Tata
TATA COMMUNICATIONS LTD - Long Term + Cup & Handle Breakout Soon📊 Script: TATACOMM (TATA COMMUNICATIONS LIMITED)
📊 Nifty50 Stock: NO
📊 Sectoral Index: NIFTY 500 / NIFTY MID CAP
📊 Sector: Telecommunication
📊 Industry: Telecom - Infrastructure
Key highlights: 💡⚡
📈 Script is about to give cup & handle breakout, technically script is looking good for long term investment.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 1258.95
🟢 Target 🎯🏆 - 1400
⚠️ Stoploss ☠️🚫 - TRAILING
⚠️ Important: Always maintain your Risk & Reward Ratio.
⚠️ Purely technical based pick.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat🔁
Happy learning with trading. Cheers!🥂
Why TATAPOWER ?Hi everyone!
Let us discuss TATAPOWER in this thread.
TATAPOWER has given fabulous 750% movement b/w May'20 and Oct'22 and since then it is in consolidation. Below I have mentioned my reason why I think it is a good time to consider this stock.
1. Price Action :
:- Stock is testing its 2 year long trendline(pl. refer chart).
:- In weekly chart last four candles have formed higher lows, which if formed near support generally signals strength.
:- Triangle pattern breakout in Daily chart.
2. RSI : Monthly RSI is near 60 at same time weekly RSI is testing 40 whenever price is moving near trendline.
3. Good Risk to Reward : Since stock is near its trendline so the SL will be only 6-7% which means we can expect a RR of 8 to 10.
After all these positive points there is also one point which will be of slight hindrance and it is that, Stock is trading below its 200 moving average(in daily), and once it crosses past that we can expect some good momentum in this stock.
Do you agree with all this?
Pl mention if you have any point in addition or against above points.
THANKS!
TATA Chemicals Ltd - Multiple Indicators 📊 Script: TATACHEM (TATA CHEMICALS LIMITED)
📊 Nifty50 Stock: NO
📊 Sectoral Index: NIFTY 500 / NIFTY MIDCAP
📊 Sector: Commodities Chemicals
📊 Industry: Chemicals & Petrochemicals
Key highlights: 💡⚡
📈 Script is trading at upper band of Bollinger Bands (BB).
📈 MACD is giving crossover.
📈 Double Moving Averages may give crossover in next trading session.
📈 Volume is increasing along with price which is volume breakout.
📈 Current RSI is around 65.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 1200
🟢 Target 🎯🏆 - 1317
⚠️ Stoploss ☠️🚫 - 1136
⚠️ Important: Always maintain your Risk & Reward Ratio.
⚠️ Purely technical based pick.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat🔁
Happy learning with trading. Cheers!🥂
Tata Steel - Short, Negative Crossover on weekly chartTata Steel first gave a weekly breakdown and then again established a weekly close below 100 after retest of breakdown level.
It is in a downtrend which will get negated if stock price establish a weekly close above 106 and then above 115 to start the fresh uptrend.
Until then, it is in downtrend and may slide till 82 and 75.
Good short opportunity in Tata Motors
Tata Motors has formed a parallel rising channel in which the stock has fallen from the top resistance. In addition to this, the stock today (16/09/2022) broke its 200D EMA and is ready for another 6/7% fall according to the setup & support of the rising channel.
One can short at:
CMP - ₹425
Target - ₹ 410 / 400 / 390
SL - ₹ 445( closing basis )
NSE:TATAMOTORS
Tata Power Quick ProfitTATA power has given a chance again for missed traders by pulling back to the resistance zone on very Low Volume showing the stock was not under
heavy selfish pressure. It has also made a pullback to its trednline giving a superb entry price with a quick profit at
256.10
Tight Stop loss at 234.40
Keep It Simple
TATA CONSUMER PRODUCTS broke triangle patternNSE:TATACONSUM a less known company with well known products like TATA salt, TATA tea, Tetley green tea and Starbucks and much more, have finally broken out of its triangle consolidation after 6 failed attempts in the past one year.
Fundamentally & financially strong with consistent group in revenue & profits, low dept to assets ratio, consistent dividend yield, reasonable PE ratio, consistent FII holding, increasing market share seems like a good scrip to have in our portfolio.
Price wise current price 837.45 is just 5.8% below its all time high of 889, hence this might be a costly entry and the breakout is not with very high momentum. Also the DIIs consistently reducing their state from March 2021.
However, from its pros perspective, even in short term if this scrip corrects a bit, averaging out will not be a bad option, as in long term it seems to be healthy.
Entry : 820 to 840
Target : Trailing stop loss with partial profits booking method at every 5% up movement
Exit : SL1 800 (resistance break), SL2 780 (support break), long term holders can average instead of exit
Key note : Always follow proper risk management to avoid losing capital from false breakouts as this is common.
Caution : This is a knowledge sharing analysis, not a call.