Tata power is making a flag pattern and if it breaks the level of 252.20 the, it will give a big breakout in upcoming days.
This is the best time to enter into this stock wait for the green candle for the next week and buy TATAPOWER .
FYI: THIS IS JUST MY ANALYSIS, do your own research before investing in it.
TATA MOTORS have support level at 428 and a similarity i find in the monthly chart is on Nov 2016 the stock went down and by December 2016 it had taken the support at 428 level and made high of 486 level. So is it a repeatation for December 2021? NEED TO WATCH OUT. However one can see a fresh buying opportunity only after full correction completed.
TATA POWER had moved up to its consolidation zone between 240 -250 level and from here break out the stock will move up 275 -300 level.Happy trading to all.
Tata Motors as per daily chart analysis today it had formed an inside bar candle and the market on the expiry day did well and the momentum should continue tomorrow. The stock is expected to move up.And once it breaks 525 level expected target 550-600.
Tata Power is building support at current levels of 236-237.
At point 1, we can see a STRONG SUPPORT LEVEL (Trendline support in parallel channel as well as Fibonacci Retracement 0.236 support level.)
As we have already seen previously, TATA POWER has taken support and bounced back from these levels a few days back.
If the stock sustains and respects this strong...
NSE:TATAPOWER
I am posting this as one of the follower on twitter requested.
Observations:
1) On 1day time frame, it is now back above 21DMA.
Major support is at 220 level.
And if it sustain above 21DMA then we can see upmove to continue.
21DMA is placed at 231.42 level range. Which will work as immediate support.
Today's volume was slightly lower...
NSE:TATAPOWER
Observations:
1) On 1day time frame, it is trading above 21DMA and 21DMA is immediate support.
Breakdown of it will make it bearish.
21DMA is placed at 231.04 level.
So we can say that 230-232 level range is immmediate support zone.
Please refer below chart : 1 day Time Frame.
2) On 1day time...
Their is a cup and handle kind of a pattern in TATA POWER and the share is above the demand zone. The stock can be bought at the current levels with a target of around 267 with a stoploss of 233.
The Risk to Reward ratio is about 1:4.48
Already in a very strong uptrend , pullback is completed now;
1. Back to it's old resistance , where it took good support. ( 880-890 ) levels.
2. Formed a good morning star at support.
Buy price : 925-930
Stop Loss : 875
Target 1143+
A great risk to reward ratio of above 4.
Disclaimer : This analysis/strategy is only for educational purpose and not be...
RALLIS INDIA as per daily chart pattern analysis has taken the trendline support and if it breaks then 255 is the next support level followed by 243 support level for the stock to reverse. However one can see a fresh buying opportunity only after full correction completed.
TATA POWER if it breaks the support line then it might fall upto 200 level which was the previous consolidation zone support level. However one can see a fresh buying opportunity only after full correction completed.
Tata Power as per Daily Chart Analysis may breakout tomorrow and might trade between 240 - 250 level and may consolidate for a while as per its previous pattern analysis. Already Holding the stock. Happy Trading to All.
Tata Motors as per the chart patten analysis is in brief consolidation and once the resistance 525 level is broken then target 550 is achievable. So far the stock had tried to break this level twice and there might be a third attempt and if it sustains above 525 level then its a consolidation break out or it might retrace and in the 4th attempt it can break. More...
NSE:TATAMOTORS
Observations:
1) On 1day time frame, yesterday it closed below 21DMA and today it faces resistance from 21DMA.
21DMA is now immediate resistance zone.
21DMA is placed at 498.50 level.
So level range 498-500 will work as resistance.
Please refer below chart : 1 day Time Frame.
IF it failed to...
![TATAPOWER: Simple Trade Setup | TATAPOWER | 24-11-2021 [ INTRADAY]](https://s3.tradingview.com/j/jBCFU3jg_mid.png "Simple Trade Setup | TATAPOWER | 24-11-2021 [ INTRADAY]")
![TATAPOWER: Simple Trade Setup | TATAPOWER | 22-11-2021 [ INTRADAY]](https://s3.tradingview.com/x/x3gFf0wG_mid.png "Simple Trade Setup | TATAPOWER | 22-11-2021 [ INTRADAY]")
![TATAMOTORS: Simple Trade Setup | TATAMOTOR |24-11-2021 [ INTRADAY]](https://s3.tradingview.com/q/qYlNAkQJ_mid.png "Simple Trade Setup | TATAMOTOR |24-11-2021 [ INTRADAY]")