Search in ideas for "TATA"
Tata Power: Nice Short-term OpportunityThere are times when one should tweak their trade expectations and look for trades that will last for a shorter duration. Tata Power has been in an uptrend for a while and after a nice correction, price has formed a strong green WRB yesterday. If the uptrend resumes, the next resistance / target would be the medianline of the magenta fork, followed by the upper parallel of the red trend channel.
Am looking to buy this stock. Plan your trade and position-size judiciously.
Tata Steel Breaking Out Trending Channel Tata Steel ranging and trading in a uptrending channel as marked with Purple on chart. I believe today's closing shall determine further movement of price action in it. If the price action closes above 406 levels then we might see further rally as buyers confirmed strength and pressure and shall take prices further up. In case it closes below 404 levels then we might see profit taking next day that might take down the price litte lower before a solid breakout on either side.
I believe it shall break above the trending channel as CNX Metal also looks bullish.
Tata Motors : Elliot Wave 4 completion & Wave 5 startWave 4 is well within 50% Fibs of wave 3 but a gap up open may spoil the plan, but if we get proper open in our zone and valid confirmation, we can enter short positions towards 490's. Tatamotors chart almost looks similar to our Nifty.
Happy Trading !