Tata
Tata Power Possible Breakout on Hourly Time frame!Tata Power has been consolidating in a tight range on the 60 min chart as well as the daily chart. It has been consolidating in a symmetrical triangle range . Buyers are seeming to be strong , so it may show a good up move in the coming days. Track this stock closely!
Tata Motors Positional Trade levelsNSE:TATAMOTORS
For Safe trader , TATAMOTORS looks bullish above 318 levels.
Once it break 318 and starts to trade above it, go long in TATAMOTORS with positional trade. Targets are marked with RED LINES on chart.
Prefer to short below 305 level. But can't see any opportunity in coming days to short TATAMOTORS.
Comment your suggestion or doubts.
All the best for trading in next week. Have a good weekend.
Symmetrical Triangle Pattern in TATAPOWER MUST WATCH Learning Triangle Pattern educational Purpose, An IDEA CAN LIGHT your BRAIN Tublelight
The triangle chart pattern is formed by drawing two converging trend lines as price temporarily moves in a sideways direction. Traders often look for a subsequent breakout, in the direction of the preceding trend, as a signal to enter a trade.
Learn Difference between Symmetrical Triangle Pattern and Other Triangle Pattern:
The difference between the symmetrical and the other triangle patterns is that the symmetrical triangle is a neutral pattern and does not advice in any direction. While the triangle itself is neutral, it still favors the direction of the existing trend and traders look for breakouts in the direction of the trend.
Symmetrical triangle trading strategy
Triangles provide an effective measuring technique for trading the breakout, and this technique can be adapted and applied to the other variations as well.
Its important to note that finding the perfect symmetrical triangle is extremely rare and that traders should not be too hasty to invalidate imperfect patterns. Traders ought to understand that triangle analysis is less about finding the perfect pattern and more about understanding what the market is communicating, through price action.
TRADING WITH TRIANGLE PATTERNS: KEY THINGS TO REMEMBER
Always be remember of the direction of the trend prior to the consolidation period.
Make use of upper and lower trendlines to help to identify which triangle pattern is being formed.
Use the measuring technique to decide achievable target levels
Stick to sound risk management practices to mitigate the risk of a false breakout and ensure a positive risk to reward ratio is maintained on all trades.
mcpriceaction
# 91 TOOFAN READY TO RAGE#91(GENIE IDEAS): HOLD WITH PATIENCE. I will daily post intraday/swing/positional trading opportunities so u can analyse and get the most from it. if you like my analysis do like and follow me as a token of appreciation. And if you have any queries let me know.
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Tata chemicals is taking a pull back after a breakoutTata chemicals had a bullish pennant pattern. Trend lines of pennants eventually converge forming a triangle. Breaking-out the upper trend-line and it took a pullback to the key resistance which became the support zone now. IF IT BOUNCES BACK FROM THIS SUPPORT ZONE, then it can be considered for a swing trade, keeping the stop loss below this zone. Aim the next important levels which I have marked with horizontal lines.
PS: The current market sentiments (global and domestic) is a bit bearish because of the delta variant. So be cautious. Trade wisely.
PPS: I am not a SEBI registered advisor. Enter in trades after reaching out to your advisors or at your own risk.
#88 TATA POWER WILL BECOME POWERSTAR#88 (GENIE IDEAS): I will daily post intraday/swing/positional trading opportunities so u can analyse and get the most from it. if you like my analysis do like and follow me as a token of appreciation. And if you have any queries let me know.
Leave a comment that is helpful or encouraging.
TATA MOTORS (DAY)My thoughts on this particular are, This is about to burst because at the resistance the trendline is already tested 4 times and concerning to the support the stock isn't moving below the Breakout line which would be the support line too, resulting in respecting it.
My Target - 357
This is only for Educational Purpose, I myself am a learner
This post contains my thoughts to particular (TATAMOTORS) and will be no responsible for any kind of losses.
TATA STEEL TO STEAL THE SHOW 🔩🔩Take trade as per the values given in Fibonacci. always trail the stop loss. do your own analysis before taking trade
Check these Upcoming ideas - STILL ACTIVE
Check these successful trades & approach on BAJAJ FINSV , DABUR , TATACHEM , VOLTAS, BAJAJ AUTO , WIPRO , DR REDDY , CUMMINS , HDFC , M&M
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⚡TATA POWER⚡ Ready for Blast 🔌 ?Take trade as per the values given in Fibonacci. always trail the stop loss. do your own analysis before taking trade
Check these Upcoming ideas - STILL ACTIVE
Check these successful trades & approach on BAJAJ FINSV , DABUR , TATACHEM , VOLTAS, BAJAJ AUTO , WIPRO , DR REDDY , CUMMINS , HDFC, M&M
If you like my analysis do like & follow me as a token of appreciation. If you have any queries on any stock let me know.
Leave a comment that is helpful or encouraging. Let's master the markets together
TATA CHEM 🧪👨🔬⚗️🔬Heikin ashi trading strategy is used in Daily candles for short, expected to reach lower chord
Take trade as per the values given in Fibonacci. always trail the stop loss. do your own analysis before taking trade
Check these Upcoming ideas - STILL ACTIVE
Check these successful trades & approach on HDFC , HINDUNILEVER, INFOSYS , MOTHERSUMI , DLF , BRITANNIA
If you like my analysis do like & follow me as a token of appreciation. If you have any queries on any stock let me know.
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🆒 VOLTAS 🆒
Take trade as per the values given in Fibonacci. always trail the stop loss. do your own analysis before taking trade
Check these Upcoming ideas - STILL ACTIVE
Check these successful trades & approach on HDFC , HINDUNILEVER, INFOSYS , MOTHERSUMI , DLF , BRITANNIA
If you like my analysis do like & follow me as a token of appreciation. If you have any queries on any stock let me know.
Leave a comment that is helpful or encouraging. Let's master the markets together