Huge potential is there.
For investment ;
trendline is now broken,
wait for small retracement daily candle to close above - "122"
if you are interested in investment, go for it with proper risk,
overall "TATA STEEL" fundamentally good stock.
Enter only if market Breaks
"Yellow box" mentioned.
Wait for proper reversal and conformation.
I am not holding
Disclaimer: This analysis is solely for educational purposes and does not make me a SEBI registered analyst.
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A bullish flag & pole Chart Pattern Breakout completed on the Daily Time frame of NSE:TATASTLLP
Price Action nees to be supported by volume.
The stock is currently in uptrend making higher highs and higher lows.
One can add this stock into their stocks to buy list and initiate the long trade as per the levels mentioned on the chart
Stop loss will be on a...
Tata Power long above 241 with SL 215 target 270-285-300 by year end
Fibb 1.618 level. Even long term it going 450 (fib extension 1) by next year and 600 (1.618) by 2025.
For educational purposes. In my holding, I might be biased.
Tata Power has formed reversed Head & Shoulder Pattern.
#Current Price - 234
#Expected Target - 275
#Resistance Based Targets
- Target 1 - 233.5
- Target 2 - 240
- Target 3 - 247.5
#Support/Stoploss - 219
Pattern is forming on daily chart.
This idea is only for education purpose, Please consult your financial advisor.
I am not SEBI...
Flag pattern preceding the parallel channel BO.
In the past as well it has flag pattern or pole like movement.
Please keep into consideration, Tatapower Always follow how TataMotor moves. I have already posted similar structure in tatamotor.
An integrated power company whose segments include power , coal etc . Stock is at mulple resistance zone. sudden movement is due to expectation of robust results . Will move to newer heihts within 3 months time . 15-25% movement can be expected
Good Buy in TATA POWER
Best buy : In the range of 205-210.
For the Targets of : 215/230/250/280 +++++
Stop Loss : 195
Reason to Buy :
1: Good Support form the Demand Zone of 200-205
2: Break out of Falling wedge pattern.
3: Good Risk to Reward Ratio.
This idea is only for the Educational purpose. Tarde at your own Risk.
If you like the idea...
BUY - TATA POWER CO LTD
CMP - Rs. 207
Target - 1: Rs. 270
Target - 2: Rs. 340
Technicals - Falling Wedge BO
This is just a view by an expert analyst, please invest at your own risk.
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NSE:TATAPOWER looks good and the sleeping giant might awaken now. Keep a stop loss at 210 but know that a clean breakout will only happen above 250. Above 250, one should definitely go long and keep 250 as stop loss (resistance becomes support).
Positional Cash Stock bought on the level mentioned on the chart. Recently I have been using FIB retrace for my Partial targets or if I have to add few more positions on retest. All I have is my moving average & supply/demand area using the average.