Tata Power - Bullish signalNSE:TATAPOWER has corrected nicely recently and presently at its support.
Stock has made a dogi at the bottom signaling its ready to change the trend and go bullish.
Buy TataPower above 78.65
Taget 80 / 81.5 / 85
Tata
Tata motors ready for booster driveTarget 384
stoploss 370
Stock is trading at good valuation, One can aim for 400+ target in september series
Safe Trade: One can sell Tatamotors 370 PE which is trading @6.35
Tata Motors trading nervyAs per fibonacci analysis,
Tata Motors is still trading in the green box which is a bullish signal.
It has consistently retraced from 0.5 fibonacci ratio.
Expect a strong upmove towards 460 levels where it will get a resistance from the confluence line .
Keep a strict stoploss of 425.
Any closing below 425 will take the stock further down by atleast 5%
Symmetric Triangle on Tata chemSymmetric Triangle formation on Tatachem and may break either side but currently seems like to break on downside. MACD also currently on below '0'. Anyway this pattern may break either side so trade only after break out happen.
Trade for Long:
Buy above - 626.50
Target 1 - 635.50
Target 2 - 644.00
Stop Loss - 613.50
Trade for Short:
Short below - 613.50
Target 1 - 603.50
Target 2 - 595.00
Stop Loss - 626.50
Note : Don't enter into trade until the pattern get the breakout.
TataSteel : My Favorite MisFire & I love it :)Most of My New followers won't be knowing My tryst with TataSteel, every time I post a trade setup on Tatasteel it fails, No matter what it will fail. Always misfires... & It will remain as Favorite Misfire, No matter what, Not gonna hate it :)
Here I honestly seek your opinion on Tatasteel whether this will happen or not, can you guys throw some light on that ?
TATAELXSI - BREAKOUT OF RISING WEDGE It is been observed on the daily chart that the price action is breaking out from a rising wedge indicating a further bearishness and weakness ahead.
Target 1: 1500
Target 2: 1480
Stoploss: 1560
TATA MOTORS LONG - (BUY).Stock price is Trading at long term support of 200 WMA placed around 430.
Stochastic and RSI are Plotted around the oversold zone on the weekly charts
Weekly ADX indicator has turned bullish
One can buy the stock between CMP and 430, for a target of 520, and place stop loss at 420 on closing basis.
Tata Invest: Breakout and Channeling UpIt is been observed on the daily chart that the price action is breaking out from a consolidation indicating a bullish move ahead. It is also observed that the price action is trending up in a channel, indicating upmove ahead.
Target 1: 670
Target 2: 690
Stoploss: 620
Long Tata Communication 2 days Target 740 from 715Tata Communications looks like double bottom on shorter time frames
So target may go to 20 Rs upside i.e 5 % gain risk is less than 1 %
Longs Initiated @ 2407, Reversal too confirmStrategy: Buy @ 2407 and add more for 2600+ target
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TCS 0.25% was on uptrend and correcting it's uptrend after hitting 2700 resistance zone . Correction was on running flat correction which was supposed to be completed below 2100 levels. Post 2100 support reach, script was able to jump and tested 2550, We are calling it's five wave impulse move in nested manner. 2407 can provide good support level here to go long.
Tata Steel...Heading towards new horizons...TataSteel, one of the largest metal company of India, was in a steep downtrend since almost a decade. It hits high of 1048 in October 2007 and then we saw lots of ups and down in the counter. It hit another high of 579.90 in June 2014 and again it went down to touch the bottom of 199.70. Th counter started fresh upward movement in September 2015 after making a double bottom on daily charts. We identified the counter at around 220 and confirmed the upward movement. The immediate buy call was given and the call still continue, rather further strengthened with the strong and affirmative breakout of long term trend line on monthly charts in last month.
The up trend is confirmed and the stock started northward journey to achieve new horizons. We hope for the targets of 600 in six month to 1 year horizon. So, investors are advised to long the stock in cash segment and tighten the belts for a wonderful joy ride...
Even after achieving targets of 600, the counter can be followed for new highs in current upward movement with dynamic SL.
Enjoy trading
Trend is Friend...
TATA COMMUNICATIONS "D" Level done. Price action (Bearish engulfing & Doji at 770/760 levels) suggests bull rally may be over. Seems short below 727 ( 1.414 Extension of Fibo) for the target of 695/625 with the stop loss 757. Time frame 12 to 16 days.
Breakout on TATA SteelBreakout on TATA Steel
Trade:
Buy above - 473
Target 1 - 475.50
Target 2 - 477.50
Stop loss - 469
Tata Coffee - BreakoutNSE:TATACOFFEE has given a 50 SMA breakout with huge volume. The stock should be in action in the coming days.
Trade ideas are welcomed by fellow traders.
TATA CHEM
Tata Chemicals gave good run nor in resistance zone.
The information is for educational purposes only and does not constitute an offer to sell now a solicitation of an offer to buy any security which may be referenced by me. The information provided through my charts is for personal, non-commercial, educational use and display.
TATA STEELThe information is for educational purposes only and does not constitute an offer to sell nor a solicitation of an offer to buy any security which may be referenced by me. The information provided through my charts are for personal, non-commercial, educational use and display.
TATASTEEL divergence and resistance testingTATASTEEL has tested resistance.
Divergence in RSI
Both stochastic's in overbought zone, and are exhibiting divergence.
Do you think this is a short?
Let me know.
TATAPOWER Double top formation.TATA Power has exhibited a double top formation, more negativity expected as it failed to breach resistance.
Tata Steel Bullish PatternHead and shoulders type pattern on 15 min tata steel chart after nice bull rally
buy above - 451.35
stoploss - 443
target - 474+
Ascending Triangle on TATA Motors - LONGAscending Triangle on TATA Motors and will break the top line of the triangle. Indicators like RSI, MACD & Stochastic are showing bullish sign.
Trade:
Buy above - 483
Target 1 - 499
Target 2 - 516
Stop Loss - 467
Reward Points - 33
Risk Points - 16
"Happy Trading"
