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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 Coffee Ltd (TACO)breakoutTata Coffee Ltd (TACO) break out
Tata cofee break out in weekly time. Yesterday High volume and momentum created
Buy above 245. Next target 248, 252,261
Time to go for long. Thank you.
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
Tata Motors gives entry @ Mera wala price - mentioned on 24 NovTata Motors
My Guru always says... 🙏🙏
- "Trade at Mera wala Price"
- or
- when Market comes and tells you "Ab toh mujhe Dekh le"
What he means to say is and what I learnt from him is
- identify your entry and exit levels before hand and trade when you see those levels come
or
- if you notice changes in the underlying conditions which tells you that things have changed for the good or worst, you need to reconsider...
These are basically laggard indicators giving you cues... like the stock price moving above or below Moving Averages, for example
Technical Analysis is not about being right or wrong. It is more about identifying your risk & reward levels and being ready with a Plan.
It requires patience but it can reward you well...
On 24th November, we had outlined a plan of action for Tata Motors
and that is to look for buying opportunities on dips towards 158-160
Tata Motors made a low of 156.70 and is now at 166
Need we say more...
Target for the current setup we are looking at 198 / 228 / 236 in the medium term
Pattern gets invalidated if goes below 135
You can check my love affair with Tata Motors in the links below and be amazed at the power of Technical Analysis...
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