade at your own risk.
Tata Power Bearish possibility Tata Power might fall till 159 which was high in dec 2007 which might now act as strong support.. if it breaks 159 then it migh touch 143 in coming days, can try to sell near 224-225 sl 228
Findings:
In weekly it might make H&S and make A=C, with rsi divergence
In daily time frame, in last leg it has rejected at 0.5% Fib level and also rejection from upper trend line and broke the lower trendline aswell
It might reset the trendline and continue down side..
This d just my view please make your own analysis and trade safe..
TATA Power #TATAPOWER #breakout #monthlybreakout#TATA power in consolidation phase
13 months of consolidation entry should be around 220-210 SL 191 (recent low)
long for monthly breakout target of 300, 600 and 1000
discloser i am not a SEBI registered analyst, this chart analysis is for education and purpose only.
please trade at your own risk.
Disc- not invested.