Search in ideas for "TATA"
Tata Power BreakoutTata Power 1D
260 - 240
Value Buying
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Tatasteel is a sellTata Steel is nearby hourly resistance area and trading below average for intraday trader they can go for short at 1265 for the target1 of 1245 and target2 is 1231 with the strict stoploss at 1291.
This study is only educational purpose, Traders trade at your own risk.
Conclusion:
The sell recomentation is only for the intraday trades.
Thankyou
Tata Power: At crucial resistance levels & trading strategyTata Power
- The stock is at crucial trendline resistance
- 216 is an important support level which if broken would lead to further fall
On the upside 230-236 odd levels has the potential to act as resistance
Given the set up, one may consider a Bear Call spread strategy.
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 company LimitedTata Power is in Upward Trend. Formed a hammer over 20 EMA. Taking probable support. RSI also crossed Sweet 60.
Time to enter a long trade.
Please note idea is for Educational Purposes only.
Any losses you make are entirely your own.
The author is not responsible for any such losses.
Tata Steel price looks weakTata Steel price looks weak
Reasons/Traits :
• Forming bullish Gartley harmonic pattern
• Retested point B of Harmonic pattern
• Pricing making lower lows
• Price retraced and from 0.618 fib levels and got rejected at 50 EMA and heading back to 0.618 level
• Breaking 0.618 level can further see a price decline
• RSI strength is reducing and is below 50
What can happen next :
Scenario 1 : Price sustaining 0.618/0.5 levels can help price bounce back to meet 50 EMA (red line)
Scenario 2 : Price break down of 0.618 levels can take it down to touch 200 EMA (black line) or 1050 level and complete Gartley harmonic pattern and retrace back to point B (1300)
Disclaimer : This analysis is only for educational purpose and not be considered as any trading idea/tip. Please consult your financial advisor before you take any trade and we are no way responsible for your profits/losses. Thank you!