TATAPOWER #StockMarket #StockIdeas #StocktoWatch #StockToBuyTATA POWER looks Fresh Breakout
TATA POWER now broken Descending Triangle Pattern & looks Uptrend started
252 looks good safe entry, its also Darwas box breakout
SL would be around 239-242
For target of 260/265 to 280 for long term.
If falls further upto 210-225 thn also need to add more as it will grow in future
Disclaimer: Ideas for learning Only.
TATAPOWER
Tata Power: Sector: Power - Generation & DistributionTata Power Company Ltd is India`s largest private sector power utility with an installed generation capacity of over 2785 MW. The company has emerged as a pioneer in the Indian power sector, with a track record of performance, customer care and sustained growth. Tata Power has a presence in all the segments of the power sector viz generation (thermal, hydro, solar, wind and liquid fuel), transmission and distribution.
CMP: 233.10
Target : 266
Breakout Trend line. and also has support on 200. complete Elite wave theory. Company plan to complete renewable source within 2024 itself to chances to profit more.
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Tatapower breakout buy @230Hi guys, I hope you all are doing well.
Tatapower has given a breakout of the upper resistive trendline and all together a breakout of the symmetrical triangle pattern which also looks to be a part of a bigger flag & pennant pattern.
Buy above - 230
Targets are mentioned in the chart above
The best part is that cnxenergy has recently given a breakout after a long period of consolidation from it's flag and pole pattern.
CNXENERGY BREAKOUT-energy stock bullishThe energy sector of our market seems to have given a breakout, it has been in a consolidation for a while now and has shown a healthy correction of 50% according to fib retracement.
The pattern it formed was an ideal flag and pole pattern which is a pattern that gives a good momentum when its broken and gives a rally of equal to it's last rally.
The RSI stands at 58 and is indicating bullishness.
MACD is above the signal line.
I believe it's a good opportunity to go long on energy stocks
Below I have posted some charts of the energy sector stocks, do have a look at them, these charts are not provided to take trades on them but just to get a better understanding of cnxenergy.
Tatapower:
Jswenergy:
Powergrid:
Adanigreen:
Tata PowerEverything self explanatory on chart
Close above trendline as well above 50 Dma
Clean setup
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial adviser before taking any trade.
TATA POWER Descending Traingle pattern - Breakout 1DAs i've already posted an analysis on TATA POWER creating it's Descending Triangle Pattern, Now it has broken this pattern and creating a new upward rally. I am hoping for TATA Power's new lifetime High Soon. There is more positivity in Tata Group due to IPL Sponsorship. Tata Power is also good opportunity for Investment Purpose .
Tata Power: At crucial resistance levels & trading strategyTata Power
- The stock is at crucial trendline resistance
- 216 is an important support level which if broken would lead to further fall
On the upside 230-236 odd levels has the potential to act as resistance
Given the set up, one may consider a Bear Call spread strategy.
Take care & safe trading...!!!
Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
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- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
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