Tata
Simple Trade Setup | TATAPOWER | 22-11-2021 [ INTRADAY]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 frame, we can see it gave breakdown of the trendline with bearish candle.
If it bounce back and take resistance from this trendline then it will be confirmation of bearish trend.
Please refer below chart : 1 day Time Frame.
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Trade Setup for Date: 22-11-2021
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
TATAPOWER Analysis 18/11/21; S&RTata 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 support level, then a further upmove is expected. Levels can be seen from the colourful fibonacci extension charts. Stock has already seen a resistance in this zone, early this morning. You can go long here for targets till 250 and further to 270+ (Its ATH).
Even if stock remains in this channel, we can for sure look for an high till stock touches upper band in this channel.
** I am not SEBI Registered advisor. Kindly consult before taking trade. **
Simple Trade Setup | TATAMOTORS | 15-11-2021 [ INTRADAY]NSE:TATAMOTORS
Most of the trade levels and setup remains same.
Trade Setup for Date: 15-11-2021
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Simple Trade Setup | TATAPOWER | 15-11-2021 [ INTRADAY]NSE:TATAPOWER
Observations:
1) On Daily time frame, it has been trading above 10DMA. 10DMA is placed at 231.89 level.
Immediate critical support range is 230-235 level range. Breakout level is 250 level.
Please refer below chart : 1 day Time Frame.
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Trade Setup for Date: 15-11-2021
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
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Simple Trade Setup | TATAMOTORS | 12-11-2021 [ INTRADAY]NSE:TATAMOTORS
Trade Setup for Date 12-11-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Tata Power Fibonacci Retracement SupportOn the 1H chart, we draw Fibonacci taking swing highs and swing lows. It's clearly visible that TaPo takes support at 0.236 retracements. If it sustains and respects these support levels, a further upmove to the levels where it faced resistance (i.e. the recent high tested yesterday 10/11/21).
TATA STEEL BSL LTD SWING GO FOR A LONGTata steel bsl is in flag and pole pattern in 1 week time frame. its now trading at price 88 INR but in upcoming 60 days it will touch 130+.
It could be a very good swing trade.
TATA MOTORS Consolidation TATA MOTORS after seeing a huge breakout from 350 levels has been consolidating between 480-510 for almost a month. The good news is that the stock has taken strong support and shown resilience at 475 levels any price below 475 is a buy zone as the stock has recovered quickly after dropping below 475.
Upside and Downside both capped. Until we see a strong closing above 515-520 levels we can expect further consolidation.
Intraday Idea for Tata Power ;15 min; Consolidation after upmoveObserving 15 min charts of 9/11/21 gives a solid breakout from 233-35 levels. With big volumes, the stock is now consolidating in 15 minute charts. The chart structure stands strong, and hence a further upmove is assured. SL at 235.
*Not a SEBI Registered Advisor. Kindly take advices from your financial consultant before taking trade*
Simple Trade Setup | TATAMOTORS | 09-11-2021 [ INTRADAY]NSE:TATAMOTORS
Observations:
1) On daily time frame, we can see it took support from 10DMA and sustain above it.
10DMA is placed at 490.08 level.
Please refer below chart : 1 day Time Frame.
2) On 1hr time frame, we can see that it gave breakout of the trandeline and managed to get support from the base of 470-480 level range. If this breakout sustain then we can see upward move again.
Please refer below chart : 1hr Time Frame.
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Trade Setup for Date 09-11-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
TATA CHEMICAL SWINGAlready 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 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!