TATASTEEL Bullish Swing SetupTATASTEEL gave Double Bottom Neckline breakout and retest and now looks good for an upward move. One can look for fresh entries for a swing position.
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Tata Motors: Road Blocks ahead & strategy to deal with itTata Motors
Observations
- in my previous post, we highlighted the 280-285 zone to act as Support
and that is precisely from where we see Tata Motors bouncing back. Isn't it?
Levels identified in study on 07 July, works to perfection on 28 July 2021
- Going forward 306 / 316 / 322 may act as potential resistance zone
- on the lower side if 280-285 zone is taken out we may see potential doors opening for further fall up to 260 odd levels
Given the set up, one may consider selling Tata Motors 26 Aug expiry
330 Call Option between 3.5 - 5 (currently trading at 3.9)
At current price max profit potential Rs 11115/- per lot
More importantly, the strategy covers risk for a rise in price up to 333.90 till expiry day.
Take care & safe trading...!!!
Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
TATA POWER breaking out from a symmetrical triangleTATA power is breaking out from a symmetrical triangle.
What is the trend prior to the formation? UPTREND.
What is the predicted trend after the symmetrical triangle? UPTREND (going by theory of a symmetric triangle)
Is the symmetrical triangle confirmed? Yes, consolidated volumes.
What is the idea? Go long on tata power. Super formations.
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NSE:TATAPOWER
TATAchem double correction for more than 6 monthsTatachem was in double correction for more than 6 months
done w-x-y corrective move
Now need to break above 1113 level (resistance trendline)
for resuming uptrend..
more upside if breaks 1162
MACD +ve crossover
Disclaimer : I AM NOT SEBI REGISTERED. Post is only educational purpose of elliott wave analysis.
TATACHEM: Near Breakout, on the way to cross ATH.TATACHEM
The parallel channels drew in the chart:
PC-A = PC- B
PC-C = PC-D
All of the four PCs are exactly of SAME width
#WondersOfPC
At point R, levels of 1180, candles respected the resistance of ATH, and came down towards 1030.
There, the candles got strong Support of point S which is the midline of PC-C, and bounce back towards the levels of point R again.
Now today we are at the same levels of point R, conforming the BO of PC-C.
With this strength, we have a strong view that the candles will cross over the Resistance of ATH, and we'll enter new zone
Good time to enter at CMP, we may face some consolidation between 1180-1195, this levels also have resistance of midline of PC-D
for swing trade,
CB SL will be 1124
Near term target 1260
If view goes wrong, we will have better opportunity to pick more for LT portfolio at 1125, and at every dips.
And overall market holds strong from here, we can see stronger Breakout of PC-D
TATA POWER may blast above 240 to 260.Tata Power analysis -
1. Major Support - 200.
Major Resistance - 265 zone.
2. Past trend - Up, strong selling from 267.
3. Current momentum - Every time since 21st
October faced selling from 235 and made lower low but on 3rd November failed to continue lower. We may have change in structure if it sustains above 235.
4. Overall market - Correction going on, but on up move day is all what is needed for Tatapower to test 260.
Conclusion -
Usual path should be going down to 200 but no high probability trade in that.
High probability setup will form if TATAPOWER sustains above 237, we can have a big trending day to test 260.
Look for below setup in 3 minute timeframe to buy - weak pullback after breakout of 237/240.
Tata Power Possible Breakout on Hourly Time frame!Tata Power has been consolidating in a tight range on the 60 min chart as well as the daily chart. It has been consolidating in a symmetrical triangle range . Buyers are seeming to be strong , so it may show a good up move in the coming days. Track this stock closely!
TATA STEEL BSL is making a bullish like flag pattern.TATASTLBSL is forming a bullish type flag pattern , Traders should keep their eyes on it. Great chance to have some bullish move.
#TATACOMM looks to be a eligible counter for breakout above 1350#TATACOMM #TATA COMMUNICATIONS looks to be a eligible counter for breakout above 1350
The weekly charts are showing nice pullback to previous made high of about 1350 levels after a retest spread over 10 weeks
On the daily charts a cup and handle formation is visible which is also supporting the analysis of an upmove
The volume support has been steady/increasing in the recent past
Note : This article is for education and research purpose only , Please consult your financial advisor before taking any investment decisions