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TATAPOWER

Tata Power (Long)Tata Power (Weekly): 1. Formation of Penant on bigger time frame 2. Consolidating at 38.2 levels 3. Taking Support at 5 Weeks Exponential Moving Average 4. Inside Candle Breakout Tata Power (Daily): 1. Positive Crossover of 5,13 Days EMA 2. Pennant Formation Addl Points: 1. FII/FPI have decreased holdings from 11.06% to 10.84% in Dec 2021 qtr 2. Mutual Funds have decreased holdings from 8.30% to 4.48% in Dec 2021 qtr Note: The above analysis is for educational purpose.
NSE:TATAPOWERLong
by deeptinseth
6
Simple Trade Setup | TATAPOWER | 24-03-2022 [INTRADAY]NSE:TATAPOWER Observations: 1) On 1day time frame, it has formed kind of double bottom / W pattern. Major breakout level is 235. Please refer below chart : 1day Time Frame. ------------------------------------- Trade Setup for 24-03-2022 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.
NSE:TATAPOWER
by Trading_hawk
1
TATA POWER - Important support/resistance levelsKey highlights: - Marked out a few important horizontal S/R levels in order to give a better idea to the new learners. - Do not trade in between the levels, always trade level-to-level. - Being consolidating for the last 5 months. - The parallel channel has a width of about 50 points. - Using the measurement objective, the upside breakout target of the parallel channel lies somewhere near 305. - The price is well above 200 MA cluster, hence the bias is positive. Disclaimer : This is NOT investment advice. This post is meant for learning purposes only. Invest your capital at your own risk. Happy learning. Cheers! Rajat Kumar Singh (@johntradingwick) Community Manager (India), TradingView
NSE:TATAPOWERLong
by johntradingwick